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POELLATH advises Egeria on acquisition of the Klafs Group

POELLATH has advised the independent pan-European investment company Egeria on the acquisition of the Klafs Group, the world's largest manufacturer of sauna systems. The transaction is still subject to antitrust approvals.

Founded in 1952 and based in Schwäbisch Hall, Germany, Klafs Group is the world’s largest manufacturer of high-quality integrated sauna systems, steam rooms and supplementary products and services. The range includes customized and high-quality saunas and spas for both the private and commercial sectors (hotels, spas, fitness studios). Klafs employs over 700 people and operates 25 showrooms in the DACH region, as well as a fully integrated value chain at four European production sites (Schwäbisch Hall, Miloslaw, Sittenhardt and Mudau). In addition to the Klafs brand, the company also operates Röger (saunas in the mid-price segment) and SSF (premium swimming pools) as independent brands.

Egeria, an independent investment company specializing primarily in private equity, invests in medium-sized companies with an enterprise value of between EUR 50 million and EUR 350 million. With almost 10,000 employees, Egeria’s portfolio companies generate combined sales of approximately EUR 2 billion. With Egeria as its new majority shareholder, the Klafs Group intends to sustain the company’s growth through further international expansion and acquisitions.

POELLATH advised Egeria on all legal and tax aspects of the acquisition with the following Munich team:

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