Astorg

Astorg Partners is an independent private equity firm founded in 1998 and based in Luxembourg, with additional offices in Europe and the United States. The firm manages over €8 billion in assets and specializes in leveraged buyouts and growth capital investments in small to mid-sized companies across various sectors, including software, healthcare, manufacturing, and industrial services. Astorg focuses on partnering with management teams, particularly in family-owned businesses, to drive operational success and entrepreneurial growth. The firm typically invests between €5 million and €500 million in companies with enterprise values ranging from €20 million to €2 billion and revenues between €100 million and €1 billion. With a strong track record, Astorg has completed 45 transactions, achieving an annualized return of 27% and maintaining a minimal loss rate. The firm seeks to hold majority stakes in its portfolio companies but is also open to minority investments, emphasizing responsible investment practices and strategic guidance to enhance shareholder value.

Marco Aliprandi

Analyst

Charles-Hubert Le Baron

Associate

Michael Beetz

Director

Emmanuelle Berdugo

Associate

Kevin Bernges

Associate Director, Mid-Cap

Francesco Betti

Senior Associate

Parinaz Bhot

Senior Associate

Henrik Bøe

Associate Director

Rozenn Carns

Investor Relations Coordinator

Jean Casamayou

Chief Operating Officer

Adrien Celdran

Senior Associate

Judith Charpentier

Director

John Chun

Associate Director

Benjamin Cordonnier

Associate Director

Catherine Couet

Chief Financial Officer

Christian Couturier

Partner

Christopher Cozzone

Director

Henry Davies

Associate Director

James Davis

Partner

Ben Deanfield

Associate Director

Mathilde Desanges

Associate Director

Benjamin Dierickx

Associate Director

Niklas Einsfeld

Partner

Stéphane Epin

Partner

Alexandre Falewee

Senior Associate

Benoît Ficheur

Director

Gaurav Goel

Associate

Olivier Grard

Chief Financial Officer

Enrico Grasso

Partner, Mid-Cap

Jos Gritter

Senior Associate

Marion Estève Guillemain

Associate

Mariya Hristova

Senior Associate

Emily Hyslop

Associate

Anjali Itzkowitz

Senior Associate

Louis Jouglard

Associate

Joel Lacourte

Managing Partner

Michal Lange

Director

Olivier Lieven

Managing Director & Member of Investment Team

Florian Luther

Partner, Mid-Cap

Paul MacDuff

Partner, Mid-Cap

Guillaume de Malliard

Partner

Nicolas Marien

Director

Signe Michel

Director

Xavier Moreno

Co-Founder and Chairman

Daniel Mueller

Senior Associate

Jeffrey Orenstein

Head of Client Relations

Noe Richard

Associate Director

Jonas Samlin

Director

Kamil Tazi

Senior Associate

Antoine Thomas

Senior Associate

Thierry Timsit

Co-Founder, Chief Executive Officer, Managing Partner & Member of the Group Executive Committee and of the Investment Committee

Thibault Veber

Director

Frederick Young

Associate Director

Lorenzo Zamboni

Partner

39 past transactions

EcoVadis

Private Equity Round in 2022
EcoVadis operates a platform that provides sustainability ratings, intelligence, and collaborative performance improvement tools specifically designed for supply chain management. Founded in 2007 and headquartered in Paris, France, the company serves a diverse range of industries, including pharmaceuticals, finance, electronics, beauty, and consumer packaged goods. EcoVadis has established itself as a trusted partner for procurement teams in over 300 multinational organizations, helping them mitigate risks and drive innovation in sustainable procurement. The platform offers user-friendly sustainability scorecards that deliver detailed insights into environmental, social, and ethical risks across 198 purchasing categories in 155 countries. With a team of 600 professionals from 45 nationalities, EcoVadis combines expertise in sustainability with advanced technology to facilitate meaningful change in global supply chains. The network includes more than 55,000 businesses, enabling them to assess, collaborate, and enhance their sustainability performance effectively.

Demetra Holding

Secondary Market in 2021
Demetra Holding develops, manufactures, and distributes products used in orthopedic implant surgeries and spine interventions.

