Astorg
Astorg Partners is a private equity firm founded in 1998 and headquartered in Luxembourg, with additional offices in Europe and the United States. The firm specializes in investing in mature and mid-market companies across various sectors, including software, healthcare, manufacturing, aerospace, specialty chemicals, and business services. Astorg focuses on high-potential industrial and service companies, often those that are family-owned and led by entrepreneurial management teams. It typically makes control investments in small to mid-cap companies, seeking opportunities in areas such as corporate spin-offs and partial asset disposals from larger corporations. The firm generally invests between €5 million and €500 million in companies with enterprise values ranging from €20 million to €2 billion and annual revenues of €100 million to €1 billion. Astorg aims for a holding period of four to six years and prefers to maintain a majority stake in its portfolio, while also being open to minority investments.
Picard Surgeles
Private Equity Round in 2001
Picard Surgelés operates stores that retail frozen food. It has almost 900 retail stores in France. Picard Surgelés develops a food preservation technology that turns residual moisture in frozen foods into ice, eliminating microorganisms and allowing frozen foods to last longer at the shelves. It offers watermelon breads, vegetables, fruits, meat, fish, pastries, ice creams, desserts, salads, sauces, foie gras, meals, pasta, rice, and eggs dishes, as well as home delivery services. Raymond Picard founded Les Glacières de Fontainebleau in 1906, which became Picard Surgelés in January 1984, with its headquarters in Fontainebleau in France and branches in Luxembourg and Belgium. Picard Surgelés operates as a subsidiary of Picard Groupe.
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