24/03/2010
Astorg Partners announces today the sale of Geoservices, a French oil field services company, to Schlumberger (NYSE : SLB). The deal, subject to the final approval of regulatory authorities, will be concluded on the basis of a US$ 1.07 billion enterprise value.
Astorg sells Geoservices to Schlumberger
01/12/2009
Gathering the views of 270 top-managers of growth companies in June 2009, the first Croissance Plus / Astorg Partners barometer reveals that fast growing SMEs are preparing for economic recovery but remain conservative for the moment despite optimistic medium term prospects.
2nd Croissance Plus - Astorg Partners barometer
18/11/2009
Astorg has signed an agreement with the original family shareholders of Gras Savoye & Cie and with Willis Group Holdings Limited, the global insurance broker, to reorganize the capital of Gras Savoye through a leveraged transaction. Gras Savoye is the largest insurance broker in France and the 9th world broker, with offices in 36 countries in Europe, Africa, Middle-East and South East Asia.
Astorg acquires 33.3% of Gras Savoye
21/09/2009
Astorg Partners has signed a definitive agreement with a group of Swiss private investors, for the acquisition of a majority stake in Metalor Technologies International SA (MTI). The two largest investors will roll-over the totality of their proceeds into the new transaction. MTI’s management team, led by its CEO Scott Morrison, will also become a significant shareholder along-side Astorg Partners.
Astorg Partners acquires Swiss Group Metalor
02/07/2009
Gathering the views of 225 top-managers of growth companies in June 2009, the first Croissance Plus / Astorg Partners barometer reveals the impact of the crisis on the activity of this type of company. It shows nevertheless that they maintain their ambitions of development and will therefore play a driving role in the economic rebound.
Barometer Croissance Plus / Astorg Partners
10/06/2009
Trescal becomes Nr 1 in calibration services in the United Kingdom thanks to the acquisition of ASAP Calibration and QEMS assets from QinetiQ Group.
The acquisition consists of 3 laboratories and around 10 LCS (local customers support) spread throughout the country giving Trescal a best-in-class service range and a greater geographical coverage.
Trescal Build-up in the UK
08/01/2009
Astorg Partners, the independent French private equity firm specialising in midcap LBOs, is pleased to announce the appointments of Alexandre Vannelle and Olivier Binet as Associate Directors, and the appointment of Edouard Guigou as Associate, as of January 1st, 2009.
A. Vannelle, O. Binet and E. Guigou promoted
14/10/2008
Astorg Partners, the independent French private equity investment team specialising in midcap LBOs, is pleased to announce the appointment of Christian Couturier as Partner from 1st October, 2008.
C. Couturier appointed Partner
26/09/2008
The Staci Group has acquired 51% of Logista France. It is taking over and managing Publidispatch, the joint operating subsidiary. The Staci Group has just completed the acquisition of Logista France from Logista Spain (company listed in the Madrid Stock Exchange). Logista France is specialized in the logistics of promotional publications, the retail logistics of finished products with high traceability and added-value, B to C logistics, E-commerce and Web shops.
Staci acquires 51% of Logista France
24/07/2008
Astorg Partners signed with AXA Private Equity a contract to acquire Photonis. Astorg Partners will be the new majority shareholder together with the management team. Photonis is a high technology international industry group specialized in photo-detection.
Acquisition of Photonis
04/02/2008
Astorg Partners, the French independent private equity investment team, specializing in mid-cap LBOs, is pleased to announce the appointment of Frédéric Sebbag as Director, as of January 1st, 2008.
F. Sebbag is appointed Director
30/11/2007
Onduline Group, backed by Astorg Partners and ABN AMRO Capital France, announces a €65M Natixis-led leverage recapitalization, which will enable the company to significantly reduce its total cost of borrowing through the repayment of the whole mezzanine debt and of a major part of the convertible bonds held by the shareholders.
Refinancing of Onduline
27/11/2007
Astorg organizes the carve out of Air Liquide’s Metrology division, in partnership with Trescal’s management. Trescal, the European leader in metrology provides calibration services and pooled management services for testing and measuring equipment. Trescal operates in 7 European countries: Denmark, France, Germany, Italy, Spain, Sweden and the Netherlands.
Acquisition of Trescal
24/10/2007
Astorg Partners announced that it became a shareholder of SCT TELECOM, one of the French leaders in the field of telecom management and cost reductions for SMEs. Upon completion of the transaction the funds managed by Astorg Partners will hold a 52% stake and the management team, led by the company founder, Pascal Chaboisseau, will retain the balance of the capital.
Acquisition of SCT Telecom
18/10/2007
After the approval of the transaction by the competition authorities, Astorg Partners announced that it had finalized the takeover of OGF Group, the French leader of funeral services. The transaction was closed on October 11 in partnership with the management team led by Philippe Lerouge, OGF’s President and CEO and Vestar, that is reinvesting alongside Astorg and the management.
Acquisition (closing) of OGF
17/09/2007
Thanks to his excellent operating performance in a growing market, the Geoservices group, world leader in “mud logging” and other value-added services for the monitoring and maintenance of oil wells, carried out a successful debt restructuring only two years only after its purchase by Astorg Partners.
