Herter & Co. advised private equity fund Family Trust Beteiligungsholding (“FTI”) on the financing of its acquisition of family business Dietsch Polstermöbel (“Dietsch”), a fully integrated manufacturer of upholstered furniture in Germany.
The acquisition financing package was provided by HF Debt and Bright Capital.
Dietsch, located in Schmalkalden (Thuringia), is a well-established German manufacturer of upholstered furniture that offers high-quality products for the furniture retail industry. The company covers the whole value chain from the design of its products to final upholstery. Members of the founding family will continue to hold important operational positions.
Herter & Co. acted as Sole Debt Adviser to FTI.
FTI is a private equity fund based in Munich and is focused on profitable mid-sized companies in the German-speaking area. FTI supports its portfolio companies on identifying growth potentials and becoming market leaders in their respective industries.