05.2021: Funds advised by Equistone Partners Europe have agreed to acquire Franke Water Systems, a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors. Franke Water Systems is a division of Franke Group, which was founded in 1911 in Switzerland and is a globally active supplier of solutions and equipment for domestic kitchens and bathrooms, public washrooms, professional system catering providers and coffee brewing. Franke Water Systems was established as an independent division of the Franke Group and is formed of two business units, KWC and WSC, with production sites and competence centres in Europe, the United Arab Emirates and Asia. The company employs c. 900 people and generated revenues of more than 192 million Swiss Francs in 2020.
KWC is a Swiss market leader for residential bathroom, residential kitchen and commercial kitchen fittings. The well-established company offers its customers solutions ranging from the mid- to luxury-price segment. Primarily due to the high-quality materials and workmanship of its products, as well as its innovative design approach and a promise of “Made in Switzerland” quality, the company enjoys great popularity among fitters and architects. WSC offers its customers high-quality stainless-steel fittings and components for the commercial and public bathroom sector. WSC products are used in washrooms of facilities such as office or administrative buildings, sports stadiums as well as hotels and hospitals. WSC has several international sites and is characterised by its comprehensive and high-quality product portfolio as well as its high service competence.
Equistone’s investment supports the carve-out of Franke Water Systems from the Franke Group. Together with Thorsten Klapproth, former CEO of Hansgrohe SE and WMF AG, as well as the current management team, Equistone will build on the company’s solid business development in recent years and drive the international expansion alongside the organic and acquisitive growth of Franke Water Systems. A particular focus will be the continued development of the company’s innovative product range and the expansion of its strong brand positioning.
The financial terms of the transaction are undisclosed and remain subject to approval from the relevant competition authorities.
Centum Capital provides this information as a market news, but has not been involved in the transaction.