Triton Fund V advised by Triton has signed an agreement to acquire the inventor and one of the globally leading providers of quartz composite kitchen sinks SCHOCK GmbH (“SCHOCK”) from IK Investment Partners. International law firm Clifford Chance has advised Triton on this transaction. Financial terms and conditions are not disclosed.
SCHOCK GmbH, headquartered in Regen, Germany, has a leading global market position in the design and production of premium quality quartz composite kitchen sinks with a diverse customer base consisting of more than 2,000 clients in over 70 countries. The company is known for its innovative, high-quality products and has a strong focus on sustainability underlined by the recently introduced Green Line, with sinks made up of over 99% natural, renewable or recycled raw materials. Besides the broad offering of kitchen sinks the company also offers faucets, shower trays and related accessories.
Triton will partner with the Schock management team to develop the company further, including by supporting its international growth.
The Clifford Chance team advising Triton on the acquisition of SCHOCK comprised partners Anselm Raddatz (Dusseldorf/Frankfurt) and Frederik Mühl (Frankfurt), associates Daniel Gutmann (Frankfurt) and Marie-Christine Schulte (Dusseldorf), and senior associate Liza Laube (all Corporate/Private Equity).
Furthermore the team consisted of partner Felix Mühlhäuser, counsel Cord von Mandelsloh (both Tax, Frankfurt and Dusseldorf), partner Marc Besen and senior associates Anne Filzmoser and Arne Gayk (all Antitrust, Dusseldorf), partner Claudia Milbradt, senior associate Nicolas Hohn-Hein and associate Judith Dany (all IP, Dusseldorf), partner David Pasewaldt and associate Katrin Wick (both Litigation/White Collar, Frankfurt), partner Thomas Voland (Regulatory, Dusseldorf), partner Ines Keitel and senior associate Mario Maier (both Employment, Frankfurt and Munich) as well as counsel Susanne Werry and associate Michael Kümmel (both Corporate, Frankfurt).
From the Clifford Chance Shanghai office advised partner Glen Ma and associate Echo Yang (both corporate); partner Kevin Lehpamer and associate Rachel Park were involved from the New York office (both Corporate/M&A).
