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Capvis buys leather furniture maker

Swiss private equity firm Capvis has acquired leather furniture maker de Sede. The target company, also based in Switzerland, was bought from Hans-Peter Fässler and Bernhard Schüler for an undisclosed sum.

The deal expands Capvis’ furniture-manufacturing portfolio and is part of the owners’ succession plans. Fässler and Schüler retain operational responsibilities as well as a minority stake in the business.

Lenz & Staehelin acted as legal adviser to Capvis with partner, head of corporate and M&A, Rudolf Tschäni leading the team, with associates Stephan Erni and Philipp Jermann.

Tschäni said: “We conducted legal due diligence, represented Capvis in the negotiations of the sale and purchase agreement vis-à-vis the sellers, and provided advice on regulatory matters, in particularly anti-trust law.”

Lenz & Staehelin is the largest law firm in Switzerland. It has an international outlook and many years of experience in advising in legal matters. The firm’s solution-orientated work method is founded on market and industry knowledge. From this base it provides legal advice that is both focused and personal.

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