IFLR1000

Groupe SEB €1.02 billion acquisition of WMF

22/11/2016
Private acquisition
Select tab

€ 1.02 billion

$ 1.14 billion

Completed

22/11/2016

Overview:

  • Groupe SEB acquired WMF from its private equity sponsor Kohlberg Kravis Roberts & Co (KKR) for around €1.02 billion.
  • SEB and WMF are French and German companies respectively, which both manufacture household appliances.
  • Under the terms of the deal, SEB agreed to assume €565 million of WMF's debt and an additional €125 million in pension liabilities. 
  • KKR acquired a stake in WMF for €470 million in 2012, taking over the business through a squeeze-out in 2015. 

Ben Naylor - Regional editor

Jurisdictions:

France
Germany
Switzerland
Austria

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Industrials and manufacturing

Firms:
Bär & Karrer

Party: Kohlberg Kravis Roberts & Co (KKR) (Seller)

Lawyers: Christoph Neeracher, Luca Jagmetti

CERHA HEMPEL

Party: Kohlberg Kravis Roberts & Co (KKR) (Seller)

Lawyer: Albert Birkner

Gleiss Lutz

Party: Groupe SEB (Acquirer)

Lawyers: Burkhard Jäkel, Christian Cascante, Eva Reudelhuber, Frank Schlobach, Gerhard Wegen, Jochen Tyrolt

Hengeler Mueller

Party: Kohlberg Kravis Roberts & Co (KKR) (Seller)

Lawyer: Jochen Vetter

Schoenherr

Party: Groupe SEB (Acquirer)

Lawyers: Sascha Hödl, Thomas Kulnigg

Related deals