KKR to Buy Majority Stake in WMF from Crystal Capital
July 9, 2012- Share:
PE firm KKR has announced plans to buy a 52% stake worth 587 million euros ($721 million) in German cutlery and appliance-maker WMF AG from Crystal Capital, an investment vehicle controlled by Swiss financial investor CapVis Equity Partners. KKR will push WMF to expand into new markets, including the United States and Asia. Founded in 1853, WMF mainly produces knives and cutlery, coffee machines and a variety of table-top appliances.
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