backKing & Spalding advised Chequers Capital on the majority leveraged buyout of ASERTI Group. The transaction involved the acquisition of Parquest Capital’s shareholding alongside the reinvestment of key members of ASERTI’s management team. As part of the transaction, CIC provided a senior debt facility to finance the acquisition. ASERTI Group is an industrial services provider operating in France and Germany, structured around two complementary business lines:
- Industrial Electronic Repair – maintenance and repair of electronic equipment and drive systems, across all brands.
- Industrial Metrology – calibration, verification, and adjustment of measuring instruments, both in lab and on site.
Chequers Capital is a leading European private equity firm focused on the Asset Light Industrials, Digital Services and B2B Services sectors in France, the Benelux, the DACH region and Italy. Chequers manages more than €3 billion in assets and relies on a team of 23 investment professionals.