Clifford Chance advised a banking syndicate on the financing of the acquisition of Schock Group by IK Investment Partners Fund VIII. The parties have agreed not to disclose the amount of the financing or the transaction volume.

Schock Group is a leading manufacturer of kitchen sinks made of granite and holds a world market share of approximately 21%. The company was previously owned by HQ Equita.

IK Investment Partners is a pan-European Private Equity Investor predominantly investing in Scandinavia, Germany, Switzerland and Austria as well as in France and Belgium. Since 1989, IK Investment Partners have invested approximately EUR 7.5 billion in more than 100 European companies.

The Clifford Chance team was led by partner Thomas Weitkamp (Banking & Capital Markets, Munich) and included senior associate Matthias Töke (Frankfurt) and associate Christian Cranmore (Munich, both Banking & Capital Markets), partner Dr. Kerstin Kopp (Corporate/Private Equity, Frankfurt) as well as partner Thorsten Sauerhering (Tax, Frankfurt).