Transaction

Clearwater advises Abénex Capital on the sale of Outinord to Sateco

Transaction

Abénex sold Outinord to Sateco

Sell-side

Undisclosed

Role

Adviser to Abénex on the sale of Outinord to Sateco

Sector

Industrial & Chemicals

Region

France

Clearwater has advised Abénex Capital on the sale of Outinord, a leading worldwide formwork designer, manufacturer and supplier to Sateco, a strategic peer in the construction industry that is majority-owned by Equistone PE fund.

Founded in 1955 and based in Saint-Amand-les-Eaux, France, Outinord designs, manufactures, and distributes metal formworks for the construction industry. The group also operates a distribution and rental unit in the US and since July 2018, a production facility in India.

The group benefits from a strong reputation and technical know-how recognised by its customers. Its experience, innovation capacity, international presence and new production facility in India are major assets in a context of tension on the raw materials price increase.

The acquisition of the group by Sateco will create a key player in France and abroad. The two companies will benefit from their complementarities in terms of product range, customers and geographies.

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Thank you to the Clearwater team for its support during the process. In a complex market context disrupted by the COVID-19 pandemic, they showed great determination in accompanying us over the long term and a strong understanding of the company and its challenges, thanks to their good market knowledge of industrial equipment design and production. Their active support in every phase of the transaction was priceless, and it was a pleasure to work with them.

Emmanuel Herbinet, CEO, Outinord
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It has been a true pleasure for Clearwater’s Industrials team to work alongside Abénex in the success of this transaction. The synergies between Outinord’s and Sateco’s activities will lead to the birth of a European leader in the manufacturing of wall and tunnel formworks for the construction industry.

Jonathan Bursztyn, Managing Director, Clearwater