Secondary Buyout • Building Materials

Equistone Acquires Gardengate

On October 18, 2021, private equity firm Equistone acquired building materials company Gardengate from Crest Capital Partners

Acquisition Context
  • This is Equistone’s 7th transaction in the Building Materials sector.
  • This is Equistone’s 1st transaction in Portugal.

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M&A Deal Summary

Date October 18, 2021
Target Gardengate
Sector Building Materials
Buyer(s) Equistone
Sellers(s) Crest Capital Partners
Deal Type Secondary Buyout

Target Company

Gardengate

Braga, Portugal
Gardengate is a manufacturer of aluminum gates and doors. The business has a diversified and loyal B2B customer base predominantly made up of retailers, such as DIY stores and online resellers. Gardengate was founded in 1997 and is headquartered in Braga, Portugal.
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Buyer Overview 1

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 243 of 252
Sector: Building Materials 7 of 7
Type: Secondary Buyout 78 of 83
Country: Portugal 1 of 1
Year: 2021 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Bruneau

Villebon-sur-Yvette, France

Bruneau is an online distributor of office furniture and supplies in Europe. Bruneau was founded in 1955 and is based in Villebon-sur-Yvette, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 adm Group

London, United Kingdom

adm Group is an independent global marketing services business, that provides solutions that simplify the ability of global brands to sustainably activate and engage with their target audiences across multiple marketing channels. adm Group was founded in 1992 and is based in London, United Kingdom.

Buy -

Seller Profile 1

SELLER

Crest Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 100M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Crest Capital Partners is a generalist private equity firm focused on opportunities throughout Portugal. Crest targets companies with sustainable business models, committed management teams, and EBITDA of at least €2 million. The Firm looks to work with portfolio companies to develop new products, as well as pursue sector consolidation and international opportunities. Crest Capital Partners was formed in 2017 and is headquartered in Lisbon.


Deal Context for Seller #
Overall 1 of 2
Sector: Building Materials 1 of 1
Type: Secondary Buyout 1 of 1
Country: Portugal 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Banhoazis

Vila Verde, Portugal

Banhoazis is a manufacture of furniture and bath accessories. Banhoazis products in standard and customizable models, with quality, design and functionality, always looking to create new concepts. Banhoazis was founded in 1996 and based in Vila Verde, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Ecocompositos

Faro, Portugal

Ecocompositos is a distribution of pool equipment (e.g. water heating systems) and consumables (e.g. water treatment chemicals) with the wholesale of garden maintenance products. The company also operates a non core business which focuses on the trading of composites used by several industries. Ecocompositos was founded in 1985 and is based in Faro, Portugal.

Buy -