Tracked deals
8
8 tracked deals across 2019-2026.
Private Equity Firm
Financial Services
Groupe HLD
Luxembourg, Luxembourg, Luxembourg
Permanent-capital investment group that accompanies European entrepreneurial ventures with both financial and operational support, using an entrepreneurial partnership approach focused on responsible operational development.
- Focus Areas
- Permanent-capital investment, Private equity / permanent capital, Investment management
- Website
- groupehld.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Addon
4 addon · 4 buyout
Groupe HLD Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 21, 2026
- Buyer
- CapVest Partners LLP, HLD Europe
- Target
- TSG Solutions (TSG)
- Industry
- Industrial Services
- Location
- France
- Type
- Buyout
CapVest Partners completed its acquisition of a majority stake in TSG Solutions (TSG), a European provider of technical services for critical energy infrastructure. TSG is headquartered in Paris and operates across 30 countries with more than 7,000 employees, offering end-to-end services across power/grid infrastructure, EV charging, solar, BESS, and gas/biogas.
-
April 3, 2026
- Buyer
- TSG Solutions, HLD, entrepreneurial investment group
- Target
- Powertek Utilities, Van der Heijden
- Industry
- Energy
- Location
- United Kingdom
- Type
- Addon
TSG (with support from HLD) continues its European acquisition strategy with two targeted deals: it is integrating Powertek Utilities in the United Kingdom and Van der Heijden in the Netherlands. The acquisitions broaden TSG’s capabilities in electrification, networks, and industrial infrastructure to better serve the energy-transition market.
-
November 18, 2025
- Buyer
- Groupe HLD (HLD Europe)
- Target
- Exosens (formerly Photonis Group)
- Seller
- Ardian
- Industry
- Aerospace & Defense
- Location
- Nouvelle-Aquitaine, France
- Type
- Buyout
Groupe HLD (HLD Europe) acquired Photonis Group (rebranded Exosens) from Ardian in 2021 in a reported €370 million buyout. Under HLD ownership Exosens expanded through nearly ten add-on acquisitions, grew to roughly 1,600–1,900 employees with ~€394m turnover, and completed an IPO on Euronext Paris in June 2024.
-
- Buyer
- Thurston Group, HLD Group
- Target
- Alsim System Building
- Industry
- Building Products
- Location
- East Riding of Yorkshire, United Kingdom
- Type
- Addon
Wakefield-based Thurston Group has acquired the assets and intellectual property of Hull-based Alsim System Building, which entered administration in March. The asset purchase—completed by Thurston, a portfolio company of London-based HLD Group—will expand Thurston’s cabins division and add a new style of temporary living and secure accommodation to its offsite manufacturing offering.
-
June 21, 2024
- Buyer
- Biggie Group, Groupe HLD
- Target
- 3QTZ
- Industry
- Marketing & Advertising
- Location
- France
- Type
- Addon
Biggie Group has acquired Paris-based digital marketing agency 3QTZ to strengthen its digital marketing, media buying and consulting capabilities. The deal, supported by investor Groupe HLD, expands the Group's integrated offering across its seven-country footprint and complements prior integrations such as Kazam! and Beastly.
-
March 16, 2023
- Buyer
- Groupe HLD
- Target
- Infodis
- Seller
- LBO France
- Industry
- IT Services
- Location
- Île-de-France, France
- Type
- Buyout
Groupe HLD has acquired Infodis, a French IT integration and infrastructure outsourcing specialist with about 600 employees. HLD said Infodis will leverage the group's financial and operational support to accelerate development in France and internationally and pursue targeted acquisitions of high value‑added IT expertise; the transaction follows LBO France's prior majority ownership.
-
March 8, 2022
- Buyer
- HLD (Groupe HLD)
- Target
- ba&sh
- Seller
- L Catterton
- Industry
- Retail
- Location
- Île-de-France, France
- Type
- Buyout
HLD (Groupe HLD) has agreed to acquire the majority stake in French womenswear brand ba&sh from private equity firm L Catterton; terms were not disclosed. The deal transfers control to HLD, which said it will partner with ba&sh's founders and management to support further geographic expansion, new product categories and continued omnichannel growth following a period of rapid scale under L Catterton.
-
February 28, 2019
- Buyer
- Goto Investment, HLD Europe
- Target
- Bridge Base Online (BBO)
- Seller
- Two selling managers (unnamed)
- Industry
- Media & Entertainment
- Location
- United States
- Type
- Addon
French online bridge publisher Goto (operator of Funbridge), backed by HLD Europe, has acquired American Bridge Base Online (BBO). The deal, financed with new equity from HLD Europe, the entry of two selling managers and a refinancing of senior debt, triples Goto's size and strengthens its position in the United States and internationally.
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