Astorg, a prominent pan-European private equity firm, has successfully closed the Normec Continuation Fund with a capitalization of €1.4 billion. The fund, led by investors such as CVC Secondary Partners, Pantheon, Lexington Partners, and Eurazeo, along with other diverse investors, is intended to acquire and support Normec, a leading TICC (testing, inspection, certification, and compliance) services provider in Europe. Initially funded by Astorg VII in 2020, Normec has seen substantial growth, quadrupling its size via organic development and over 40 acquisitions since then. The fund aims to further bolster Normec’s expansion, buttressed by equity contributions from its leadership and Astorg’s deal team. This move follows Astorg’s €1.3 billion fund for IQ-EQ in 2022 and highlights a continuing strategic focus on supporting high-potential portfolio companies through targeted capital raises.

Private Equity, Testing, Inspection, Certification, and Compliance (TICC),Europe

https://www.cvc.com/media/news/2024/2024-07-10-astorg-raises-a-1-4-billion-continuation-fund-in-partnership-with-cvc-secondary-partners-pantheon-lexington-partners-and-eurazeo-to-support-portfolio-company-normec/