Astorg acquired Surfaces Technological Abrasives from Xenon Private Equity

15 February 2022

Fineurop Soditic advised Astorg Partners in the acquisition of a further 40% stake in Surfaces Technological Abrasives from the private equity firm Xenon.

Company:

Surfaces Technological Abrasives

Transaction:

Acquisition

Sector:

Industry

Date:

May 17 2017

Country:

Italy

Activity:

Ceramic surface processing & finishing tools

Established in 1980 and based near Vicenza, ADI is a leading player in diamond tools addressed to a wide number of industries. The transaction will create a new leading group in the abrasives technology business with total sales of around €55 million. Fineurop Soditic assisted Surfaces Technological Abrasives, leading Italian provider of ceramics-working equipment controlled by the P.E. fund Xenon Private Equity VI, in the acquisition by ADI.

 

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