Swiss buyout shop Capvis has acquired natural clothing company Hessnatur from Primondo Specialty Group following clearance by the German and Austrian competition authorities. Hessnatur has more than 330 employees and distributes its products through catalogues, three retail stores and an online shop. Apart from Germany, Austria and Switzerland, hessnatur’s products are also available in the USA.
Capvis is the new owner of Hess Natur-Textilien GmbH, effective 25 June 2012. Primondo Specialty Group und Capvis signed and notarized the contract on 31 May 2012, pending competition clearance. The relevant German and Austrian competition authorities have now approved the transaction. The contract has thus automatically come into force and Capvis is the sole legal and commercial owner of Hess Natur-Textilien GmbH.
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Capvis leads its field in Switzerland and is one of the most active private equity houses in German- speaking Europe. Holding a current fund volume of EUR 600 million, Capvis invests mainly in leading medium-sized companies. Together with the management, the company aims to tap sustainable business potential and turn companies into success stories. Since 1990, the Capvis team has closed
41 transactions of total volume exceeding EUR 3 billion. Capvis has floated nine companies on the stock market and has repeatedly been voted Switzerland’s best private equity company by the international financial press.
hessnatur is a pioneer in natural clothing and a leading provider of sustainable apparel and home textiles in German-speaking Europe. The company is internationally recognized for its commitment to the highest social standards and fair trade. Today, hessnatur has more than 330 employees and distributes its products through catalogues, three retail stores and an online shop. Apart from Germany, Austria and Switzerland, hessnatur’s products are also available in the USA.