Tracked deals
12
12 tracked deals across 2023-2026.
Private Equity Firm
Financial Services
Apheon
Strassen, Luxembourg
Apheon is a pan-European mid-market private equity investment company managing ~€4.5 billion of assets, known for a “patient and friendly capital” partnership approach and industrial know-how to help scale portfolio companies across Europe.
- Focus Areas
- Private equity
- Website
- apheon.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
6 buyout · 3 addon · 2 recapitalization
Apheon Acquisition Volume by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
January 19, 2026
- Buyer
- Crescent Capital Group, Apheon
- Target
- IMS Group GmbH, resinnovation GmbH, Polypipe (German operations), Amex Sanivar, Hurricane Trenchless Technologie GmbH, Kardiam Diamantwerkzeuge GmbH
- Industry
- Industrial Services
- Location
- Germany
- Type
- Addon
Crescent Capital Group’s European Specialty Lending strategy provided financing to support a buy-and-build platform led by pan‑European private equity firm Apheon and the founders of several Germany-based pipe rehabilitation and manufacturing businesses. The financing will consolidate IMS Group, resinnovation, Polypipe, Amex Sanivar, Hurricane Trenchless Technologie and Kardiam into a single integrated platform offering equipment, materials and turnkey trenchless pipe rehabilitation solutions, with Crescent also committing capital for future add-ons.
-
December 16, 2025
- Buyer
- Apheon
- Target
- Rubio Monocoat
- Seller
- Bencis
- Industry
- Manufacturing
- Location
- Belgium
- Type
- Buyout
Apheon, a European private equity firm, has signed a binding agreement to acquire a majority stake in Rubio Monocoat, a global sustainable wood protection solutions company. The deal includes a partnership with management and the founding Muylle family, while Bencis sells its stake. Apheon plans to accelerate Rubio’s international growth, strengthen its omnichannel go-to-market, and continue advancing its innovation roadmap.
-
September 30, 2025
- Buyer
- Apheon
- Target
- Golmar Italia S.p.A.
- Seller
- Golè family
- Industry
- Industrial Services
- Location
- Lombardy, Italy
- Type
- Buyout
Apheon, a pan‑European mid‑market private equity firm, has acquired a majority stake in Golmar Italia S.p.A., a leading Italian distributor of professional cleaning and hygiene products. The founding Golè family will remain invested as minority shareholders while Apheon intends to pursue a buy‑and‑build strategy to accelerate Golmar’s growth across Italy and in high‑potential end markets.
-
- Buyer
- Apheon, Unigestion
- Target
- Ortivity
- Seller
- existing Ortivity shareholders (partial exit)
- Industry
- Healthcare Services
- Location
- Germany
- Type
- Growth capital
Apheon announced a further investment in its portfolio company Ortivity, Germany’s integrated outpatient orthopaedic care platform. The transaction brings Unigestion onboard with a significant minority stake and includes a partial exit for existing Ortivity shareholders, alongside selected new Apheon investors, with an approximately EUR 200 million capital injection.
-
July 16, 2025
- Buyer
- Apheon
- Target
- Longwood (Diagnóstica Longwood)
- Seller
- Antonio Raichs and existing shareholders
- Industry
- Medical Devices
- Location
- Aragon, Spain
- Type
- Buyout
Apheon, a pan‑European private equity investor, has acquired a majority stake in Longwood, a Zaragoza‑based distributor and manufacturer of high value‑added In‑Vitro Diagnostics (IVD) equipment and services focused on Next‑Generation Sequencing. Founder Antonio Raichs and CEO Miguel Giralt will remain invested and the partnership aims to expand Longwood's product offering, pursue M&A and accelerate international growth.
-
- Buyer
- Apheon, Millbio NA
- Target
- Cain Food Industries Inc.
- Seller
- Cain Food shareholders (including top management and founding family members)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Luxembourg-based private equity firm Apheon has acquired Dallas-based Cain Food Industries and merged it with its portfolio company Millbio (Milan) to create a global clean-label bakery ingredients group. The combined business will operate in North America as Cain Food Industries Inc., with Cain's CEO Tom McCurry leading regional operations; financial terms were not disclosed.
