Euronext Paris-listed private equity investor NextStage has paid €11.5m for a minority stake in Steel Shed Solutions, a Luxembourg-based supplier of kits for the construction of simple metal buildings.

Steel Shed Solutions’ products can be used to make storage or livestock hangars, industrial buildings and agricultural structures. The business trades mostly online, serving customers in 48 countries.

With the help of the investment from NextStage, Steel Shed Solutions hopes to expand further internationally, particularly in Africa.

Carmin Finance and Cabinet AMMC Law advised Steel Shed Solutions, while Mazars and Cabinet CMS Bureau Francis Lefebvre advised NextStage.

NextStage acquired UK-based leisure boat hiring business Dream Yacht Charter in July and in May backed hunting and fishing online marketplace NaturaBuy.