Successful Transactions with PwC

14/07/2017

PwC Corporate Finance advises Giroflex on the sale of the Group and its subsidiaries to Flokk A.S., a portfolio company of Triton

Zurich | A team of PwC Switzerland led by Sascha Beer, Partner Corporate Finance/ M&A, acted as lead advisor to Giroflex Holding AG, a manufacturer of award-winning office chairs generating c. EUR 42 million of revenues with c. 200 employees in Switzerland, Belgium, Germany, France and the Netherlands.

Flokk is one of the leading office chair manufacturers in Europe with sales of c. EUR 140 million and 550 employees. Acquired by Triton, a private equity fund, in 2014, the company has since then made several add-on acquisitions.

According to Flokk’s managing director, Lars Roiri, the acquisition allows Flokk to expand outside of Scandinavia with Giroflex complementing Flokk’s existing activities and geographic footprint. The acquisition is part of Flokk’s goal to double its turnover within three to five years via both organic growth and further acquisitions.

The team

Sascha Beer
Partner, Corporate Finance/ M&A

Marc C. Buser
Senior Manager, Corporate Finance/ M&A

Lasse Stünitz
Senior Consultant, Corporate Finance/ M&A

Nikola Gozze
Consultant, Corporate Finance/ M&A

Published by

Sascha Beer

Sascha Beer

Sascha Beer
PwC
Birchstrasse 160
Postfach, 8050 Zürich
+41 58 792 15 39

Sascha Beer has joined PwC in 2006 and is a Partner in the Corporate Finance/M&A group. Sascha has more than 15 years Corporate Finance experience and leads the industrial products segment within the deals group of PwC Switzerland.

Sascha Beer earned a bachelor in mechanical engineering and an executive MBA, additionally he is a certified IFRS accountant. As an attendee of the PwC global mobility programme, in 2008/09 he worked at the Corporate Finance office in Toronto, Canada.