Equistone buys Bien-Zenker and Hanse Haus
Bien-Zenker and Hanse Haus have a new owner. Funds of the private equity investor Equistone Partners Europe are taking over the two prefab construction businesses from Adcuram for an unnamed purchase price. The Munich-based investment company had entered the prefab housing market in 2013 by taking over the majority of shares in the listed Bien-Zenker AG. In 2014, the firm also acquired Hanse Haus from Schörghuber company Bayerische Hausbau. Both prefab builders together are expected to generate revenue of more than €300mn this year. Equistone wants to continue the growth strategy.
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