Omnes Capital has sold its shareholding in the Sateco group to Naxicap Partners. The other shareholders – LFPI, Pechel Industries and Unexo – are also withdrawing at the same time.
The group’s management team led by François Guilloteau since 2007 is taking part in this new funding round.
Founded in 1953 and headquartered in Mirabeau (Vienne department), Sateco has positioned itself in the design, manufacture and marketing of concrete formwork and construction site safety equipment. Its range of products and services is built around three complementary businesses – the manufacture and sale of new construction products such as wall forms and security products, the rental and sale of used equipment, and mechanical welding services.
With sales of around EUR40 million, two operating sites and over 200 employees, the Sateco group is the French market leader in safety platforms and the number two player in metal formwork.
In recent years, the Sateco group has increased its market share among small- and medium-sized customers and large groups by pursuing an unwavering strategy of innovation. Further afield, it has also landed some major contracts in locations such as Dubai and the United Kingdom, by building up its positions with construction majors.
François Guilloteau, Chairman of the Sateco group, says: “Over the past nine years of cooperation, the quality of our partnership with Omnes Capital has enabled Sateco to make the right strategic decisions to gear up for the anticipated rebound in the market.”
Philippe Zurawski, Partner at Omnes Capital and Chairman of Sateco Holding’s Supervisory Board, says: “Our enduring strategic support and consistent investment drive enabled the group to ramp up its innovation policy, gain market share and modernise its manufacturing facilities. Thanks to this strategy executed in partnership with the management team led by François Guilloteau, Sateco emerged stronger from the latest cycle.”
Sateco was a deal initially completed by the CACI 2 fund, which invested in 15 companies selected by Omnes Capital between 2005 and 2007. Today, the CACI 2 fund has just one company left in its portfolio.