Astorg takes majority stake in Acturis
European private equity firm Astorg has boosted its investment in Acturis to over the 50% threshold.
Co-founders Theo Duchen and David McDonald, along with the wider management team and staff, have kept a “sizeable minority” holding, the software house confirmed.
Astorg invested in the technology specialists in 2019 taking a minority stake as previous PE backer Summit Partners exited.
It has now signed up to own about 52% of the business.
When Astorg invested Acturis had 700 staff across five countries and four divisions. The totals now stand at 1,200 people across seven countries, supporting over
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