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Announced

Astorg Partners to acquire Normec Group from Summit Partners.

Financials

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Transaction Value£317m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.6x
EV/EBITDA15x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Netherlands

Private

Test Inspection and Certification (TIC)

Private Equity

Pending

compliance solutions

testing and inspection

Majority

Single Bidder

Disposal

Mbo

Cross Border

Synopsis

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Private equity firm Astorg Partners agreed to acquire Normec Group, a provider of testing, inspection, certification and compliance services headquartered in the Netherlands, from Summit Partners, a global growth equity investor. Financial terms were not disclosed. "Over the past years, we have spent significant time reviewing the testing, inspection and certification space through which we have identified Normec. Normec’s leading position in its highly attractive core markets is a strong fit with Astorg’s investment strategy, and we are very excited to support Normec’s international expansion," François de Mitry, Astorg Managing Partner.

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