Founded in 1893 in the heart of Brussels, Chez Léon is an institution of Belgian cuisine, renowned for its warm and lively atmosphere and its iconic specialty, moules-frites. Located just steps away from the Grand-Place, the restaurant has embodied the Brussels art of living for more than 130 years, attracting tourists, celebrities and loyal regulars alike. With 370 indoor seats and 75 on the terrace spread over 2,000 square meters across nine 17th-century buildings, Chez Léon is the largest restaurant in the Belgian capital and gave rise to the eponymous restaurant chain developed in France.

At the helm of the establishment for six generations, the Vanlancker family instills a family spirit among its workforce of around one hundred employees. With a very solid volume of business, Chez Léon serves over a thousand meals a day.

Founded in Paris in 1975 by Gérard Joulie, a passionate gastronome, the group dedicated to restaurant and hospitality activities has gradually expanded while remaining family-owned and independent. With twelve restaurants and four hotels in Paris, it offers a distinctive culinary experience and service, combining French tradition with contemporary innovation. Among its flagship venues are the three Bouillon Chartier restaurants, Le Café du Commerce, l’Auberge DAB, l’Européen and Le Congrès.

Advised by the teams at Largillière Finance, the shareholders of Chez Léon sought to facilitate an intergenerational transfer while ensuring the preservation of the tradition of this iconic Brussels venue. For Groupe Joulie, this flagship of Belgian gastronomy joins its portfolio of establishments offering unique and memorable experiences.

Akao, a French expert in flow automation and digitalization, joins Sage, a leader in accounting, financial, HR, and payroll technologies for small and medium-sized enterprises (SMEs). This sale, advised by Largillière Finance, enables Sage to strengthen its position in a market profoundly transformed by the arrival of electronic invoicing in September 2026.

Akao is a long-standing partner of Sage as an Independent Software Vendor (ISV), serving more than 2,700 SMEs and mid-market companies and processing over 100,000 invoices per day. The Akao solution covers the entire invoicing lifecycle, from receiving and processing supplier invoices to issuing customer invoices. It enables companies to simplify and digitalize their operations, strengthen their internal controls, and improve their productivity and the visibility of their financial process by leveraging a comprehensive workflow engine and document management capabilities.

As technological innovations accelerate and the electronic invoicing reform draws closer, companies must reach a critical milestone in their digital transformation. Indeed, according to a recent study by Sage, only one in four SMEs feels ready to tackle these changes, despite the significant impact expected on their financial processes. Akao’s AI-based SaaS solution provides a concrete response to these challenges by combining accounting automation, document digitalization, digital archiving, compliance, and comprehensive process management—offering companies a reliable and fully digitalized environment to manage their invoicing flows.

“Millions of businesses in France are adapting to prepare for the electronic invoicing reform. By joining forces with Akao, Sage is uniquely positioned to support companies through this crucial transition, helping them to easily maintain compliance while reaching new levels of efficiency, traceability, and growth,” says Arnaud Petit, Managing Director, Sage Southern Europe.

This transaction is fully aligned with ARMONIA’s growth strategy, with a clear objective: to enhance the employee experience, create new drivers of attractiveness for companies, and accelerate the roll-out of human-centric, purposeful, and committed hospitality, at the heart of new working practices.

Founded over 20 years ago, ENFIN LUNDI currently operates more than 80 service areas across France, mainly in the Île-de-France and Lyon regions, supported by a workforce of nearly 90 employees. The company supports major accounts and key players in the commercial real estate sector in the evolution of their work environments, in order to meet the growing expectations of both employees and prospective candidates.

ENFIN LUNDI has developed a comprehensive offering combining corporate concierge services, hospitality management, and digital services, all designed to improve quality of life at work and the employee experience.

With this acquisition, ARMONIA is pursuing a clear strategy of internalizing high value-added expertise. Previously largely outsourced, expertise in concierge services and phygital hospitality is now becoming an essential pillar of the Group’s offering. This integration will strengthen commercial synergies, broaden the range of solutions offered to customers, and enable the co-development of new services focused on quality of life and working conditions (QLWC), hospitality, and the workplace.

The management teams at ENFIN LUNDI are fully commited to the project and will support ARMONIA throughout a gradual integration phase, ensuring operational continuity, knowledge transfer, and cultural alignment.

This transaction was carried out with the support of LARGILLIÈRE FINANCE as financial advisor to the sellers, namely GROUPE LA POSTE, through its subsidiary LA POSTE SANTE & AUTONOMIE, and the management of ENFIN LUNDI.

Originally created 70 years ago as a magazine, Groupe Campus acts as the link between brands and students (18-25 years old) across the entire French national territory. The agency offers 360° communication devices, thanks to exclusive partnerships with over 800 campuses and 1,000 student associations. It designs tailor-made communication plans for each client, adapted to their needs and issues, through physical touchpoints (events, festivals, pop-up campuses & trade shows…) or digital solutions (visibility or display solutions).

