Equistone Partners Europe has acquired a majority stake in Gardengate, a European manufacturer of aluminium gates and doors.
Founded in 1997 in Braga, Portugal, Gardengate has established a strong position and achieved robust and consistent year-on-year growth. The group has developed relationships with key French DIY players and built a strong position in the French market, which currently accounts for 85% of the group's sales. In addition to the group's success in France, Gardengate has also reported fast-growing sales in Benelux, Germany, and the UK.
Adelino Costa, CEO and founder of Gardengate, said: “We intend to grow Gardengate and reinforce the group’s prominent position in the production of equipment for the outdoor environment of the home, and believe that Equistone is the right partner to achieve this goal. I would also like to thank Crest for consistently supporting the management team’s efforts to develop the business and for its support in the transition from a family structure.”
Thierry Lardinois, Partner at Equistone, added: “Gardengate is a highly successful European industrial company that we have been able to evaluate thanks to our previous experience in that sector. We look forward to backing the management team and supporting the group as it continues its impressive growth journey in France and abroad, as the company works towards becoming a European leader.”
