07.2019: In order to support further expansion of the business, funds advised by Steadfast Capital acquired a majority stake in BUK Group (BUK). The transaction comprises BUK Kunststofftechnik GmbH and EMG GmbH, both based in Eppingen (Baden-Württemberg), UHB Kunststofftechnik GmbH, based in Bohmte (Lower Saxony), as well as the toolmaking department of the group. BUK is a manufacturer of high precision and complex injection moulding parts for customers in diverse sectors. The manufactured parts are used, amongst others, in hand tools, water fittings, as well as household and electrical appliances. In addition to the parts department, BUK maintains its own toolmaking department and offers its customers extensive installation services. Together with Thorsten Ulbrich, who continues to hold a significant stake in the group, Steadfast Capital will pursue BUK’s further expansion as well as supporting the ongoing strategic development of the company and its employees.