Steeper

Steeper has been a pioneer in upper limb prosthetics for over a century with renowned prostheses such as the Kinisi hand and Espire elbow as well as being a clinical services provider across the fields of prosthetics, orthotics and accessible technology.

Park Place led the advisory team which resulted in the business being acquired by Eqwal Group as part of its ambitious strategy to offset disability throughout the world and to build an inclusive society whilst protecting and preserving the environment.

Headquartered in Toulouse, France, the Eqwal Group is a global prosthetics and orthotics patient care services provider, employing over 1700 people with clinics across Europe and the USA. Eqwal is majority owned by Naxicap Partners which is based in Paris and manages over €6bn of assets.

Paul Steeper, CEO of Steeper Group and grandson of founder Hugh Steeper, commented “When considering appointing advisers, Park Place were an obvious choice given their close alignment to our principles of care, integrity and client focus.  The team used their experience and skills to deliver considered advice helping navigate the complex and often unpredictable process of a business sale.  We are delighted with the result we have achieved for the ongoing benefit of the employees, the business and its shareholders.”

Tim Simpson commented “Having worked with Steeper on a number of initiatives over the years, we are honoured to advise this prestigious business on a significant step in its development.  The deal is not only highly strategic but just as importantly, embeds Steeper into a group where cultures, vision and values are closely aligned.  These features provide an excellent platform from which this Yorkshire success story can carry on being a global force in enablement devices and associated services.”

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