EQT Expansion Capital II has successfully closed its investment in Swiss based Koenig Verbindungstechnik AG (KVT).
KVT is a leading supplier of fastening and high-end sealing technology products and was sold by Debrunner Koenig Holding AG, a fully owned subsidiary of listed German Klöckner & Co. AG. In 2007, the Company generated revenues of around CHF200 million with over 300 employees globally. The Company is headquartered in Dietikon (Switzerland) and has own subsidiaries in Germany, Poland, Czech Republic, Austria and the US. Other markets are served via an intensive network of distribution partners throughout the world.
The growth strategy of the Company will be supported by the expansion of business activities in existing as well as in new international markets.
EQT Expansion Capital II supported a Capvis led equity consortium to finance the transaction.