Extract from M&A Insights

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Flokk Group signs agreement to acquire Profim
February 28, 2018

Flokk, a Triton Fund IV company, has signed an agreement to acquire Profim, a leading manufacturer of office chairs for the Eastern and Central European markets. This acquisition will reinforce Flokk’s position as the leading player in Europe for office chairs and workplace furnishings. Profim has enjoyed strong growth for several years with increasing market shares in its main markets, Germany and Poland. The purchase of Profim will be settled by shares in Flokk. Triton will remain as the majority owner of Flokk while the current owners of Profim, Innova Capital, one of the leading private equity funds in the CEE region, together with two founders, will be minority shareholders.

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