Equistone, a mid-market European private equity firm, agreed to acquire a majority stake in GSCM, a modular construction specialist, from Orfite, a reference shareholder providing specialised services to companies and entrepreneurs. Financial terms were not disclosed. "We were impressed with GSCM’s growth under Orfite’s ownership. GSCM’s unique position in a buoyant market, coupled with the expertise of its leadership and teams, makes us very confident in the Group’s future. We are committed to supporting GSCM as it builds on this momentum by seizing all organic and external growth opportunities," Stanislas Gaillard and Thierry Lardinois, Equistone Partners.