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Equistone sells Bien-Zenker to Goldman Sachs

23.03.2021 − 

Equistone Partners Europe has sold its majority shares in Bien-Zenker and its subsidiary Living Fertighaus as well as Hanse Haus - which are consolidated in Oikos Group - to the fund West Street Capital Partners VIII managed by Goldman Sachs. No information has been disclosed concerning the purchase price, details of the transaction or potential changes in personnel. The sale is still subject to the usual approval by the competent authorities. West Street Capital Partners VIII was established in November 2020. The fund, which is backed with some US$1.85bn, mainly focuses on shareholdings in western Europe.

The transaction means that ownership of the prefabricated house manufacturers has changed for the third time within just eight years. In August 2013, Adcuram Group had initially acquired a majority stake in the company through a subsidiary. Then, over the course of the first quarter of 2018, the sale of Adcuram to Equistone was concluded.

Currently, more than 1,300 persons are employed within the Oikos group. In the 2020 financial year, group turnover of just over €400m was generated, of which €215m was attributable to Bien-Zenker alone.

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