Cross Equity Partners backs MBO of spirella s.a.
Swiss lower mid-cap specialist Cross Equity Partners has acquired a majority stake in spirella, a supplier of bathroom equipment, from the German group Leifheit AG.
The deal returns ownership of the 52-year-old business to Swiss hands for the first time since it was acquired by Leiheit AG in 1988. The company's management will hold a minority stake in the business.
spirella supplies a range of bathroom products, including textiles, shower curtain rails and other accessories. The business is based in Embrach in the Canton of Zurich.
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