GCA Altium advises Egeria on the acquisition of KLAFS
KLAFS sold its first sauna in 1952 and has become the world’s largest manufacturer of premium integrated and high-end saunas and spa solutions. Today, the company operates 25 showrooms in the DACH region as well as four production sites in Europe and maintains a well-established distribution network covering 46 countries globally. KLAFS serves both residential and commercial segments including hotels and resorts, fitness and wellness centers, thermal spas and leisure baths as well as ships.
KLAFS has continuously shaped the market with ground-breaking innovations – such as the KLAFS S1 space-saving sauna, which transforms from the size of a wall cabinet to a fully functional sauna within 20 seconds at the touch of a button. Thanks to this innovative strength, KLAFS has grown from a small family business into a global industry leader.
Together with the new majority shareholder Egeria, KLAFS Founder Stefan Schöllhammer, who remains on board as Managing Director and a minority shareholder, Chairman of the Advisory Board Dr. Thomas Faisst, who also remains on board as a minority shareholder, and new shareholder Phillip Rock plan to continue the healthy growth of KLAFS. The focus will be on further geographic expansion and the further development of innovation leadership in the sauna, pool and spa sector.
Phillip Rock looks forward to Egeria’s support of the company’s growth in the coming years: “The team at Egeria thinks entrepreneurially as well as innovatively, and additionally brings experience in the residential housing sector. Together we will initiate the next growth steps.”
Dr. Thomas Faisst describes Egeria as “our partner of choice, who fits with us in terms of personalities, style and strategy and offers us the best prospects for the future.”
Hannes Rumer, Partner at Egeria, said: “We look forward to actively supporting the management and employees of KLAFS as a stable majority owner by investing in the growth and sustainable development of the company.”
Terms of the transaction were not disclosed. The transaction is subject to customary approvals from competition authorities, which are expected to be received in due course.