Astorg Partners to acquire a majority stake in Solabia Group from TA Associates.

Astorg Partners, a fund management company, agreed to acquire a majority stake in Solabia Group, a manufacturer of natural active ingredients for the cosmetic, pharmaceutical, nutraceutical and microbiology industries, from TA Associates, a private equity firm. Financial terms were not disclosed. Astorg will partner with TA to support Solabia in executing its growth plan, focused on international expansion and product innovation, through a combination of organic initiatives and targeted M&A.