• EQT Expansion Capital II to sell its minority stake in SFC KOENIG, a leading provider of high-quality sealing and flow control technology, to IDEX Corporation
• During EQT Expansion Capital II’s investment period, SFC KOENIG has strengthened its R&D capabilities and embarked on an international expansion path
EQT Expansion Capital II (“EQT Expansion Capital”) has agreed to sell its minority stake in SFC KOENIG (a Switzerland-based leading provider of high-quality sealing and flow control technology) alongside the majority shareholders Capvis and HgCapital. The buyer is IDEX Corporation (“IDEX”), a producer of highly engineered fluidics systems and components headquartered in Lake Forest, Illinois, in the US. Completion is subject to, amongst other things, regulatory approval.
With roots dating back to 1927, SFC KOENIG took its current form in 1985. Over the following 30 plus years, the company evolved to serve markets across the world with a wide range of sealing and flow control technologies including core products such as the KOENIG EXPANDER® sealing plugs and KOENIG RESTRICTOR® orifices. In 2008, EQT Expansion Capital financed the acquisition of SFC KOENIG lead by Capvis and HgCapital, who jointly acquired the majority. Since the acquisition, SFC KOENIG’s strategic profile has been sharpened, substantial investments have been made in R&D capabilities and the company has embarked on an international expansion path.
“We are happy to join the IDEX family, a platform which convinced us to be an ideal environment to support our initiatives and achieve our long term targets,” says Alparslan Kütükçüoglu, CEO of SFC KOENIG. “Both our companies are committed to highly engineered products, innovation and deep customer relationships.”
Dr. Andreas Fischer, Partner at EQT Partners, Investment Advisor to EQT Expansion Capital II
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EQT is a leading global private equity group with approximately EUR 30 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
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