Charterhouse announces acquisition of ESTYA

Charterhouse Capital Partners has agreed to acquire ESTYA, a French company specialising in electronic fire safety and security systems.

The private equity firm will invest alongside ESTYA’s management, who will reinvest in the business, and Chequers Capital, which will retain a stake in the company after first investing in 2021.

The acquisition is subject to regulatory approval.

ESTYA’s operations and growth

ESTYA was founded in 1974 and provides electronic fire detection, smoke extraction, compartmentation, gas detection, and electric security solutions.

The Paris-headquartered company generates approximately €120 million in revenue and operates 15 agencies across France.

Since 2021, ESTYA has tripled in size and completed seven acquisitions.

Charterhouse’s investment strategy

Charterhouse focuses on mid-market investments across Europe, with a focus on the services and healthcare sectors.

The firm targets businesses with strong market positions and steady earnings growth.

Other recent investments by Charterhouse include Metrodora, a Spanish healthcare education group, Skin Tech Pharma Group, a B2B medical aesthetics company, and Two Circles, a technology-driven services and software business in the sports and entertainment sector.

Leadership perspectives on the acquisition

Cédric Barthélemy, Partner at Charterhouse, said: “We have been following ESTYA’s journey closely for some time and have been truly impressed by what Ludovic and his team have achieved to date.

“As a fast-growth, high quality and resilient mid-market company, ESTYA is exactly the type of business that we like to back at Charterhouse.”

Ludovic Goëta, CEO and Founder of ESTYA, said: “At ESTYA, we are focused on providing mission-critical services to our customers across the electronic fire safety and security system value chain.

“We have grown strongly in recent years and are confident that Charterhouse is the right partner, alongside Chequers Capital, to take us into our next stage of growth across France and into new European markets.”

Aurélien Klein, Managing Partner at Chequers Capital, added: “We are pleased to have found in Charterhouse the right partners to continue Chequers Capital’s investment in ESTYA.

ESTYA has grown significantly since we first invested in 2021 and we look forward to working hand in hand with Charterhouse to grow the business further in France and internationally.”

Charterhouse to acquire ESTYA, a French fire safety and security systems provider: Summary

Charterhouse Capital Partners has agreed to acquire ESTYA, a French provider of electronic fire safety and security systems.

The investment is made in partnership with ESTYA’s management and Chequers Capital, which will retain a shareholding following its initial investment in 2021.

The transaction is pending regulatory approval. ESTYA was founded in 1974 and operates 15 agencies in France, generating around €120 million in revenue.

The company has expanded through acquisitions, having tripled in size since 2021.

Charterhouse targets mid-market companies in Europe, focusing on services and healthcare.

Its investment in ESTYA aligns with its strategy of backing businesses with stable earnings and growth potential.

Charterhouse Partner Cédric Barthélemy, ESTYA CEO Ludovic Goëta, and Chequers Capital Managing Partner Aurélien Klein commented on the partnership, highlighting plans for continued growth in France and other European markets.