Omnes Capital sells its stakes in the Sateco group to Naxicap Partners

Omnes Capital sells its stakes in the Sateco group to Naxicap Partners
Wednesday, June 1, 2016

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 €40 million, two operating sites and over 200 employees, the Sateco group is the French market leader in safety platforms and the number 2 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, stated : “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, commented : “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.

Participants

Selling shareholders 
Omnes Capital 
Philippe Zurawski, Partner, Mid-Cap Buyout & Growth Capital
Mikaël Schaller, Investment Manager, Mid-Cap Buyout & Growth Capital
LFPI : Fabien Bismuth, Thomas Brancourt
Pechel Industries : Bertrand Hainquerlot, Alain Cochenet
Unexo : Anthony Lemarchand

Investors
Naxicap Partners : Luc Bertholat, Cyriaque Viaud
Siparex : Alexandre Tremblin
Arkéa : Thomas Trideau
Ouest Croissance : Henri Guillermit
BNP Paribas Développement : Benoit Picart
BpiFrance : Marc Prevot

Advisers to the sellers
Investment banker/M&A adviser : Lincoln International (Ludovic Rodié, Serge Paleau)
Legal : King & Wood Mallesons (Jérôme Jouhanneaud, Rémi Pagès)
Strategic VDD : OC&C Strategy Consultants (Henri-Pierre Vacher)
Financial VDD : PWC (Didier Sidois, Antoine Fustier)
Debt : BNP Paribas, Banque CIC Ouest, Arkéa, Banque Populaire, Société Générale, Crédit Agricole Touraine Poitou
Debt attorney : Hogan Lovells (Sabine Bironneau)

Advisers to the investors
Legal, tax, labour : PwC Avocats (Guillaume Morineaux, Jacques Darbois)
Financial : Odéris (Aurélien Vion)
Strategic : Indéfi (Julien Berger)  
Financing attorney : CVS (Matthieu Guignard)

Advisers to the management team:
Attorney : Delaby & Dorison (Emmanuel Delaby), Cabinet BGB (Alexandre Gaudin)

About Omnes Capital 
Omnes Capital is a major player in private equity and infrastructure. With €2.1 billion in assets under management, Omnes capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas: Buyout & Growth Capital, Private Debt, Venture Capital, Renewable Energy, Co-Investment, Secondary Funds of Funds. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). Further information: www.omnescapital.com

Press contacts

Omnes Capital
Gaëlle de Montoussé, gaelle.demontousse@omnescapital.com – +33 1 80 48 79 16

Shan
Caroline Babouillard, caroline.babouillard@shan.fr – +33 1 44 50 58 72