Finatem has sold portfolio firm Schwinn Group to DUBAG

Equity funds advised by Frankfurt, Germany-based financial investor Finatem (“Finatem”) have sold all of their shareholding in its portfolio company Schwinn Group (“Schwinn”), Ober-Ramstadt, Germany, together with its affiliates to Munich-based, privately owned investment firm DUBAG – Deutsche Unternehmensbeteiligungen AG (“DUBAG”). The terms of the transaction have not been disclosed.

Lincoln International acted as exclusive financial advisor to Finatem in this transaction and managed a competitive auction process among selected domestic and international strategic and financial investors.

Schwinn is the European leader for the design, manufacture and distribution of contemporary furniture hardware for the living room / bedroom, bathroom, kitchen cabinet and office furniture markets. It offers a broad range of both decorative and functional quality hardware, including handles, knobs, furniture feet and castors, wardrobe and rack supports.

Founded in 1932, the company operates from production sites in Germany and Poland. It sells its products to all leading cabinet manufacturing OEMs in Germany, France and Poland, to dealers as well as to custom cabinet makers. Key markets are Germany, Poland, France, Italy and the U.S., Schwinn’s single most quickly growing market. Schwinn’s product range encompasses more than 3,000 SKUs supplied from own manufacturing operations and by working with strategic outsourcing partners in Asia. Schwinn is considered a market innovator and works with both in-house and freelance designers along the entire value chain of design prototyping, procurement and manufacturing to most flexibly serving its key customers.

Schwinn turns over Euro 25 million and currently employs a total staff of 250.

Finatem is an independent, partner-owned and managed private equity firm based in Frankfurt, Germany. Finatem typically invests in majority buyout situations concerning medium-sized companies with headquarters and main operations in German-speaking Europe, with revenues in the Euro 20 – 125 million range and a distinct growth potential.

DUBAG – Deutsche Unternehmensbeteiligungen AG is an owner-operated investment holding company based in Munich, Germany. DUBAG focuses on the acquisition and holding of majority stakes in medium-sized companies in Germany, Austria and Switzerland that have substantial value creation potential and strategic growth opportunities.

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