Sodero Gestion, a private equity firm, and Bpifrance, the French Sovereign Fund, completed the acquisition of Riaux Group, a manufacturer of made-to-measure staircases. Financial terms were not disclosed. “We are happy to be able to participate in the transmission of the Riaux family group by supporting Luc and the managers in their takeover project. We are convinced by the Group's positioning in its market, which makes it the most comprehensive and important player. Jean-Paul Riaux has managed to industrialize a craft trade while offering a very high quality of service. It has also maintained a special staircase activity, a showcase of Riaux's know-how, which we wish to continue to develop. The legacy is now transmitted, it is up to us and the teams to make it bear fruit. Luc's experienced and entrepreneurial profile, combined with a team of motivated and expert internal managers, will enable the Group to grow in the years to come. The association with the Bpifrance Wood and Eco-Materials Fund will create value thanks to their expertise in the wood industry in France. This operation corresponds perfectly to the objectives of our Transfer and Perpetuate II fund, which thus completes its 9th investment : to enable the transfer of high-performance SMEs to entrepreneurial managers, and thus retain the decision-making centers at the heart of our regions," Romain Engrand, Sodero Gestion Executive Director.