Isatis backs Secal

The transaction was supported by financing provided by banks, though the deal was moderately leveraged, according to a statement by Isatis.

Although the GP acquired a minority stake, the transaction is a buyout deal rather than an expansion, a person familiar with the situation confirmed to Unquote. 

The GP has used its Crescendo fund for the transaction; the deal values the company at less than €25m, Unquote has learned. 

The deal will help Secal strengthen its presence in France and export products abroad, notably in north Africa, South America and Asia.

Company
Founded in 1984 and based in Sarralbe en Moselle, the travelling cranes company works with rail, automotive, aerospace and energy companies. The company employs 70 people and generates revenues of around €20m, Unquote has learned. 

The business acquired peer Solomat in 2017. 

People
Secal – Samuel Gadler (CEO).
Isatis Capital – Laurent Baudino (managing director). 

Advisers
Equity – Deloitte, Philippe Serzec, Marie Heinz (financial due diligence); Lamartine Conseil, Gary Levy, Charlotte Moreau, Emilie Renaud, Raphaël Saulneron (legal). 

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• Topics
• Buyouts
• France
• Industrials
• France
• Isatis Capital