Astorg to Acquire Majority Stake in Solabia Group

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 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 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.

Astorg Acquires Majority Stake in Corialis from CVC Capital Partners

March 30, 2021

Building Products

Astorg has agreed to acquire a majority stake in Belgian aluminium systems manufacturer Corialis from CVC Capital Partners Fund VI, with management reinvesting alongside the buyer. The deal was financed with an inaugural ESG-linked syndicated Term Loan B of more than €1 billion and positions Astorg to support Corialis' industrial investment programme, broaden its product offering and pursue international growth. Corialis is headquartered in Lokeren, Belgium and employs approximately 2,700 people across eight sites.

Astorg Increases Stake in Acturis

July 2, 2024

Cloud & SaaS

Astorg has agreed to acquire an additional stake in Acturis and will now own approximately 52% of the company, becoming the majority shareholder. Acturis' founders and management remain significant minority shareholders and will partner with Astorg to support the company's international growth and continued expansion of its insurance-focused SaaS platform.

Solina Acquires Food Compounds B.V.

October 6, 2021

Food & Beverage

French savoury-ingredients group Solina (majority-owned by PE firm Astorg) has completed the acquisition of Food Compounds B.V., a Netherlands-based specialist in powder-based premixes and coating systems for potato processors. The deal strengthens Solina's coating expertise and R&D capabilities as part of its ongoing expansion strategy; financial terms were not disclosed.