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Mid Cap
IK 2007

Market leading producer of fixing and fastening solutions

Etanco (“the Company”) is the leader in the design, manufacturing and distribution of building fastener and fixing systems in France. Headquartered in Paris, France, the Company is also present in Italy with its Friulsider brand and in Eastern Europe.

At the time of exit, the Company had a full range of 80,000 products grouped under four main categories: Waterproofing, Roofing, Safety and Facades – allowing it to offer products adapted to the specific market requirements particularly in terms of environmental and European regulatory constraints.

Etanco was acquired in March 2008 by the IK 2007 Fund, and subsequently sold to 3i in October 2011.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Extend product offering, achieving an increasingly diversified position;
  • Focus on operational excellence and international expansion; and
  • Make selective add-on acquisitions.

Quote from the Client

“With IK’s positive support, Etanco has significantly grown organically, allowing us to reinforce our leadership position in France and to improve our financial performance. We look forward to continuing our successful evolution by taking on a new stage of international development through a buy-and-build strategy for which we believe we are well poised with 3i.”

Ronan Lebraut, Chief Executive Officer, Etanco