Stella.Group Acquires CRH’s Shutters & Awnings Platform

June 19, 2019

Willkie represented PAI Partners, the owners of Stella Group, in the transaction.

It was recently announced that Stella.Group, backed by Willkie client PAI Partners since January 2019, agreed to acquire the shutters & awnings platform of CRH (CRH S&A). The acquisition marks a milestone in the transformation of Stella.Group into an international leader in the sector.

With 2018 sales in excess of €200 million, CRH S&A is one of the largest producers of shutters, awnings and garage doors in Western Europe. Its brands include Alulux, AVZ, Erhardt Markisen and SWS, and it has leading positions in key European markets such as Germany, the Netherlands and the UK.

Stella Group is a market leader for the production of doors, gates, shutters and enclosures for industrial and residential buildings in France. Willkie also represented PAI Partners in its acquisition of Stella.Group, which was announced in November 2018.

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €12.3 billion of dedicated buyout funds. Since 1994, the company has completed 65 transactions in 11 countries, representing close to €50 billion in transaction value.

The cross-border, multidisciplinary Willkie deal team was led in Paris by partner Christophe Garaud and included partner Paul Lombard, national partner Faustine Viala and associates Ilan Aboukrat, Justine Ricaud, Paul Dumas, Ralph Unger and David Kupka; London: partners Claire McDaid and Jane Scobie and associates Antonio Laino, Kate Luton, Harrison Hutchinson and Fionnuala Lynch and Frankfurt: partner Axel Wahl, national partners Bettina Bokeloh and Christian Rolf, and associates Johannes Eckhardt, Daniel Zakrzewski, Karsten Silbernagel, Matthias Strecker, Alexander Schultheis and Ali Kilic.