Astorg

𝗔𝘀𝘁𝗼𝗿𝗴 𝟮𝟬𝟮𝟰 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗙𝗢 𝗙𝗼𝗿𝘂𝗺   Astorg recently held its third Annual CFO Forum in London. We had the pleasure of welcoming representatives from more than 20 of our portfolio companies for a moment of insights and sharing. The forum was packed with dynamic sessions and thought-provoking panels led by renowned experts. We delved deep into a variety of topics, including:   🔎 Economic Outlook: analyzing current trends and future projections to navigate the evolving financial landscape. 🦾 AI Strategies for CFOs: exploring cutting-edge AI technologies and their applications in financial management. 💡 Cash Management: best practices for optimizing liquidity and ensuring financial stability. 📈 Value Growth Planning: innovative approaches to drive sustainable growth and enhance company value. 🌍 CSRD Implications for ESG Reporting: understanding the latest regulations and integrating ESG considerations into financial reporting.   At Astorg, we believe in the power of collaboration and our CFO Forum exemplifies our commitment to fostering a strong, connected community of financial leaders who are equipped to drive innovation and success in their respective fields. Together with our CFO community we exchanged insights, fresh perspectives, shared best practices, and actionable strategies.   A big thank you to all our speakers, panelists, and attendees!   Thibault Veber, Alexandre F., Parinaz Bhot, Edouard Pillot, Benjamin Cordonnier, Viviana Occhionorelli, Valerie Legat   #AstorgCFOForum #StrategicFinance #PortfolioGrowth #FinanceLeadership #Innovation

📣 𝗔𝘀𝘁𝗼𝗿𝗴 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗡𝗲𝘄𝘀 Astorg is pleased to share that its portfolio company Corden Pharma - A Full-Service CDMO has announced its largest strategic investment to date - with a committed spend of ~€900m over the next three years to grow its Peptide technology platform both at its Colorado site and in Europe.   CordenPharma is a CDMO partner supporting biotech and pharma innovators of complex modalities in advancing their drug development lifecycle.    Supported by Astorg since its acquisition in 2022, CordenPharma has strongly accelerated its transformation and is committed to pursuing its ambitious growth plans aiming to reach ~€1bn sales mark for its pioneering Peptide Platform, and ~€1.8bn total group revenue by 2028.    This expansion will meet the pharmaceutical industry’s most stringent quality and technical standards for short and long peptide manufacturing, including BLA requirements, and will help to strengthen CordenPharma's market leadership position.   🎙 Judith Charpentier, Co-Head of Astorg's Flagship Fund & Head of Healthcare: “CordenPharma has a unique opportunity to reinforce its leadership position in peptides with unmatched capacity and performance in large scale manufacturing. With the company’s proven track record and our investor experience in pharmaceutical services, we feel confident that our latest commitment will help the company seize this opportunity.”   Congratulations to Michael Quirmbach and the entire CordenParma’s team!   👇 Read more about CordenPharma’s transformational peptide platform expansion by clicking the link below.   #PrivateEquity #Growth #Healthcare #CDMO #Peptides #Pharmaceutical #Innovation   Dr. Signe Michel Antoine Thomas Olivier Gourgue Michael Quirmbach Brian McCudden

📣 𝗔𝘀𝘁𝗼𝗿𝗴 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗡𝗲𝘄𝘀 Astorg is pleased to announce the 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗰𝗹𝗼𝘀𝗶𝗻𝗴 𝗼𝗳 𝘁𝗵𝗲 Normec 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗙𝘂𝗻𝗱 𝗮𝘁 €𝟭.𝟰𝗯𝗻 in partnership with CVC Capital Partners, Pantheon, Lexington Partners and Eurazeo alongside a diverse group of additional investors, including sovereign wealth funds, pension funds, asset managers, and family offices.   Normec is a leading, pan-European independent Testing, Inspection, Certification, and Compliance (TICC) player that employs over 5,000 people across 6 European countries.    Since Astorg’s initial investment in 2020, Normec has performed strongly, more than quadrupling its size, thanks to solid organic growth and a successful acquisitive strategy (40 acquisitions), with international expansion across 4 verticals. The Continuation Fund raised includes substantial additional capital to further support Normec’s organic growth initiatives and acquisitions.   🎙️ Francois de Mitry, CIO of Astorg: “Following the €1.3bn continuation fund raised to support IQ-EQ in 2022, establishing our second continuation fund for Normec marks a significant milestone for Astorg, and we are grateful to our existing and new partners for their support. We are thrilled to continue our partnership with Normec as it embarks on its next phase of growth, and we thank Joep Bruins – CEO of Normec - and his team for their dedication and renewed trust.” 👇Read the full 𝗣𝗿𝗲𝘀𝘀 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 by clicking the link below.    #PrivateEquity #Deal #ContinuationFunds #TICC #InternationalGrowth   Benjamin Cordonnier Mariann Ternai Joep Bruins Britt Schuurs Robert Wolff Frederik Bernoski Jean Raby Thierry Timsit Samia Hadj Niels Langereis Lazard Jefferies