Based in Bagnolet (Paris region), Campus employs 26 people and generated revenue of over €4 million in 2024, with sustained growth of +20%. Its prospects are promising, driven by the loyalty of major accounts (tech, banking, consumer goods, digital, national education players, etc.) and the expansion of its customer portfolio.

Strong synergies with the activities of the Centre France group

Founded in Clermont-Ferrand with the creation of the newspaper La Montagne in 1919, the Centre France press group publishes newspapers, including eight daily and nine weekly titles. Its 1,448 employees are spread across a dozen activities, including events, advertising, media solutions, consulting, and training, generating revenue of €158 million.

This acquisition of a stake paves the way for national expansion, in coherence with the group’s events activities (ESJ PRO, themed trade shows…). It marks a new milestone in the group’s diversification strategy and will enable the development of new offerings.

Campus retains its DNA and management team

The original founders of Campus remain at the helm to maintain and develop the teams’ expertise.

Campus recently orchestrated a tour across 45 campuses and collaborates with brands such as Deezer, Dailymotion, and Asus.

KEP Technologies is specialized in the design and implementation of creative and economically efficient industrial and technological solutions, and combines strong innovation capabilities with extensive engineering experience. Founded 25 years ago, the group is organized around four business divisions: metal assembly design and production (KEP METAL SOLUTIONS), material characterization (SETARAM), industrial control (SETSMART), and radiation measurement (SETSAFE). It supports clients, including industrial groups and research institutes, worldwide, across diversified markets. The group generates €52 million in revenues, with 45% from outside France, and employs 450 people.

The KEP Metal Solutions division (KTIS in France and KMTM in Morocco) is specialized in the design and manufacture of high value-added metal assemblies for the aerospace and defense industries and is one of the few French players mastering multiple industrial processes to meet its clients’ needs. The teams can work on a single solution or across all solutions depending on project complexity. KEP Metal Solutions serves major contractors such as Safran, Thales, Nexter, and MBDA.

This sale of the entire metal division is made to Tikehau Capital, which becomes the majority shareholder, in partnership with Aciturri Aeroengines, a renowned Spanish industrial group supported by the Clemente family, who will invest in KEP Metal Solutions as a minority shareholder. The partnership between KEP Metal Solutions’ proven expertise and Aciturri Aeroengines’ industrial know-how aims to build a European platform of excellence.

For KEP Technologies, this transaction represents a strong commitment to supporting the industrial growth of the metal production business.

An alliance of expertise and entrepreneurial vision

Founded in 1997 by pastry chef Arnaud Larher, Meilleur Ouvrier de France in 2007, Maison Arnaud Larher is a highly reputed heritage brand with recognized expertise, pursuing a strategy focused on international expansion and moving upmarket.

For Fauchon, this acquisition opens up new growth prospects and marks a decisive step in its ambition to become a benchmark player in the high-end pastry and chocolate segment, both in France and internationally. By integrating Maison Arnaud Larher, Fauchon intends to strengthen its product offering and accelerate the deployment of its network.

The merger of the two companies will make it possible to:

• The development of a network of Arnaud Larher boutiques in France and abroad. These boutiques will be financed through equity investments and, if necessary, the structuring of bank financing.
• The enrichment of the Fauchon offer, through the creation of a line of pastries and chocolates co-signed by Fauchon x Arnaud Larher, combining artisanal excellence and aesthetic excellence. This range is designed to enhance the appeal of existing boutiques and appeal to a clientele in search of high-end novelties.
• Creating synergies. A project to resize the production workshop is currently under study. The creation of a workshop dedicated to the production of macaroons is also envisaged in order to meet growing demand in this segment, on both domestic and export markets.

The Galapagos Group, a Fauchon shareholder, will support the entire project through:

• Financing investments in network expansion and production facilities,
• Providing strategic and operational support for international expansion,
• Providing shared resources for finance, HR, development and supply chain.

Founded in 1980 by Jean-Pierre Mangeant and managed since 2010 by his son, Stéphane Mangeant, the company specializes in the installation of HVAC and plumbing solutions for new construction projects. JP MANGEANT is based in Pocé-sur-Cisse near Tours (37) and in Nantes (44), and carries out large-scale projects in the Pays de la Loire region, ranging from 50 to 250 homes, for renowned property developers such as Nexity, Kaufman & Broad and Edouard Denis. With a solid order book of 28 projects underway, operated by 55 employees, and over €10 million in sales secured for the coming months, the company has strong growth prospects.

Based in Brittany, Pays de la Loire and Ile-de-France, Compagnie Financière Armoricaine (CFA), which also owns ISF Energies and Sogec Energie, is a group specializing in the construction of new multi-family housing, student and service residences and ERP (offices, hotels, etc.). With sales of over €30 million, Compagnie Financière Armoricaine delivered 2,520 housing units in 2022 and employs over 150 people.

Recognized for its expertise and strong presence in the Centre-Val de Loire and Pays de la Loire regions, JP Mangeant strengthens CFA’s position in these regions, which offer significant growth prospects.

As part of this acquisition, Stéphane Mangeant will retain a minority share in the company’s capital, and will continue to manage JP MANGEANT within CFA, in order to contribute to the group’s growth dynamic.