Fenergo

Acquisition in 2021
Fenergo is a provider of client onboarding lifecycle management software for corporate, investment and private banks. Established in 2009, its onboarding technologies span front and middle office operations to provide banking clients with an end-to-end client lifecycle management solution that includes compliance and banking process management such as: Onboarding compliance (KYC, CDD, AML, TDSI, MiFID II, FATCA, Dodd-Frank) Legal entity data management Product onboarding Collateral Management Client servicing Credit mitigants & collateral management. Its client base includes some of the world’s leading banks and prime brokerages and its solutions help them to enhance client experience through faster and efficient onboarding, improved client set-up times and a more consistent client onboarding experience. In 2012, Fenergo’s Client Onboarding Lifecycle Management solution was awarded the Good Accreditation standard for proven client satisfaction across its client base.

Solina Group

Acquisition in 2021
Solina Group is a major player in the global food ingredients market. Its services feature personalized ingredient solutions for the food industry in the areas of fish, meat, nutrition, ready meals, and snacks. Solina is also a major player in the professional (butchers) and food service markets. The company was founded in 2011 and is headquartered in France.

Fenergo

Private Equity Round in 2021
Fenergo is a provider of client onboarding lifecycle management software for corporate, investment and private banks. Established in 2009, its onboarding technologies span front and middle office operations to provide banking clients with an end-to-end client lifecycle management solution that includes compliance and banking process management such as: Onboarding compliance (KYC, CDD, AML, TDSI, MiFID II, FATCA, Dodd-Frank) Legal entity data management Product onboarding Collateral Management Client servicing Credit mitigants & collateral management. Its client base includes some of the world’s leading banks and prime brokerages and its solutions help them to enhance client experience through faster and efficient onboarding, improved client set-up times and a more consistent client onboarding experience. In 2012, Fenergo’s Client Onboarding Lifecycle Management solution was awarded the Good Accreditation standard for proven client satisfaction across its client base.

Corsearch

Acquisition in 2021
Corsearch is a data-driven business specializing in trademark and domain establishment and protection. It offers a range of services designed for corporate legal departments and law firms, focusing on brand establishment, protection, and domain management. The company assists clients with trademark screening, search reviews, monitoring, and domain management, providing comprehensive brand risk and performance solutions. These solutions include trademark research, online brand protection, and anti-piracy measures, enabling clients to effectively monitor and safeguard their brands in a complex business landscape.

Opus 2

Acquisition in 2021
Opus 2 provides litigation and court reporting services from locations on three continents. Their international presence combined with their deposition management center in San Francisco, California enables us to support their clients around the world, around the clock.

Corialis

Acquisition in 2021
Corialis, also known as Core Innovative Aluminium Integrated Solutions, specializes in the design, extrusion, and manufacturing of advanced aluminium profile systems. The company produces a wide range of products, including those for windows, doors, sliding elements, roof systems, conservatories, curtain walls, and balustrades. Corialis serves thousands of local fabricators and installers across Europe, catering to both residential and light commercial markets. With a focus on residential renovation, the company emphasizes the development and distribution of high-quality aluminium products that enhance architectural applications, enabling home builders to access technologically advanced solutions.

Third Bridge Group

Secondary Market in 2021
Third Bridge Group is a provider of research services to private equity and hedge funds. Third Bridge provides private equity firms, hedge funds and strategy consultants with the information that they need to understand the value of their investment opportunities. Every month, we receive thousands of requests from our clients, who trust us to deliver on their most complex information needs.

Acturis

Private Equity Round in 2019
Acturis was established in late 2000 by Theo Duchen and David McDonald, two former McKinsey partners, and the late Sir Brian Pitman, the former CEO and Chairman of Lloyds TSB. The company's total focus is on using technology and process innovation to help brokers and insurers in the general insurance industry to achieve radically improved levels of efficiency, productivity and client service. The first brokers traded on the Acturis system in July 2002 and since then more and more brokers and underwriters have moved from UK legacy systems to enjoy the efficiency savings offered by the Acturis system.

Anaqua

Private Equity Round in 2019
Anaqua offers intellectual property (IP) management software and services tailored for various users, including large IP owners, smaller teams, and law firms. Its product suite includes Anaqua Enterprise for larger organizations, Anaqua Express for smaller teams, ANAQUA Element for cloud-based IP management, and ANAQUA Essential for legal practices. The company's solutions address all aspects of the IP lifecycle, covering inventions, patents, trademarks, and more. Anaqua's platform is entirely web-based, featuring automated workflows, integrated document and email management, and advanced query and reporting capabilities. By enhancing business productivity and improving IP visibility, Anaqua supports all participants in the IP management process.