📣 𝗔𝘀𝘁𝗼𝗿𝗴 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗡𝗲𝘄𝘀 Astorg is pleased to share that it has signed an agreement to acquire a further stake in Acturis and will now own approximately 52% of the capital of the company. Alongside Acturis management and colleagues, the co-founders, Theo Duchen and David McDonald, will remain significant shareholders with a sizable minority stake, and continue to partner closely with Astorg to support existing clients and drive the company's international growth.   Acturis is a leading supplier of insurance software and has seen strong growth since Astorg first invested in the company in 2019, expanding into Germany, France, Canada, Ireland, and the United States and accelerating development of industry leading products and services to meet the growing demand for electronic trading of insurance policies.    Astorg’s increased investment represents a doubling down on the long-term opportunities we see in Acturis, notably through organic growth as well as a global acquisition strategy.   🎙️Benoit Ficheur says: “Acturis is a very unique software company with the exact qualities that we look for in a partner, including a high-quality team and strong fundamentals. This reinforced partnership will enable us to support Acturis in its accelerated growth. We have been lucky to work with Acturis over the last 5 years and we look forward to continuing working alongside Theo, David, and the wider team to support existing customers and further expand by entering new markets and segments of the industry.”   👇Read the full 𝗣𝗿𝗲𝘀𝘀 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 by clicking the link below.   #PrivateEquity #Deal #Software #Insurance #InternationalGrowth   Henry Davies Max Loick Jean Raby Francois de Mitry Thierry Timsit Theo Duchen David McDonald Tony Goddard Hayden Parra Jeff McCracken Mark Davies Shay Bhatia Caroline South Andrew Passfield Olivier Gourgue

🌍 𝗔𝘀𝘁𝗼𝗿𝗴'𝘀 𝟮𝟬𝟮𝟰 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲    At Astorg, sustainability principles are embedded in everything we do, all the way from our investment process to our engagement with our portfolio companies, to our own company culture.    🎙 Viviana Occhionorelli, Partner, Head of Sustainability says: “Built on years of dialogue with our LPs, portfolio companies, peers and business partners, Astorg’s sustainability strategy is focused on strengthening long-term performance and value creation across our portfolio”.    Our latest report showcases the significant steps we've made toward building a more sustainable future. Some of the key 2024 highlights include:   𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗩𝗮𝗹𝘂𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻 Sustainability now sits squarely within our newly created Portfolio Performance function - headed by Benjamin Cordonnier - underscoring its role in driving value.     𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗔𝗰𝘁𝗶𝗼𝗻 44% of our portfolio companies' GHG emissions are now covered by SBTi targets.    𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 & 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻   28% of board members appointed by Astorg are women, reinforcing our commitment to Diversity, Equity and Inclusion.    𝗖𝗹𝗶𝗲𝗻𝘁 𝗖𝗲𝗻𝘁𝗿𝗶𝗰𝗶𝘁𝘆 Keeping close to our investors and ensuring all stakeholders’ interests are aligned is key. We launched a dedicated investor event focused on sustainability alongside our annual portfolio gathering.    𝗔𝘀𝘁𝗼𝗿𝗴 𝗙𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 Over €800,000 allocated via our Foundation to 14 organizations across 6 countries, making a tangible difference in communities. Thank you to our portfolio companies Normec, Solina, Corialis Group and Corsearch for their precious contribution to our report. Thierry Timsit, Jean Raby, Sonia D'Emilio, Judith Charpentier, Lorenzo Zamboni, Marc Rocaniere, Valerie Legat, Alexandre F., Parinaz Bhot, Nathalie Medawar, Cristina Spiller, Michel Sudol, Philip Sheppard #PrivateEquity #ResponsibleInvesting #Sustainability #ESG #DEI #Climate    👇Read our 2024 Sustainability Report here.

