Astorg to acquire a majority stake in Steliau from B & Capital.

Astorg, a private equity firm, agreed to acquire a majority stake in Steliau, a manufacturer and distributor of electrical components, from B & Capital, a private equity firm specializing in growth capital and buy-out transactions. Financial terms were not disclosed. “Steliau is on its path to become the undisputed European leader in value added distribution of electronic solutions and is exactly the type of business that we like to partner with. The company aligns with our core investment approach of backing international B2B niche leaders and we are looking forward to working alongside Steliau’s management team to support their next stage of growth, leveraging on our extensive track-record in building leading Business Services companies through buy-and-build," Benjamin Cordonnier, Astorg Partner.