Bär & Karrer Facilitates Sale of Nokite
Deal News | Dec 04, 2024 | Legal Community Swiss
Bär & Karrer has played a pivotal role in advising funds linked to Equistone on the sale of Nokite EcoSmart Water Heating Systems (Guangdong). As a private-label manufacturer of kitchen fittings, Nokite was sold from KWC Group to Franke Asia Sourcing. Bär & Karrer's team, comprising several partners and associates across different specialties, underscored the breadth of consultancy required for the transaction. This included comprehensive M&A, tax, IP/IT, data protection, and antitrust legal services, illustrating the complexity and cross-disciplinary nature of modern divestments. Led by partners Christoph Neeracher and Philippe Seiler, their collaboration successfully facilitated the transition for Equistone, marking a significant shift in portfolio strategy.
Sectors
- Legal Services
- Private Equity
- Manufacturing
Geography
- Switzerland – Bär & Karrer, the legal advisor, is based in Switzerland, influencing the geographical focus of the deal closures.
- China – Nokite's operations, as a manufacturer located in Guangdong, give the transaction an international aspect involving China.
Industry
- Legal Services – Bär & Karrer, a law firm, is central to the advisory aspect in the reported sale.
- Private Equity – Equistone is a private equity firm involved in selling Nokite, exemplifying a key activity in this sector.
- Manufacturing – Nokite, a manufacturer of kitchen fittings, represents the manufacturing industry involved in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bär & Karrer | Legal Advisor | Company | Swiss law firm advising on the legal aspects of the transaction. |
| Equistone | Seller/Private Equity Firm | Company | Private equity firm managing the sale of Nokite EcoSmart. |
| Nokite EcoSmart Water Heating Systems | Target Company | Company | Manufacturer of private-label kitchen fittings sold in this transaction. |
| Franke Asia Sourcing | Buyer | Company | Acquired Nokite from Equistone, expanding its business operations. |
| KWC Group | Owner/Selling Entity | Company | Nokite was a part of KWC Group before the sale. |