Sector: Consumer goods
Country: Finland
Fund: EQT IV
Entry: Apr 2005
Exit: Feb 2015

EQT IV acquired Sanitec in 2005. Sanitec is the leading producer of bathroom ceramics in Europe. The company has a number one or two position in bathroom ceramics in 12 of its 13 core markets and commands a strong position in growth markets, including Russia. Sanitec’s brand portfolio includes many of the longest-established and most well-known brands on the European bathroom fixtures market. The products are primarily sold to wholesalers, as well as directly to retailers (including DIY outlets) and installers, and benefit from longstanding and stable customer relationships.

Sanitec was listed on Nasdaq OMX Stockholm in December 2013. EQT IV completed a further partial sell-down through an accelerated book build offering in May 2014, and the final sell-down in connection with the completion of the public tender offer by Swiss sanitary technology group Geberit AG in February 2015.

Key events during EQT's ownership