📰 𝗣𝗿𝗲𝘀𝘀 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 Astorg 𝗶𝘀 𝗽𝗹𝗲𝗮𝘀𝗲𝗱 𝘁𝗼 𝘄𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝘄𝗼 𝗻𝗲𝘄 𝘀𝗲𝗻𝗶𝗼𝗿 𝗵𝗶𝗿𝗲𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗳𝗶𝗿𝗺: Chris Benson, Partner for the Mid-Cap Fund, leading the Business Services sector across Europe, and Daniel Pang, Managing Director in the Healthcare team for the Flagship Fund. 🎙️ Lionel de Posson and Edouard Pillot, Co-Heads of Astorg Mid-Cap: “We are delighted to welcome Chris to the team. His deep industry knowledge and network, as well as his investment track-record, will be very additive to our team as we continue to strengthen our focus on business services across Europe. Astorg has already built a strong track-record in the sector, and we see great investment opportunities ahead in the middle market. Chris’ personality and experience fit very well with Astorg’s entrepreneurial and thematic approach to investing, and we look forward to working with him.”   🎙️Judith Charpentier, Head of Healthcare and Co-Head of Flagship Fund: “Daniel has a wealth of experience identifying and building value across many sub-sectors of the healthcare industry and we are pleased to have him on board. His expertise will be a great asset as we continue to capitalise on the vast opportunities within the healthcare sector and deliver on our mission to build global B2B niche leaders in the space.” They both bring deep industry knowledge across their areas of specialization and reflect our commitment to reinforcing our investment expertise and expanding our strategic reach in key sectors. 👇𝗧𝗼 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗽𝗿𝗲𝘀𝘀 𝗿𝗲𝗹𝗲𝗮𝘀𝗲: click on the link below. 

🎥 🎬 𝗔𝘀𝘁𝗼𝗿𝗴 𝟮𝟬𝟮𝟰 𝗔𝗻𝗻𝘂𝗮𝗹 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 Astorg recently held its 𝗔𝗻𝗻𝘂𝗮𝗹 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 at Fondation Louis Vuitton, in Paris, welcoming over 200 participants, including Astorg’s top investors across Europe, the US, and Asia. 📌 𝗢𝗻 𝘁𝗵𝗲 𝗔𝗴𝗲𝗻𝗱𝗮: ▪️Break-out sessions with Astorg portfolio company CEOs ▪️Key insights into the Astorg portfolio  ▪️Fund performance and outlook  ▪️How to adapt to the Private Equity ever-changing landscape  ▪️Growth and innovation stories about Astorg’s investments in its key sectors  ▪️Deep dive into value creation plans and digital and ESG transformation These are some of the themes discussed during our Annual Meeting moderated by our Master of Ceremony Asha Sumputh   🏆 To wrap-up our 2024 AGM, we were honored to host 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗽𝗼𝗿𝘁 𝗹𝗲𝗴𝗲𝗻𝗱𝘀 – 𝗧𝗵𝗶𝗲𝗿𝗿𝘆 𝗛𝗲𝗻𝗿𝘆 𝗮𝗻𝗱 Tony Parker – 𝗮𝘀 𝗼𝘂𝗿 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗚𝘂𝗲𝘀𝘁𝘀. Their insights on achieving peak performance and breaking records in football and basketball were inspiring and resonated deeply with Astorg’s main characteristics such as focus, discipline, excellence, resilience.    🤝 𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘁𝗼 𝗮𝗹𝗹 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁𝘀 𝗮𝗻𝗱 𝗳𝗼𝗿 𝗯𝗲𝗶𝗻𝗴 𝗮𝗻 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝗹 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗔𝘀𝘁𝗼𝗿𝗴 𝗷𝗼𝘂𝗿𝗻𝗲𝘆. 🎬 Watch the 𝗯𝗲𝘀𝘁-𝗼𝗳 𝘃𝗶𝗱𝗲𝗼 to relive this great event!  ***** Thierry Timsit Francois de Mitry Jean Raby Judith Charpentier Lorenzo Zamboni Lionel de Posson Edouard Pillot Benoit Ficheur Benjamin Cordonnier Viviana Occhionorelli Valerie Legat Ludovic Blanquet Sebastiaan V. Samia Hadj Mark Preskop from IQ-EQ, Marc Hämel from NEMERA, Michael Quirmbach from Corden Pharma - A Full-Service CDMO, Christopher Fikry, M.D. from Clario With the support of our event partners: FinEvents Minds LB Groupe - 🌟 Conseil éditorial - Production - Diffusion/WebTV 🎥