Refinancing of Geoservices
31/07/2007
Astorg Partners and Vestar Capital Partners announced today that they have signed a definitive agreement for the acquisition by Astorg of OGF Group, France’s leading funeral services provider. Astorg will invest alongside of the management team led by Philippe Lerouge, OGF’s President and CEO, and will invite all OGF employees to become shareholders in the company.
Acquisition (signing) of OGF
14/06/2007
Astorg Partners announced it took a controlling stake in the Webhelp Group, one of the French leaders in the management of outsourced client relationships. The two founding managers of the company, Frederic Jousset and Olivier Duha, are increasing their holdings on this occasion, which was also an opportunity to extend the shareholding to the whole management team and to a large number of salaried employees. Barclays Private Equity remains as shareholder to support this new growth phase.
Acquisition of Webhelp
10/04/2007
Astorg Partners announces today the acquisition of the Groupe Ethypharm, one of the world leaders in the development and manufacturing of oral “Drug Delivery Systems” (DDS) for the pharmaceutical industry. Astorg holds 60% of Ethypharm. Gérard Leduc and the management team will retain a significant equity interest of 29% in the company. Intermediate Capital Group and other investors will hold the remainder of the equity.
Acquisition of Ethypharm
20/02/2007
Astorg Partners, the independent French private equity investment team specialising in mid-cap LBOs, is pleased to announce the appointment of Frédéric Sebbag as Associate Director from 20 February 2007.
F. Sebbag is appointed Associate Director
05/10/2006
Astorg and the management team have just sold CIS (Comptage Immobilier Services) to Ista International GMBH. CIS is the leading French facility management company active in the sub-metering industry where it provides water and heating meter management services for collective housing used by building mangers. CIS is also present in water network refurbishment and tap maintenance.
Divestment of CIS
14/09/2006
Astorg Partners has concluded an agreement on the acquisition of Groupe STACI from the group’s founding-director, Jean-Pierre Masse, the investment company Initiative & Finance, executive directors and private shareholders. Upon completion of the deal, Astorg will hold 51% of the capital and 59% of the voting rights in the new holding company.
Acquisition of Staci
20/07/2006
Astorg Partners has signed an agreement paving the way for Montagu Private Equity to acquire a majority stake in Sebia International. Sebia is a key global player in clinical electrophoresis, a specialized segment of the in-vitro diagnostics industry. Astorg, which acquired Sebia in 2001 in partnership with management and employees, will retain a 16% equity interest alongside the company’s management, which will hold 20%.
Divestment of Sebia
12/07/2006
Jean-Hubert Vial joined the Astorg Partners investment fund as Investment Director. Previously, Jean-Hubert Vial was a Director within the Mergers and Acquisition Department of Rothschild & Co, where he worked for six years.
Recruitment of J.H. Vial
19/06/2006
Industri Kapital has signed an agreement with Astorg Partners, ICG and management to join the shareholding structure of Cerba European Lab (“Group Cerba”), the leading French medical testing group, as a majority shareholder.
Divestment of Laboratoires Pasteur Cerba
10/04/2006
Astorg Partners and the founders have just sold the whole capital of Régie Linge to the Sagard investment fund. With sales of 30 million euros when it was acquired by Astorg Partners in 1998, the active “build-up” strategy carried out by Astorg turned Régie Linge into a completely integrated group with 24 entities in France producing hygiene products as well as stain-resistant carpets, after acquiring ten regional companies.
Divestment of Régie Linge
03/04/2006
Astorg Partners, 21 Centrale Partners and Cogepa sold all their investment in Mecatherm to funds managed by Alpha. Created at the beginning of the seventies by Rene Voegtlin, an outstanding entrepreneur, Mecatherm is the uncontested world leader for integrated bread production lines, mainly for large production runs of pre-cooked and frozen products.
Divestment of Mécatherm
27/03/2006
Astorg Partners and ABN Amro Capital France announced they acquired Group OFIC together with the management team, led by Jean-Louis Roques. OFIC, headquartered in Paris, is the holding company of the Onduline Group. Created in 1944, Onduline is a world leader in the manufacturing and marketing of roofing materials, mainly under-roof panels and roof panels containing bitumen.
Acquisition of OFIC-Onduline
07/07/2005
Astorg Partners led the purchase of 100% of the capital of Geoservices Group from Gaston Rebilly, the founder (Géofinance Group - 59,2%), the IFP (33,6%), SGAM 4D (5,5%) and the company’s employees. Geoservices provides consulting and advisory services to companies involved in oil and gas exploration and drilling.
Acquisition of Geoservices
04/04/2005
Astorg Partners has closed its new fund, Astorg III, in the first quarter of 2005, reaching its target of EUR300m. Astorg now joins the 5-member « club » of French independent LBO firms that have raised funds of EUR 300m or more.
Final Closing of the Fund Astorg III
Astorg Partners
68 rue du Faubourg Saint Honoré 75008 PARIS
Tel: +33 (1) 53 05 40 50
Fax: +33 (1) 53 05 40 57
Mail: info@astorg-partners.com
Legal terms
Fund management company – regulated by AMF - Approval n° GP 98-36