Capvis buys majority stake in Felss Group

As part of the deal, the GP acquired a controlling stake from previous sole shareholder and chairperson Christine Kienhöfer via its 2013-vintage Capvis Equity IV LP vehicle. Following the transaction, Kienhöfer will retain a minority stake. Additional financial details surrounding the transaction were not disclosed.

According to a statement, the company aims to boost its internationalisation and extend its business across additional sectors, such as electrical and medical equipment.

Company
Founded in 1905, Felss manufactures metal processing machines and hollow components mainly for the automotive industry.

Headquartered in Königsbach-Stein, the company employs a staff of 600 and manages six production sites across four countries in Europe, Asia and the US.

In 2016, the business posted €125m in revenues, according to a statement.

People
Capvis Equity Partners – Daniel Flaig (managing partner).
Felss Group – Christine Kienhöfer (chair).

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