M&A Deal Summary

The Astron Group Acquires Edotech

On April 7, 2004, The Astron Group acquired business services company Edotech from Equistone for 130M GBP

Acquisition Highlights
  • This is The Astron Group’s 1st transaction in the Business Services sector.
  • This is The Astron Group’s largest (disclosed) transaction.
  • This is The Astron Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-04-07
Target Edotech
Sector Business Services
Buyer(s) The Astron Group
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 130M GBP

Target

Edotech

Tewksbury, United Kingdom
Edotech Ltd. is a provider of transactional document processing solutions.

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Buyer(S) 1

Buyer

The Astron Group

London, United Kingdom
Category Company
Founded 1996
Sector Business Services
DESCRIPTION

Astron is Europe's premier integrated document solutions provider, combining world class Corporate Solutions with end-to-end Document Management and Marketing Support services. Astron is the UK's largest print and mail provider, delivering fully integrated document strategies to leading companies on a global scale.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

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 22 of 192
Sector (Business Services) 4 of 25
Type (Add-on Acquisition) 14 of 67
Country (United Kingdom) 16 of 84
Year (2004) 2 of 11
Size (of disclosed) 27 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Deb Group

Denby, United Kingdom

Deb manufactures and markets skincare products and dispensing systems for the industrial, automotive, healthcare, food and commercial sectors. The business has operations in 16 countries and its products are sold across 100 countries through a global network of distributors.

Buy £135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Saime SA

Saint Priest, France

SAIME is a medical company, strongly focused on innovation, which designs and manufactures compact, efficient, autonomous and technically advanced medical ventilators dedicated to improving the life quality of patients suffering from respiratory diseases.

Buy -
Mergr

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