Squire Patton Boggs has advised Astorg, a leading pan-European private equity firm, on legal due diligence regarding a proposed majority stake in Lebronze alloys (“the Company”), a global leader in the advanced materials space, in partnership with Michel Dumont, owner of the Company, who would remain a significant shareholder and Executive Chairman.
The team advising Astorg was led by corporate partners Anthony Guillaume (Paris), Maxime Dequesne (Paris) and Ben Squires (London) and included associates Victor Dransard and Inès Khanfir in Paris and an international multidisciplinary team in France, the UK, the US, Germany, China, Hong Kong, Poland and Switzerland.
Headquartered in Luxembourg, Astorg has offices in London, Paris, New York, Frankfurt, and Milan. The firm, with over €24 billion of assets under management, works with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth goals.
Lebronze alloys is a leading industrial group specializing in the production of semi-finished and finished products in technical high-performance copper and nickel alloys. Headquartered in France, Lebronze alloys offers a wide range of specialty copper alloys, each with specific properties (thermal resistance, ability to withstand frictions, conductivity, etc.) making them critical components in a large variety of systems and end-markets – including Aerospace, Medical devices, Energy, Electronics, and Luxury – for more than 600 customers across the world.
Through this investment, Astorg would closely collaborate with the management team as they continue to deliver on their strategy and support the acceleration of Lebronze alloys’ growth.
Definitive agreements for the acquisition would be entered into after information and consultation with employee representative bodies. The transaction would be subject to customary regulatory approvals and would be expected to close in the coming months.