Clifford Chance advised VKR Holding on its offer to acquire StellaGroup from PAI Partners and others

Global law firm Clifford Chance advised VKR Holding on its offer to acquire StellaGroup, a European market leader whose products include roller shutters, solar shading, awnings and gates, from private equity firm PAI Partners and others.

Headquartered in Annecy, France, StellaGroup employs 2,300 people and serves 22,500 customers across five European markets. Its 13 brands offer products ranging from roller shutters, external screens and venetian blinds to awnings, pergolas and other patio covers, as well as garage doors, driveway and garden gates, fences and grilles. StellaGroup reported revenue of €556 million in 2025. Its brands include La Toulousaine, Profalux, Eveno, Sofermi, Flip, AVZ Group, Smits, Alulux, Duotherm, Erhardt, SWS, Pratic and Biossun. The company operates in France, Germany, Italy, the Netherlands and the United Kingdom.

Completion of the proposed acquisition is subject to consultation with employee representative bodies and customary regulatory approvals.

The Clifford Chance team in Paris comprised Partner Marianne Pezant, Counsel Adeline Nayagom, Senior Associate Elisabeth Kerlen and Associate Raphael Morin on the M&A aspects; Partner David Tayar, Counsel Sara Ortolli and Associate Maëlys Cleuziat on the antitrust aspects; as well as Partners Florence Aubonnet and Ekaterina Zaboussova-Celsa and Associate Clémentine Marçais on the employment aspects.