Aries Alliance

Acquisition in 2018
Aries Alliance specializes in metal shaping machines and presses fabrication and aerospace part production. The company is driven by a mission to develop and deliver in the best conditions full solutions (machines, tools, simulation software, turnkey workshop, part production) in aircraft metal forming and for large scale machining.

Nemera

Acquisition in 2018
Nemera Development S.A. designs, develops, and manufactures drug delivery solutions. The company provides ophthalmic preservative-free multidisc eyedropper; parenteral injectable devices and safety systems; pulmonary inhalation devices; nasal, buccal, and auricular sprays and pumps; and dermal and transdermal dispensers and airless systems. It offers its solutions for the pharmaceutical industry worldwide. Nemera Development S.A. was founded in 2014 and is based in Luxembourg City, Luxembourg with additional plants in Europe and the United States.

IGM Resins

Acquisition in 2018
IGM Resins is a global specialist in the development, manufacturing, and supply of radiation-curable materials for the inks and coatings industry. Established in the late 1990s, the company has significantly expanded its product portfolio to meet the evolving technical demands of its customers. IGM Resins offers a diverse range of products, including photoinitiators, additives, ultraviolet curable monomers, epoxy acrylates, and polyether acrylates. The company's focus is on assisting clients in creating innovative solutions within the UV ink and coating sector, positioning itself as a vital partner in the advancement of ultraviolet raw materials.

Echosens

Private Equity Round in 2018
Echosens SAS, established in 2001 and based in Paris, France, specializes in developing, manufacturing, and marketing non-invasive diagnostic products and services for hepatology. The company offers several key technologies, including FibroScan, which utilizes vibration-controlled transient elastography for liver assessment in both clinical practice and research settings. Additionally, Echosens provides FibroMeter, a blood test that quantifies liver fibrosis, and FibroView, a smart connectivity software that integrates FibroScan with hospital information systems. Echosens aims to become a global leader in non-invasive hepatology diagnostics while focusing on improving patient quality of life.

Surfaces Group

Acquisition in 2017
Surfaces Technological Abrasives S.r.l. manufactures abrasives for the treatment of lapping of the ceramics

AudioTonix

Acquisition in 2017
Audiotonix Limited, founded in 2014 and based in Chessington, United Kingdom, specializes in the manufacture of high-quality audio mixing console equipment. The company is recognized for producing some of the most popular and innovative digital mixing consoles used across various sectors, including live sound, theatre, broadcast, and post-production industries. In the United States, Audiotonix's products are exclusively distributed by Group One Ltd., located in Farmingdale, New York. With a commitment to advancing audio technology, Audiotonix has established itself as a key player in the audio equipment market.

AutoForm Engineering

Acquisition in 2016
AutoForm was founded in 1995 in Zurich, Switzerland. Since then, AutoForm has grown continuously and rapidly, and the company is now recognized as the leading provider of software solutions for die design and sheet metal forming simulation.

Parkeon

Acquisition in 2016
Parkeon is a major player in the urban mobility industry and supplies a wide and unique range of parking management solutions and public transport ticketing solutions.

HRA Pharma

Private Equity Round in 2016
HRA Pharma, SA develops and commercializes drugs, devices, and services in the therapeutic areas of reproductive health and endocrine diseases. It offers reproductive health products, which include Norlevo for emergency contraception; Cicatridine for vaginitis and vaginal injury; Delidose, Divina, and Duova for HRT; GyMiso for cervical ripening; and Mona Lisa, a copper contraceptive intrauterine device, as well as endocrinal products that include Lysodren and Lysosafe for adrenal cancer. The company also provides Bemedrex for asthma; Deprenyl for Parkinson's disease; and information and associated services for healthcare providers and other users. In addition, its development pipeline comprises ella/ellaOne, an emergency contraceptive pill; UPA UF, a treatment for uterine fibroids; UPA contraceptive products; Mifedren, a product candidate for a subset of Cushing's syndromes caused by ectopic ACTH(1) secretion; and cell-based therapies for muscle regeneration. The company distributes and markets its products directly in the European Union, including France, Germany, and the United Kingdom, as well as through license agreements in France and internationally. HRA Pharma, SA was founded in 1996 and is based in Paris, France. It has subsidiary locations in Bochum, Germany; London, the United Kingdom; and New York, New York.

