Astorg, a prominent pan-European private equity firm, has raised a €1.4 billion Continuation Fund in collaboration with CVC Secondary Partners, Pantheon, Lexington Partners, and Eurazeo. This fund aims to bolster the growth of Normec, a rapidly expanding player in the Testing, Inspection, Certification, and Compliance (TICC) industry. Normec, established in 2015, operates across Western Europe with 5,000 employees and over 70 acquisitions. The funding will support Normec’s strategic acquisitions and organic growth. The effort signifies continuous investor confidence in Normec’s business model and its role in enhancing safety and quality standards in a swiftly changing global environment.

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

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