M&A Deal Summary

Castik Capital Acquires Andra Tech Group

On May 14, 2024, private equity firm Castik Capital acquired manufacturer Andra Tech Group from Equistone

Acquisition Highlights
  • This is Castik Capital’s 1st transaction in the Manufacturing sector.
  • This is Castik Capital’s 4th transaction in the Netherlands.

M&A Deal Summary

Date 2024-05-14
Target Andra Tech Group
Sector Manufacturing
Buyer(s) Castik Capital
Sellers(s) Equistone
Deal Type Secondary Buyout
Advisor(s) William Blair
PwC Corporate Finance (Financial)
Allen Overy Shearman Sterling (A&O Shearman) (Legal)

Target

Andra Tech Group

Oss, Netherlands
Andra Tech Group is a producer of high-tech precision mechanical components and modules for its international customer base, primarily in the semiconductor as well as aerospace, automotive, packaging, food, and medical industries. Andra Tech Group was founded in 1973 and is based in Oss, Netherlands.

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Buyer(S) 1

Buyer

Castik Capital

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.


DEAL STATS #
Overall 15 of 16
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 10 of 11
Country (Netherlands) 4 of 4
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 ParaDIGMA

Nieuwegein, Netherlands

ParaDIGMA is a fast-growing group of companies operating in the field of sustainable employability. Its occupational health and safety services provider argo advises takes a unique approach to absenteeism, leading to progressive and highly effective absenteeism and health policies within organizations. The group also offers psychological interventions, outplacement and reintegration, labor research and advice, and business training. ParaDIGMA is based in Nieuwegein, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 WATR Group

Bad Bentheim, Germany

WATR Group is a groundwater management and (ground-)water purification company encompassing dewatering and groundwater management services, mobile water purification, temporary pump installations, and related ground protection products. It operates Koop, Clausen, Ko-Mats, Buitenkamp, and BC-Envirotec. WATR Group was formed in 1969 and is based in Bad Bentheim, Germany.

Buy -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 199 of 203
Sector (Manufacturing) 7 of 7
Type (Secondary Buyout) 94 of 95
Country (Netherlands) 4 of 5
Year (2024) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Accès Industrie

Tonneins, France

Acces Industrie is a rental specialist of aerial work platforms and handling equipment. Acces Industrie is based in Tonneins, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-12 Small World

London, United Kingdom

Small World is a multi-channel, cross-border payment service provider. Small World’s technology-driven platform allows customers to make cross-border payments via its physical network of over 6,000 third-party send-side agents and 80 branches. Small World was founded in 2005 and is based in London, United Kingdom.

Sell -