IQ-EQ

Acquisition in 2015
IQ-EQ, a leading Investor Service group employing 2,450+ people across 23 jurisdictions worldwide. We bring together that rare combination of global expertise with a deep understanding of the needs of our clients. We have the know how and the know you to deliver for our clients - fund managers, global companies, family offices and private clients.IQ-EQ was a leading multi-jurisdictional provider of financial services in Europe and beyond.In March 2019, SGG rebranded alongside First Names Group, Augentius, Iyer Practice.

Metrologic Group

Acquisition in 2015
Metrologic Group specializes in the design and manufacture of innovative leading edge 3D inspection software and electronics which run measurement machines used for dimensional control notably in the automotive, aeronautic, transport and medical sectors. Headquartered in Meylan near Grenoble, Metrologic has subsidiaries in the USA, Germany, Spain, Italy, Brazil and China and is backed by an international sales network of distributors located in over 30 countries. With over thirty years of experience, Metrologic provides its customers with high performing 3D measuring software, renowned for its superior degree of accuracy, ease of use, processing speed and for compatibility with all measurement machines available on the market.

M7 Group

Acquisition in 2014
M7 Group SA was established in October 2009 in the Grand-Duchy of Luxembourg and is the European Provider of Satellite Services for consumers and business customers. M7 Group operates the following brands: CanalDigitaal and Online.nl in the Netherlands, TV VLAANDEREN in Flanders and TéléSAT in French speaking Belgium, M7 in Germany, AustriaSat in Austria and CSLink and Skylink for the Czech and Slovak market. All brands offer tailor made packages for clients adapted to the local culture and language in these countries. Luxembourg is the choice of location for a Provider of Satellite Services due to its strategic geographical location. Today, M7 Group SA has more than 3 million viewers who use a small Satellite dish to receive hundreds of Digital National and International TV and Radio Channels. Since 2011, M7Group SA also provides Internet and VOIP services to their customers in The Netherlands and Flanders.

Megadyne

Acquisition in 2014
Megadyne S.p.A is a manufacturer specializing in power transmission and conveying systems, producing a wide range of products including thermoplastic and thermoset polyurethane belts, rubber timing and v-belts, pulleys, clamping plates, and timing bars. Founded in 1957 and headquartered in Mathi, Italy, the company operates several manufacturing plants across Italy, France, Poland, Germany, China, and the United States. Megadyne serves a diverse array of industries such as automotive, construction, food processing, packaging, robotics, and textiles, offering both standard items and customized solutions to meet specific customer needs. As a subsidiary, Megadyne France SA focuses on the production of pulleys and contributes to the company's overall offerings in the power transmission market.

Sebia

Private Equity Round in 2014
Sebia is the provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic (IVD) testing. Its systems analyze proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies.

Kerneos

Acquisition in 2014
Kerneos SA specializes in manufacturing calcium aluminate-based products for various industries, including refractory, building chemistry, civil engineering, mining, and wastewater management. The company offers a diverse range of products such as CIMENT FONDU, a hydraulic binder; the SECAR range for high-temperature applications; and TERNAL, a high-alumina cement tailored for construction needs. Additionally, Kerneos produces synthetic aggregates like ALAG, and specialized cements such as CALCOAT RG for sewage systems. The company also provides SewperCoat, a mortar designed to protect sewage infrastructure from biogenic acid corrosion, as well as additives like Peramin that enhance the performance of dry mix mortars. Founded in 1973 and headquartered in Neuilly Sur Seine, France, Kerneos operates industrial sites and sales subsidiaries globally, with development laboratories in North America and China, and application laboratories in Brazil, India, South Africa, and Russia. Kerneos has been a subsidiary of Imerys SA since 2017.

Canberra Industries

Acquisition in 2013
Canberra Industries provider of innovative and cost-effective nuclear measurement solutions.

