TPG Capital looking to sell Grohe

According to reports the investor is currently talking to investment banks about the possible sale, with an IPO said to reach a potential value of up to €1bn.

TPG acquired Grohe in a secondary buyout in May 2004 from BC Partners, which bought the company from the Grohe and Rost families in 1999.

Dusseldorf-based Grohe was founded in 1936 and has a turnover of approximately €1bn. The company employs about 5,000 people and operates worldwide, with production sites in Germany, Portugal, Thailand and Canada.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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