Equistone Partners to acquire Sateco from Naxicap Partners.

Private equity firm Equistone Partners offered to acquire Sateco, a specialist in the manufacturing and distribution of metal formwork equipment for concrete forming and safety platforms on construction sites, from Naxicap Partners for EUR140m. Arnaud Thomas and Thierry Lardinois, Partners at Equistone, say: "We were impressed by the commitment and work ethic of Sateco's management team, which have helped the company to maintain its leading position in the safety platforms market and to establish its competitive position in the metal formworks market. Thanks to a policy of constant innovation and high-quality service, in recent years Sateco has risen from second to first place in the sector in France."