M&A Deal Summary

Equistone Acquires Sateco

On June 28, 2019, private equity firm Equistone acquired building materials company Sateco from Naxicap Partners

Acquisition Highlights
  • This is Equistone’s 6th transaction in the Building Materials sector.
  • This is Equistone’s 68th transaction in France.

M&A Deal Summary

Date 2019-06-28
Target Sateco
Sector Building Materials
Buyer(s) Equistone
Sellers(s) Naxicap Partners
Deal Type Secondary Buyout

Target

Sateco

Mirebeau, France
Sateco is a French provider of metal formworks and safety platforms. Sateco designs and manufactures metal formworks and safety platforms, which are sold to clients primarily in the construction industry. The business also offers complementary services such as equipment rental, maintenance, technical support and training. Sateco was founded in 1953 and is based in Mirebeau, France.

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Buyer(S) 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 STATS #
Overall 228 of 252
Sector: Building Materials M&A 6 of 7
Type: Secondary Buyout M&A Deals 72 of 83
Country: France M&A 68 of 72
Year: 2019 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Vulcain Engineering Group

Neuilly- Sur- Seine, France

Vulcain Engineering Group is an engineering consultancy group. The company specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering Group was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 FirstPort

Hampshire, United Kingdom

FirstPort is a UK residential property management company that manages 196,000 residential properties across more than 3,900 developments throughout the UK. The company works with developers, investors, freeholders, and over 200 Resident Management Companies to provide services to leaseholders.

Buy -

Seller(S) 1

SELLER

Naxicap Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 6.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Naxicap Partners is a private equity firm focused on leveraged buyouts and growth capital investments in small to medium-sized businesses in France, the Benelux, Spain, and Germany. Naxicap invests in a variety of sectors including business services, technology, healthcare, food, real estate, and consumer products. Naxicap Partners was established in 2005 and is headquartered in Paris, France.


DEAL STATS #
Overall 41 of 73
Sector: Building Materials M&A 1 of 2
Type: Secondary Buyout M&A Deals 19 of 33
Country: France M&A 40 of 71
Year: 2019 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 Myre

Paris, France

Myre provides a platform that optimizes the management of real estate assets. The platform centralizes, processes and analyzes the financial and legal data of an asset throughout its life. Myre was founded in 2016 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Oasys

Paris, France

OasYs Consultants is a multidisciplinary consulting firm, made up of experts, consultants and specialized coaches who support executives, managers and employees in their professional development and the transformation of their organizations. Oasys is based in Paris, France.

Buy -