Saverglass

Acquisition in 2011
Saverglass, a high-end producer of bottles and carafes for the premium spirit, fine wine and perfume markets, employs 2,600 persons in France and in the world (3 glassworks and 3 decoration plants in France, 1 plant in the UAE) The Group, headquartered in Feuquières (Oise, France), achieved in 2014 a turnover of €395m. Widely recognised for its design, manufacture and decoration capabilities, Saverglass addresses the spirits, fine wine and perfume sectors.

Gras Savoye

Acquisition in 2009
Gras Savoye is risk adviser and insurance company. The company offers non-life insurance products, which include accident, liability, property and casualty, and transportation insurance products; specialized and tailor made insurance programs for accident.

Metalor

Acquisition in 2009
Metalor is a multinational industrial group operating in the precious metal sector. The company operates through 4 divisions and is specialized in the manufacturing of products and the supply of services based on precious metals.

PHOTONIS

Acquisition in 2008
Photonis Technologies SAS develops, manufactures, and sells photo sensor technologies for analytical instrumentation, defense, medical, nuclear instrumentation, security and surveillance, and space and physics markets in France and internationally. The company was formerly known as Photonis Holding SAS and changed its name to Photonis Technologies SAS in January 2010. The company was founded in 1937 and is based in Mérignac, France.

Trescal

Acquisition in 2007
Trescal is a unique player in calibration services, independent from OEMs with expertise in all metrological domains. Every site is wholly dedicated to provide calibration solutions to enhance your industrial performance.

SCT Telecom

Acquisition in 2007
SCT Telecom is specialist provider of telecoms solutions for SMEs and micro-companies. SCT is one of providers of telecoms solutions for SMEs and micro-companies and offers a full range of telephony services (service reselling, unbundling, VoIP, MVNO) via its network of branches across France. Mezzanis co-arranged the €10 million in mezzanine financing put in place during October 2007 to fund Astorg Partners’ leveraged buy-out (LBO) of SCT together with the group’s founders and management.

OGF SA

Acquisition in 2007
OGF, SA provides funeral services in France. The company operates funeral homes and crematoriums. It manufactures and sells coffins and coffin linings. The company also offers burial, crematorium management, monuments and cemetery works, pre-need insurance contracts, and coffin manufacturing. The company was founded in 1844 and is based in Paris, France. OGF, SA is a former subsidiary of ENGIE SA.

Webhelp

Acquisition in 2007
Webhelp is a customer experience provider that specializes in customer relationship management (CRM) outsourcing services across various sectors, including automotive, fashion, healthcare, financial services, and technology. Unlike traditional call centers, Webhelp focuses on creating comprehensive customer journeys by leveraging its expertise, skilled personnel, and advanced technology. The company is dedicated to engineering customer experiences that enhance brand performance and drive operational improvements. By partnering with clients, Webhelp aims to facilitate meaningful transformations in their operational models, delivering significant financial advantages and lasting results.

Ethypharm

Acquisition in 2007
Ethypharm is a specialty pharmaceutical company that focuses on developing and marketing products for pain management and addiction treatment. The company specializes in addressing central nervous system (CNS) conditions, particularly chronic pain and opioid dependence. Ethypharm offers a range of injectable medications designed to assist patients in critical care situations and effectively manage their pain and addiction challenges. Through its commitment to pharmaceutical innovation, Ethypharm aims to improve patient outcomes in these vital areas of healthcare.

Staci

Acquisition in 2006
Staci SAS is a logistics management company based in Saint-Ouen-l'Aumône, France, with additional locations across Europe and in the United States. Founded in 1989, Staci specializes in promotional advertising logistics, providing comprehensive services for commercial, advertising, and point-of-sale materials. The company offers a range of services including the management of marketing and communication campaigns, loyalty programs, and promotional merchandise. Staci also facilitates e-commerce supply chain operations, encompassing supply management, quality control, storage, order preparation, distribution management, and customer billing. The firm's expertise in logistics extends to transportation for sales campaigns and event logistics, ensuring tailored solutions that meet the evolving needs of its clients in a multi-channel distribution environment.

Onduline

Acquisition in 2006
Onduline is one of the world leading producers of roofing materials and systems.

Frans Bonhomme

Private Equity Round in 2000
Frans Bonhomme is a distributor of plastic pipes and fittings.