We have advised ICG on its €110m investment in Astek, as part of a €560m total financing raised alongside HIG Capital, Apollo Capital Management and Partners Group.
ICG, a long-term investor and strategic partner, has invested €110m in Astek, a leader in engineering and technology consulting, to support the Group’s growth ambitions and active policy of targeted acquisitions. Additionally, Astek has secured a bond financing that could reach up to €450m, bringing together funds from HIG Capital, the Group's financial partner since 2021, Apollo Capital Management, and Partners Group.
Founded in 1988 in France, Astek is a global player in engineering and technology consulting, present on all continents. With its expertise in various industrial and service sectors, Astek supports its international clients in the intelligent deployment of their products and services and in implementing their digital transformation. Since its inception, the Group has built its development on a strong culture of entrepreneurship and innovation and on the support and upskilling of its 8,400 employees, who commit daily to promoting the complementarity between digital technologies and complex system engineering.
In 2023, Astek exceeded €600m revenue pro forma from acquisitions, such as a more than over 20% annual growth rate. The Group has strengthened its presence in thriving sectors like life sciences and consolidated its international presence, particularly with American clients and offshore capabilities.
Having achieved its 2024 ambitions two years ahead of schedule, Astek has set new milestones for 2027. It aims to double its revenue to €1bn with 14,000 employees, based on sustained organic growth, averaging close to over 15% per year, and the continuation of strategic acquisitions in niche expertise and promising markets.
