Swiss private equity firm Capvis has acquired leather furniture maker de Sede. The target company, also based in Switzerland, was bought from Hans-Peter Fässler and Bernhard Schüler for an undisclosed sum.

Swiss private equity firm Capvis has acquired leather furniture maker de Sede. The target company, also based in Switzerland, was bought from Hans-Peter Fässler and Bernhard Schüler for an undisclosed sum.

The deal expands Capvis’ furniture-manufacturing portfolio and is part of the owners’ succession plans. Fässler and Schüler retain operational responsibilities as well as a minority stake in the business.

Lenz & Staehelin acted as legal adviser to Capvis with partner, head of corporate and M&A, Rudolf Tschäni leading the team, with associates Stephan Erni and Philipp Jermann.

Tschäni said: “We conducted legal due diligence, represented Capvis in the negotiations of the sale and purchase agreement vis-à-vis the sellers, and provided advice on regulatory matters, in particularly anti-trust law.”