SST Group has sold its residential business to Groupe Atlantic
SST Group, one of the largest leading global providers of residential and commercial heating cable solutions in Russia, has sold a significant minority stake in its residential business to one of the major global HVAC players from France, Groupe Atlantic.
Mikhail Strupinskiy, a shareholder of SST Group, states, “This transaction demonstrates enthusiasm among leading international companies to make investments into Russian companies, with a strong market position and potential for further growth.”
Lincoln acted as the exclusive financial adviser to the shareholders of SST Group. Working closely with the management team, Lincoln prepared the company for sale and managed the transaction process to a successful completion, including providing advisory expertise and managing the preparation, marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
About SST Group
Founded in 1991, SST Group is a Top-3 global provider of heating cable solutions and industrial heat tracing systems. SST products and solutions can be found throughout Russia and are exported to over 40 countries worldwide. The residential business of SST Group provides a wide range of residential heating solutions for home use sold under strong brand, installed both indoor and outdoor. The company is currently a market leader with more than 60% market share.
About Groupe Atlantic
Founded in 1968 in France, Groupe Atlantic is an international manufacturer of HVAC solutions. Distributed in 70 countries, Groupe Atlantic is the market leader in France and among the top players in Europe. Groupe Atlantic has approximately 8,000 employees, 1,85 billion € turnover and 25 manufacturing sites, including 11 in France. The company is committed to an innovative approach with the aim of bringing greater comfort and economy to its customers, while respecting the environment. Its brands include Atlantic, Thermor, Sauter, Ygnis, Atlantic Guillot, Lazzarini, Hamworthy, Ideal, Ideal Commercial, Keston, Gledhill, AustriaEmail, Feinwerk, Erensan, ACV and Triangle Tube. Groupe Atlantic’s mission is to transform prevailing energies into lasting well-being, by creating thermal comfort solutions that are ecologically efficient, accessible to all and suited to individual needs.
Lincoln’s ability to provide valuable perspectives utilizing its connections with global colleagues and industry leaders was crucial to identifying strategic international buyers and was instrumental to this successful transaction.
Meet our Senior Team
View More Transactions
Lincoln International is pleased to announce that it has represented PRT Growing Services, a portfolio company of TriWest Capital Partners, in its sale to InstarAGF Asset Management
Lincoln International is pleased to announce that it has advised Kerv, a portfolio company of LDC, in raising growth debt financing
Lincoln International is pleased to announce the sale of Cameron Wire & Cable to Kinderhook Industries
Lincoln International, working with co-advisor Discount Capital, is pleased to announce that Cardo Systems, a portfolio company of Fortissimo Capital, has been sold to EMK Capital
Lincoln International is pleased to have advised THI Investments on its acquisition of a majority stake in Oxford International Education Group, a portfolio company of Bowmark Capital
Lincoln International is pleased to announce that Swiss Post and Loomis have entered into an agreement on the sale of certain assets and liabilities and the transfer of certain agreements of the SecurePost business
Lincoln International is pleased to announce that ORR Corporation has sold ORR Safety to Würth Industry North America / Northern Safety & Industrial, a member of the Würth Group