-
November 28, 2024
- Buyer
- Apheon, LFPI (LFPI Gestion)
- Target
- Haudecoeur
- Seller
- Apheon
- Industry
- Food & Beverage
- Location
- France
- Type
- Recapitalization
Apheon has restructured its ownership of Haudecoeur by transferring its stake into an Apheon-controlled vehicle and extending its majority position, while LFPI joins as a minority investor. The Haudecoeur family and management are materially reinvesting; the recapitalization will provide additional capital and an extended time horizon to support organic growth and a targeted add-on acquisition programme across Europe.
-
November 12, 2024
- Buyer
- Apheon
- Target
- Hittech Group
- Seller
- Founders and a consortium of private shareholders
- Industry
- Manufacturing
- Location
- South Holland, Netherlands
- Type
- Buyout
Apheon, a pan‑European private equity firm, has acquired a majority stake in Hittech Group from the company's founders and a consortium of private shareholders. The investment will support Hittech's growth plans — expanding its operational footprint, capabilities and entry into new geographies and end markets — while management and existing investors retain significant stakes.
-
November 1, 2024
- Buyer
- Apheon, MML Capital Partners
- Target
- TMC (The Member Company)
- Industry
- Professional Services
- Location
- North Brabant, Netherlands
- Type
- Recapitalization
Apheon has reaffirmed its commitment to TMC by reinvesting through a new Apheon-controlled vehicle, and MML Capital Partners is joining as a new investor alongside significant reinvestment from TMC's founder and management. The recapitalization will provide capital and sector expertise to support TMC's geographic expansion, capability development and continued M&A activity; TMC is headquartered in Eindhoven and employs about 2,750 people across 16 countries.
-
July 30, 2024
- Buyer
- Haudecoeur, Apheon
- Target
- Cepasco
- Seller
- Evoco
- Industry
- Food & Beverage
- Location
- Provence-Alpes-Côte d'Azur, France
- Type
- Addon
Haudecoeur, a French ethnic foods leader backed by Apheon, has completed the acquisition of Cepasco, the leading French supplier of herbs and spices. The deal (Cepasco was formerly majority-owned by Evoco) strengthens Haudecoeur's position in the herbs & spices market, adds complementary brands and capabilities, and expands the combined group's presence in France and Belgium.
-
December 21, 2023
- Buyer
- Apheon
- Target
- Salpa
- Seller
- Cherubini family, Equinox
- Industry
- Food & Beverage
- Location
- Umbria, Italy
- Type
- Buyout
Apheon, a pan‑European private equity firm, has acquired a majority stake in Salpa, an Italian producer of cookie-based ingredients and inclusions for the industrial ice cream, dairy and confectionery sectors. The Cherubini family and Italian PE firm Equinox sold their stakes while the Cherubini family and management reinvested as minority shareholders; Apheon will support Salpa's planned international expansion and growth.
-
November 21, 2023
- Buyer
- Astorg Mid‑Cap, Apheon
- Target
- Sofico
- Industry
- Software
- Location
- East Flanders, Belgium
- Type
- Buyout
Astorg Mid‑Cap will invest a 51% stake in Sofico in partnership with Sofico founders Gémar Hompes and Piet Maes and existing investor Apheon, with the founders and Apheon significantly reinvesting and remaining involved. Sofico, headquartered in Ghent, is a leading software provider for the automotive leasing and mobility industry, employs over 500 experts, serves major global leasing customers, and will use the partnership to accelerate product development, services expansion and M&A; financial terms were not disclosed and the deal is expected to close in Q1 2024.
Related Acquisition Pages
Food & Beverage Buyers & Acquisitions
4 tracked deals by Apheon.
Industrial Services Buyers & Acquisitions
2 tracked deals by Apheon.
Manufacturing Buyers & Acquisitions
2 tracked deals by Apheon.
Healthcare Services Buyers & Acquisitions
1 tracked deal by Apheon.
Acquisitions in Texas
1 tracked deal by Apheon.
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