VR Equitypartner steps out of Melvo

The deal sees SC Johnson, a US-based branded cleaning products manufacturer, taking 100% of the company's shareholding.

Previous funding
VR invested in the company in 2007. Over the past five years the Germany-based private equity firm has supported Melvo's expansion into Russia and India.

Company
Melvo is a European manufacturer of footwear and leather care products. Its brands include Salamander, Woly, Woly Sport and Grison.

The company was established in 1922, when the Salamander Group was set up to manufacture shoe care products.

People
Fisk Johnson is chairman and CEO of SC Johnson. Martin Franke is a member of VR's management board.

Advisers
Vendor - Ferber & Co. Alexander von Hachenburg, Andreas Widholz, Jakob Beck (M&A); CMS Hasche Sigle, Udo Simmat, Tobias Schneider (Legal).
Acquirer - Kirkland & Ellis (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• DACH
• Consumer
• Germany