- Acquisition: Gamut Capital Management acquires the construction company Acousti Engineering Company.
- Acquisition: Argos Fund acquires the domestic hygiene products manufacturer RELEVI.
- Acquisition: Karnell acquires the manufacturer of modular lighting control systems flex7.
- Aquisition: Apax Partners invests in the foreign exchange risk management solutions developer MillTech.
GAMUT CAPITAL MANAGEMENT
Acquisition: Gamut Capital Management acquires the construction company Acousti Engineering Company
Gamut Capital Management announces the acquisition of a majority stake in Acousti Engineering Company (Florida / USA), a construction company specializing in interior finishes (acoustic ceilings, walls, floors, and insulation systems), offering integrated solutions for commercial projects aimed at optimizing the quality, cost, and performance of buildings. This transaction marks the exit of Ardian, the majority shareholder of the company since 2020. Gamut Capital Management will support Acousti’s growth through its geographical expansion and the execution of complex construction and renovation projects (Gamut Capital Management, press release)
ARGOS FUND
Acquisition: Argos Fund acquires the domestic hygiene products manufacturer RELEVI
Argos Fund, via Argos Climate Action, acquires a majority stake in RELEVI (c. €90 million of revenue in 2024, Lombardy / ITA), a company specialized in the manufacture of household hygiene and home deodorization products for private label brands. The acquisition was made from ProA Capital, the majority shareholder since 2021, who will remain a minority shareholder in the company. This operation provides RELEVI with access to new resources to accelerate its growth, launch innovative products, and strengthen its ecological transition (Argos Fund, press release)
Karnell
Acquisition: Karnell acquires the manufacturer of modular lighting control systems flex7
Karnell acquires a 98% stake in flex7 (c. £9 million of revenue in 2025, South East / ENG), a company that designs and manufactures modular and prefabricated lighting connection and control systems for commercial and industrial environments, with a product range that includes plug-and-play solutions as well as wireless control options tailored to a variety of sectors such as education, healthcare, public spaces, retail, and transport. Karnell’s support provides flex7 with the stability needed to continue its development while preserving its entrepreneurial culture (Karnell, press release)
APAX PARTNERS
Aquisition: Apax Partners invests in the foreign exchange risk management solutions developer MillTech
Apax Partners, via Apax Digital Fund, invested $60 million in MillTech (London / ENG), a fintech company that develops and provides institutional clients with automated solutions for foreign exchange (FX) risk management and treasury, enabling companies and investors to optimize their financial operations, reduce costs, and access institutional solutions for currency and liquidity management. This investment will allow MillTech to accelerate its development, enhance its technological capabilities, and offer more automated and efficient treasury management solutions to its clients (Apax Partners, press release)