📰 𝗜𝗻 𝘁𝗵𝗲 𝗠𝗲𝗱𝗶𝗮 Astorg is pleased to 𝗺𝗮𝗸𝗲 𝗶𝘁𝘀 𝗲𝗻𝘁𝗿𝘆 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗧𝗼𝗽 𝟱𝟬 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗳𝗶𝗿𝗺𝘀 in the 𝟮𝟬𝟮𝟰 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 Private Equity International’s 𝗿𝗮𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱’𝘀 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗳𝗶𝗿𝗺𝘀. Each year, the PEI 300 ranking provides an overview of GPs' fundraising activities through a wide lens, examining capital-raising totals over the past five years' highs and lows. The top 10 alone raised $741 billion, up more than $10 billion from the previous ranking. Our ranking has risen by 11 places since the 2023 edition and being recognised as one of the Top 50 Private Equity firms worldwide is a significant milestone in Astorg’s growth journey. Some highlights over the past year include closing our flagship fund, Astorg VIII, with a total committed capital of €4.4 billion, making it our largest fund to date, but also strengthening our team with new senior hires in strategic areas - such as investment, investor relations, and digital – and appointment of new members to our Executive Committee, paving the way for the next generation of leaders. The Astorg team remains dedicated to delivering on our mission: generating long-term performance, driving value creation, and fostering innovation as we build the global B2B niche leaders of today and tomorrow. A big thank you to our investors and portfolio partners, who we are proud to work alongside. 👉To read the full PEI report and ranking follow this link: https://lnkd.in/gid7hvp #PEI300 #PrivateEquity #Ranking

🔜 𝗦𝘂𝗽𝗲𝗿𝗥𝗲𝘁𝘂𝗿𝗻 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹, 𝗕𝗲𝗿𝗹𝗶𝗻, 𝗝𝘂𝗻𝗲 𝟰 – 𝟳 The Astorg team is looking forward to engaging with you at SuperReturn International in Berlin next week! This landmark event attracting over 3,000 LPs and leaders in private equity and alternative investing will delve into the top trends shaping our industry, including GenAI, sustainable investing, and the evolution of private equity during challenging times. If you’re attending SuperReturn International, we invite you to visit our booth and/or connect with our team members on the ground – Lionel de Posson Edouard Pillot Judith Charpentier Michal Lange Sebastiaan V. Reinard Volschenk Corinne Schreiber Joséphine Loréal Samia Hadj Alexandre Dussaucy Molly Adams Paul Ansah Tori Steward Join us for meaningful discussions and networking opportunities! #SuperReturn #PrivateEquity #Astorg #Networking #Investment

📰 𝗜𝗻 𝘁𝗵𝗲 𝗺𝗲𝗱𝗶𝗮   Thierry Timsit, CEO of Astorg spoke with Alexandre Garabedian and Florent Le Quintrec from L'AGEFI for an exclusive interview. Thierry shared his views on the private equity industry, the market environment, and gave an insight into Astorg’s business and corporate development. Amid a tough dealmaking market over the past few years, Astorg has proven resilient by doubling down on its commitment to investing in high quality assets and prioritising value creation.    🎙 Thierry Timsit says: “In 2024, everything changes. Interest rates have peaked and are stabilizing, reducing volatility, excluding exogenous factors. The value of the assets is now known, and deals are starting again. Transactions will first restart on the most attractive companies. Astorg is well positioned to take advantage of this as we invest in B2B companies with global reach and leadership positions in niche markets, across our four key sectors: healthcare, technology, business services and industrials.”   👇 To read the full interview published in L’Agefi Private Equity, please click below. Scroll to page 7 to read the English translation.