Equistone Has Acquired Swiss Kitchen and Bathroom Fittings Specialist Franke Water Systems
Funds advised by Equistone Partners Europe (hereinafter refer to as “Equistone”), one of Europe’s most active mid-market private equity firms, has acquired Franke Water Systems, a division of Franke Group and a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors.
Thorsten Klapproth, former CEO of Hansgrohe SE and WMF AG, joins the transaction as a co-investor. The seller of the Franke Water Systems division, which consists of the two business units KWC Group (“KWC”) and WS Commercial Group (“WSC”), is Franke Holding AG (“Franke Group”). The current management team will continue to drive the company’s growth strategy.