Sources: Siam Cement and Geberit bid for Grohe

By IVCPOST Staff Reporter

Jul 12, 2013 05:49 AM EDT

Grohe is a German bathroom fixtures manufacturer. The company has attracted two interested parties for a takeover deal. This was according to people who were familiar with the transaction. The same people said that the transaction could be Europe's biggest private equity deal of the year.

Siam Cement of Thailand and Gerbeit of Switzerland showed interest in acquiring Grohe. Fortune Brands from the United States also expressed its interest in the company in the past. According to sources, the private company was worth around Eur4 billion.

Tentative offers were said to be submitted by the end of next week, the sources said. TPG Capital and a subsidiary of Credit Suisse are the owners of Grohe. The transaction was called a dual track process as the company sought to hit two processes at the same time. One was to raise an initial public offering and the other is to sell the biggest bathroom equipment manufacturer in Europe to a potential buyer.

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics