FRANCE - Astorg Partners acquires Photonis from AXA Private Equity

AXA Private Equity appointed BNP Paribas Corporate Finance as exclusive M&A advisor for the transaction, which remains subject to the approval of several countries’ administrative authorities, including anti-trust authorities. Meanwhile ING Bank has been appointed as global mandated lead arranger, sole bookrunner and agent for the financing of the transaction.

Photonis was spunout 2001 from Netherlands-based Philips, with this being followed by five add-on acquisitions: Netherlands-based Delft Electronic Products B.V and US-based Burle Industries Inc. in 2005, the assets of Antheryon in 2006, Netherlands-based Hi-Light Opto Electronics B.V. in 2007 and the assets of UK-based Brennel Glass Ltd.

The company specialises in photo sensor technology for night-vision, industrial, scientific and medical imaging applications. Photonis employs some 1000 staff worldwide and operates five production facilities in France, Netherlands, USA, and Mexico. The group forecasts a EUR 130m turnover in 2008.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Industrials