Equistone Partners Europe Acquires Franke Water Systems (KWC & WSC) from Franke Group
March 2, 2021
Funds advised by Equistone Partners Europe have agreed to acquire Franke Water Systems, the kitchen and bathroom fittings division of Franke Group, in a carve-out transaction. Industry executive Thorsten Klapproth is joining as a co-investor; the division (comprising KWC Group and WS Commercial Group) employs ~900 people and generated over CHF 192m in 2020. Financial terms are undisclosed and the deal remains subject to competition approval; management will continue to run the business and the investment will support international expansion and product development.
- Buyers
- Equistone Partners Europe, Thorsten Klapproth (co-investor)
- Targets
- Franke Water Systems, KWC Group, WS Commercial Group
- Sellers
- Franke Holding AG (Franke Group)
- Industry
- Building Products
- Location
- Switzerland
- Transaction Type
- Buyout
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