July 4th, 2019 Natixis Partners advised Naxicap in the disposal of Sateco to Equistone Partners Europe
Advised by Natixis Partners, Naxicap sold a majority stake in Sateco, the French leader in the manufacturing of (i) concrete metal formworks and (ii) safety platforms for construction sites, to Equistone Partners Europe.
Founded in 1953, Sateco is a key player in the construction and building industries. Historically positioned on local works with regionally rooted SMEs, the group has progressively diversified its customer base thanks to the implementation of a strategy targeting national players as well as major construction companies, in France and abroad Sateco has recently been a key partner on numerous international works such as Hinkley Point EPR in England, Park Central Towers in Manila, Dubaï Royal Atlantis Hotel or Princess Grace Hospital in Monaco. Sateco also accelerated its European expansion through the acquisition of the Swiss company HK Services in 2018.
Over the last five years, the Sateco group has achieved a yearly organic growth of more than 15%, and has become the French leader on this market and a renowned player internationally.
Sateco employs c.235 FTEs and has developed complementary services activities (mainly focusing on rental, maintenance of equipment, and customer training).
The group operates two production sites located in Mirebeau and Maillé (West-central France) and generated c.€70m of revenue in 2018.‹ Back to news
simon le guillou
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