Fank\u00adfurt a. Main \u2014 IK Invest\u00adment Part\u00adners (\u201cIK\u201d) has announ\u00adced that the IK VIII Fund has signed an agree\u00adment to sell its invest\u00adment in SCHOCK GmbH (\u201cSCHOCK\u201d or \u201cthe Company\u201d) to Triton Fund V, advi\u00adsed by Triton (\u201cTriton\u201d). The parties have agreed not to disc\u00adlose the finan\u00adcial details of the transaction.<\/p>\n
SCHOCK has a leading global market posi\u00adtion in the design and produc\u00adtion of high-quality quartz compo\u00adsite kitchen sinks with a diverse base of more than 2,000 custo\u00admers in over 70 count\u00adries. The company stands for inno\u00adva\u00adtive, high-quality products and has a strong focus on sustaina\u00adbi\u00adlity. This is under\u00adli\u00adned, among other things, by the recently laun\u00adched Green Line product line, whose sinks are made from over 99 percent natu\u00adral, rene\u00adwa\u00adble or raw mate\u00adri\u00adals. In addi\u00adtion to the compre\u00adhen\u00adsive range of kitchen sinks with over 200 models in 40 diffe\u00adrent colors, SCHOCK also offers faucets, shower trays and rela\u00adted access\u00adories. The company, based in Regen, Bava\u00adria, employs more than 500 people and produ\u00adces exclu\u00adsi\u00advely in Germany.<\/p>\n
Since IK\u2019s invest\u00adment in 2016, SCHOCK has pursued a successful stra\u00adtegy based on the three main elements of gaining new custo\u00admers, inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion and conti\u00adnuous product inno\u00adva\u00adtion. As a result, the company achie\u00adved signi\u00adfi\u00adcant orga\u00adnic growth and more than doubled its opera\u00adting profit. At the same time, substan\u00adtial funds were inves\u00adted in the expan\u00adsion of produc\u00adtion capa\u00adci\u00adties, opera\u00adtio\u00adnal effi\u00adci\u00adency and product development.<\/p>\n
As part of the tran\u00adsac\u00adtion now agreed, IK is selling its shares to the invest\u00adment company Triton, which will further deve\u00adlop the company as an entre\u00adpre\u00adneu\u00adrial part\u00adner toge\u00adther with the exis\u00adting manage\u00adment team headed by Ralf Boberg.<\/p>\n
Ralf Boberg, CEO of SCHOCK<\/strong>, stated, \u201cWe are very grateful to the IK team for their guidance and support over the past four years. During this time, we have inves\u00adted in our inno\u00adva\u00adtive and sustainable product range and streng\u00adthe\u00adned our brand and repu\u00adta\u00adtion in the market for high-quality, dura\u00adble and contem\u00adpo\u00adrary sinks. We look forward to working with Triton to build on this foun\u00adda\u00adtion and conti\u00adnue our growth trajectory.\u201d<\/p>\n Mirko Jablon\u00adsky, Part\u00adner at IK<\/strong> and advi\u00adsor to the IK VIII Fund, said: \u201cIt has been a privi\u00adlege for us to work with SCHOCK as a market leader in an attrac\u00adtive segment of the kitchen indus\u00adtry. The uncom\u00adpro\u00admi\u00adsing focus on quality and the undis\u00adpu\u00adted ability to inno\u00advate while setting new tech\u00adno\u00adlo\u00adgi\u00adcal stan\u00addards will enable SCHOCK to win new custo\u00admers and expand its product range and market presence. We wish Ralf Boberg and the team every success with their new shareholder.\u201d<\/p>\n Ruth Linz, Co-Head Consu\u00admer at Triton<\/strong>, commen\u00adted: \u201cWe are plea\u00adsed to accom\u00adpany the next phase of the company\u2019s deve\u00adlo\u00adp\u00adment at SCHOCK with our invest\u00adment. The oppor\u00adtu\u00adnity to work with such a strong brand, which also has excep\u00adtio\u00adnal growth poten\u00adtial, does not come around often \u2014 we see oppor\u00adtu\u00adni\u00adties here parti\u00adcu\u00adlarly in the US and through targe\u00adted M&A acti\u00advi\u00adties. We look forward to part\u00adne\u00adring with SCHOCK and taking the company to the next level of growth.