ASTORG PARTNERS' background
ASTORG PARTNERS is an independent fund management company, wholly owned by its three founding partners, who together form the Investment Committee.
1983-1989
ASTORG Companie d'Investissements was created as a joint venture between SUEZ and state-owned Institut de Développement Industriel (IDI).
ASTORG’s mission was to execute development capital deals in small enterprises.
Listed on the French stock exchange, ASTORG became a portfolio management company with EUR180m of shareholders' funds under management and maintained its expansion capital investment strategy.
1990-1997
SUEZ acquired 100% of ASTORG and the company was delisted.
ASTORG's assignment was then to liquidate the existing portfolio while investing greater amounts in new private equity deals, with a closer, more hands-on approach.
ASTORG then began to structure majority and co-majority leveraged buyouts, with a clear commitment to bring in additional value through the active support - by means of strategic advice, financial structuring and staged additional capital infusions - to all internal and external growth initiatives.
In this way, ASTORG acquired and capitalized its LBU structuring skills.
1998
The ASTORG team organizes its spin-off from SUEZ, establishes ASTORG PARTNERS, and raises its first independent Fund Astorg II., a EUR185.000.000 buyout fund.
2004
Astorg Partners raises Astorg III, a EUR300.000.000 buyout fund.