Andera Partners takes majority stake in Sotralu

The investment fund Andera Partners, via its Andera Expansion vehicle, signed an acquisition of 80 % of the European aluminium joinery accessories specialist Sotralu, completing the transaction in July 2026. The deal marks the full exit of Bridgepoint Capital, which previously owned 82 % of the group, and leaves the existing management team with the remaining 20 % equity stake. Financing is provided by a senior bank loan syndicate led by BNP Paribas, LCL and the Caisse d’Epargne, complemented by additional credit lines earmarked for industrial investments and future bolt‑on acquisitions. Sotralu generated a revenue of €25–50M in 2025, confirming the steady upward trajectory from €25 M a decade earlier. The company operates an integrated European platform composed of four production sites located in France, Italy and Portugal, and serves customers in 46 countries through a portfolio of high‑end opening systems, hardware and accessories. Growth to date has been driven by strategic acquisitions of Erreti (2013), GNS (2018) and FR Accessories (2023), each expanding the product range and geographic coverage. Andera Expansion IV, the fund behind the transaction, targets ticket sizes between €15 M and €40 M and adds Sotralu to a portfolio that already includes the Belgian aerospace group Sabena Aerospace. The strategic thesis is to consolidate Sotralu’s position among the leading European references for aluminium joinery accessories, accelerate product development through its in‑house engineering centre, increase cross‑selling opportunities across the group’s entities and pursue further external growth as a primary value‑creation lever. Transaction advisors were BNP Paribas, LCL and the Caisse d’Epargne for senior debt, Exelmans and Alantra for sell‑side financial advice, and UGGC, Hogan Lovells, Proskauer, BDO and CMS for legal support.

The acquisition of Sotralu is part of the growth strategy of Andera Partners, which already has several external growth operations under its belt, notably Spherea in 2025.