Astorg to Acquire Majority Stake in Lebronze alloys

Astorg Acquires Majority Stake in Steliau

February 26, 2024

Industrial Services

Astorg, a European private equity firm, has signed an agreement to acquire a majority stake in Steliau, a pan-European value-added distributor (VAD) of electronic solutions, from B&Capital. Steliau, founded in 1992 and headquartered in Montrouge, France, employs more than 200 people across eight countries and will partner with Astorg to accelerate organic growth and execute a buy-and-build strategy.

Astorg Mid‑Cap Acquires 40% Stake in ARMOR‑IIMAK

May 4, 2022

Manufacturing

Astorg Mid‑Cap has completed an investment in ARMOR‑IIMAK, acquiring a c.40% stake while ARMOR‑IIMAK's Executive Chairman Hubert de Boisredon and the management team remain majority shareholders. Headquartered in Nantes, France, ARMOR‑IIMAK is the global leader in thermal transfer ribbons with ~1,600 employees across its global footprint; Astorg will support the company's growth, geographic expansion and future acquisitions.

Astorg to Acquire Majority Stake in Solabia Group

May 7, 2025

Biotechnology

Astorg has signed a definitive agreement to acquire a majority stake in Solabia Group from TA Associates, with TA reinvesting alongside Astorg. Solabia, a Paris-headquartered biotech ingredients manufacturer with 11 production sites, 8 R&D labs and over 900 employees, will partner with Astorg to accelerate international expansion (particularly in the US and Asia), advance product innovation and pursue targeted M&A.

Astorg Acquires Normec Group from Summit Partners

June 24, 2020

Industrial Services

Astorg has signed a definitive agreement to acquire Normec Group, a Netherlands-headquartered provider of testing, inspection, certification and compliance services, from Summit Partners. The deal — agreed in partnership with Normec management — is expected to close in Q3 2020; financial terms were not disclosed and Astorg said it will support Normec's international expansion.

Astorg Enters Exclusive Negotiations to Acquire Solina from Ardian

May 4, 2021

Food & Beverage

Astorg has entered exclusive negotiations to acquire a majority stake in Solina, the France-headquartered manufacturer of ingredient and seasoning blends, from Ardian. Solina's management will reinvest alongside Astorg as the company looks to accelerate growth and expand further, notably into the United States; terms were not disclosed and the deal is subject to regulatory approvals and workers' council consultation.

Astorg Acquires Majority Stake in Avania

June 20, 2022

Healthcare Services

Astorg has acquired a majority stake in Avania from Kester Capital, with Kester expected to retain a minority position and management also reinvesting. Avania, a Bilthoven-headquartered MedTech-focused clinical CRO, will use Astorg's capital and network to accelerate organic growth and pursue M&A to build a scaled, global MedTech CRO platform.