Funds managed by Equistone Partners Europe Limited have acquired a majority stake in Karl Eugen Fischer GmbH, a leading manufacturer of cutting systems for the tyre industry.
The shares in the company were purchased from Equita GmbH & Co. Holding KGaA. Following the transaction, Equistone and the KEF management team will hold all of the company’s shares. This investment is aimed at stabilishing the company’s existing customer base as well as gaining new customers in the tyre industry.
The transaction remains subject to approval by the relevant competition authorities and the deal value is undisclosed.
