M&A Deal Summary

Astorg Partners Acquires Steliau Technology

On February 26, 2024, private equity firm Astorg Partners acquired electronics company Steliau Technology from B&Capital

Acquisition Highlights
  • This is Astorg Partners’ 3rd transaction in the Electronics sector.
  • This is Astorg Partners’ 35th transaction in France.

M&A Deal Summary
Date 2024-02-26
Target Steliau Technology
Sector Electronics
Buyer(s) Astorg Partners
Sellers(s) B&Capital
Deal Type Secondary Buyout

Target

Steliau Technology

Montrouge, France
Steliau Technology is a distributor of electronic components. The Company’s customer base consists of OEMs across a wide range of industries and end-markets. Steliau supports its customers through co-design and customization of components, subassembly, assembly as well as distribution of electronic solutions, notably within embedded systems, connectivity and power systems. Steliau Technology was founded in 1992 and is based in Montrouge, France.

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Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.

DEAL STATS #
Overall 65 of 67
Sector (Electronics) 3 of 3
Type (Secondary Buyout) 36 of 37
Country (France) 35 of 35
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 Sofico

Gent, Belgium

Sofico is a supplier of mission-critical software solutions for automotive finance, leasing, fleet, and mobility management companies, and its software is used by a broad range of renowned automotive mobility and financial services companies all over the world. Sofico was founded in 1988 and is based in Gent, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 Audiotonix

Chessington, United Kingdom

Audiotonix designs, engineerings, and manufactures professional audio mixing consoles, production software, and ancillary products. With pioneering solutions from premium audio brands Allen & Heath, Calrec, DiGiCo, DiGiGrid, Fourier Audio, Harrison, KLANG: technologies, Slate Digital, Solid State Logic, sonible, and Sound Devices, its products are used extensively in live sound, broadcast, theatre production, installations, houses of worship, TV and film production, music creation and recording studios. Audiotonix is based in Chessington, United Kingdom.

Sell -

Seller(S) 1

SELLER

B&Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 217M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

B & Capital is a private investment group that looks to support and grow French companies valued between €20 and €150 million. The Firm principally targets control minority stakes and will consider a variety of investment situations including standard buyouts, corporate carve-outs, and management buy-ins. Sectors of interest include business services, distribution, technology, and healthcare. B & Capital was formed in 2016 and is headquartered in Paris.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (France) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-10 Ika

Boulogne-Billancourt, France

IKA specializes in software solutions addressing the need for digital transformation of public finances management, for French-speaking African countries. Ika was founded in 2010 and is based in Boulogne-Billancourt, France.

Buy -
Mergr

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