GROHE Group shares to be acquired by LIXIL Corporation
- TPG and DLJ to sell their 87.5% equity interest in GROHE to LIXIL and Development Bank of Japan
- With an implied Enterprise Value of EUR 3.06 bn, this is the largest ever German investment by a Japanese company. The transaction is expected to close in Q1 2014
- GROHE and its subsidiary Joyou remain independent within LIXIL Corporation. CEO David Haines has signed new five-year contract
- GROHE to continue its strategy of sustainable growth, and to continue to be a leading consolidator in the international sanitary industry. LIXIL to support this strategy
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