\u201d<\/p>\n Parties invol\u00adved:<\/p>\n IK Invest\u00adment Part\u00adners: Detlef Dinsel, Mirko Jablon\u00adsky, Daniel-Vito G\u00fcnther<\/strong> About IK Invest\u00adment Partners<\/strong><\/p>\n IK Invest\u00adment Part\u00adners is a Euro\u00adpean private equity firm with an invest\u00adment focus on the Nordic count\u00adries, the DACH region, France, Bene\u00adlux as well as the UK. Since 1989, IK has laun\u00adched funds with a cumu\u00adla\u00adtive equity volume of more than 13 billion euros and inves\u00adted in more than 145 Euro\u00adpean compa\u00adnies. The IK Funds support compa\u00adnies with signi\u00adfi\u00adcant growth poten\u00adtial and their manage\u00adment teams in deve\u00adlo\u00adping busi\u00adness models for the future, streng\u00adthening the compa\u00adnies\u2019 market posi\u00adtion and thus crea\u00adting outstan\u00adding long-term deve\u00adlo\u00adp\u00adment poten\u00adtial. www.ikinvest.com<\/p>\n About Triton<\/strong><\/p>\n Triton was foun\u00added in 1997 with the goal of working with boards, mana\u00adgers and employees to build better compa\u00adnies. We are entre\u00adpre\u00adneurs who invest capi\u00adtal where we see an oppor\u00adtu\u00adnity to create long-term value. We are aware that the decis\u00adi\u00adons we make affect peop\u00adle\u2019s lives. The 46 compa\u00adnies curr\u00adently in our port\u00adfo\u00adlio play an important role in their respec\u00adtive loca\u00adti\u00adons in Nort\u00adhern Europe. They employ around 101,000 people and gene\u00adrate combi\u00adned annual sales of around \u20ac18.2 billion. In 2018, we raised \u20ac5.2 billion for our latest private equity fund, Triton V. For more infor\u00adma\u00adtion, visit www.triton-partners.com<\/p>\n About SCHOCK<\/strong><\/p>\n SCHOCK is the inven\u00adtor of the granite sink and has been the global tech\u00adno\u00adlogy and quality leader in this field for more than 40 years. The paten\u00adted combi\u00adna\u00adtion of quartz with high-quality acrylic crea\u00adtes a premium product that is three times harder than natu\u00adral granite and is also supe\u00adrior in many product proper\u00adties to sinks made of other mate\u00adri\u00adals. The SCHOCK range includes sinks for every kitchen style and taste type. Custo\u00admers in over 70 count\u00adries rely on SCHOCK products, which are produ\u00adced exclu\u00adsi\u00advely at the company head\u00adquar\u00adters in Regen in the Bava\u00adrian Forest. For more infor\u00adma\u00adtion, visit www.schock.de<\/p>\n","protected":false},"excerpt":{"rendered":" Fank\u00adfurt a. Main \u2014 IK Invest\u00adment Part\u00adners (\u201cIK\u201d) has announ\u00adced that the IK VIII Fund has signed an agree\u00adment to sell its invest\u00adment in SCHOCK GmbH (\u201cSCHOCK\u201d or \u201cthe Company\u201d) to Triton Fund V, advi\u00adsed by Triton (\u201cTriton\u201d). The parties have agreed not to disc\u00adlose the finan\u00adcial details of the tran\u00adsac\u00adtion. SCHOCK has a leading [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36839,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1368,1369,1377],"tags":[],"class_list":["post-43409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors","category-corporate-finance-ma","news-category-private-equity-news-en"],"yoast_head":"\n
\nSeller M&A advi\u00adsor: William Blair<\/strong> (Phil\u00adipp Mohr, Dirk Felsmann)
\nSeller legal advi\u00adsor: Latham & Watkins<\/strong> (Henning Schnei\u00adder, Nils R\u00f6ver)
\nSeller commer\u00adcial advi\u00adsor: EY Parthe\u00adnon<\/strong> (Bj\u00f6rn Reineke)
\nSeller finan\u00adcial advi\u00adsor: EY<\/strong> (Hinrich Grun\u00adwaldt, Sandra Krusch)
\nSeller ESG advi\u00adsor: EY<\/strong> (Robert Seiter)<\/p>\n