14/05/2024 – Business

Arcole invests in Setic Pourtier

Arcole, a French private equity fund, in partnership with longstanding shareholder and CEO Thierry Collard, is excited to announce a new phase of growth of Setic, a global leader in designing and manufacturing machinery for the wire and cable industry based in Roanne and Paris, France.

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This strategic investment aims at accelerating Setic’s development and enables a drastic deleveraging. © Setic

 

This strategic investment aims at accelerating Setic’s development and enables a drastic deleveraging. The company is thus in a very good position to capitalise on the favorable market trends anticipated in the coming years. Setic will fully embrace its role as a French industrial leader at the service of energy transition. The first steps on this path include enhancing the sales structure of the U.S. subsidiary, upgrading facilities in Roanne with new R+D capabilities, and rebranding the group as "Setic Pourtier" on the occasion of its 75th anniversary, combining the legacy of both historical brands.

 Thierry Collard, CEO and strategic shareholder of Setic Pourtier, expressed his satisfaction: "I am delighted to have secured the redeployment of Setic Pourtier, keeping ownership in French hands and ensuring a promising future for our team while consolidating our growth trajectory that has taken us from a period of crisis to outstanding financial performance in just two years." Delphine Inesta, Managing Partner at Arcole, shared her enthusiasm: "We are thrilled about this investment, that gives Arcole the opportunity to support an industrial company with a French footprint and a global reach, based on a century-long legacy of technical excellence and innovation." Renaud Sueur, also a Managing Partner at Arcole, commented, "We have discovered a vibrant group rich in expertise and skills, active on a fast-growing market, with very exciting challenges ahead. I am very happy to partner with Thierry Collard, the CEO of Setic Pourtier, whose experience and knowledge of the market have been decisive in our will to invest in the Group."

 www.arcole.com | www.setic-pourtier.com