Advised Metrologic Group, a leading provider of 3D measurement software solutions, on its sale to Astorg Partners
Apr 2015
(a portfolio company of The Carlyle Group)
acquired by
$250 million
  • Sector: Industrial Tech
  • Deal Type: Founder-led Businesses; Private Equity Deals
  • Engagement type: Sellside
  • Size: $250 million
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Metrologic Group (“Metrologic”) on its sale to French private equity fund Astorg Partners.

Metrologic, a Carlyle Group portfolio company founded in 1980 and headquartered near Grenoble in France, develops state-of-the-art 3D measurement software solutions for high precision testing by leading players in the automotive, aeronautics, industrial and a wide range of other industries. The company’s universally compatible metrology software delivers high performance solutions to around 4,000 customers in 40 countries.

This transaction demonstrates Arma Partners’ strength in European Technology M&A and outstanding track record in the software sector in particular.

– Founded in 1980, Metrologic is a world-leading 3D measurement software solutions provider

– In 2011, Carlyle Europe Technology Partners (CETP) acquired a 60% stake and subsequently delisted the company from Euronext

– Metrologic solutions are used by 4,000 customers across a wide range of industries in 40 countries

– The company is headquartered in Meylan, France

–Astorg Partners is an independent private equity fund, specializing in European mid-market buyouts, with total funds under management of over €2 billion

– Since its inception in 1983, Astorg conducted 34 buyout investments and realised 23 exits

– Astorg has offices in Paris, London and Luxembourg; plus Senior Advisors based in Holland, Switzerland and Germany

– Astorg acquired a majority stake from The Carlyle Group, the company’s founder Philippe Cimadomo and the management

– Philippe Cimadomo and the management team re-invested alongside Astorg Partners

– CEO, Bertrand Gili, and his team will continue to run and develop the company

– Astorg will support Metrologic in accelerating its international sales and strengthening its cutting-edge i-Robot solution

– Arma Partners supported the company in the exit process, including financial analysis, strategic positioning, valuation, marketing materials preparation and initiated contact with both strategic and private equity funds

– Astorg Partners emerged as the most attractive bidder for the business and Arma, together with the management team and Carlyle, consequently worked towards a very tight and compact timeline to complete the deal which pre-empted a wider auction process

– This transaction demonstrates Arma Partners’ strength in European Technology M&A and outstanding track record in the software sector in particular