Astorg Hands New Leaders Half of Firm After ‘Internal LBO’

Astorg Partners has handed its newest partners a larger chunk of its equity as part of sweeping leadership changes at the €23 billion ($26 billion) private equity firm.

The new generation of leaders now hold almost 50% of the European firm, according to Benjamin Cordonnier, who was last year appointed as co-managing partner alongside Judith Charpentier.