Paris/London – Paul Hastings LLP, a leading global law firm, announced today that it has advised Astorg, a leading European private equity firm with over €8 billion of assets under management, on the acquisition of a significant minority stake in Acturis Group, a leading supplier of insurance software, from Summit Partners. Acturis founders and employees will continue to own the majority of the company.
The Acturis Group was founded in 2001 and today comprises some 700 colleagues across five countries and four divisions. The full company announcement can be found here.
The Paul Hastings team was composed of Paris corporate partner Alexis Terray and associate Joséphine Fourquet; and London corporate partner Garrett Hayes and associates David Prowse and Catherine Kennedy.
Acturis was advised by Jefferies International and Dickson Minto (Bruce Dickson and Jordan Simpson).
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