Private investment manager Partners Group has agreed to acquire a majority equity stake in German toy company Schleich.
Partners Group purchased the stake from investment company Ardian, which had been searching for buyer since early this year, for an undisclosed amount.
The company will continue to be headed up by Schleich senior leadership team, led by CEO Dirk Engehausen. Partner Group says it will work with management to continue Schleich’s growth, developing the brand for further expansion globally and secure new partnerships with online and bricks and mortar retailers.
“We are delighted to team with Partners Group, with its global footprint and strong operational capabilities, to lead Schleich in our exciting growth plans,” says Dirk.
“While the company has firmly established itself as a leading toymaker in the DACH region, we see huge potential to build on our presence internationally and are committed to establishing the company as a true leader in the global toy market. We look forward to partnering with the Partners Group team to identify new regions and opportunities for long-term growth.”
With its roots in Germany stretching back to 1935, Schleich has steadily grown into an internationally recognised toy brand, with products sold in over 50 countries worldwide and more than 40,000 points of sale online and offline. It has particularly strong market presence in the UK and recently hired a new senior team to lead it US business.
Kim Nguyen, partner, Head Private Equity Europe, Partners Group, adds: “With its core mission to promote creativity and imagination in children’s play, Schleich’s unique brand gives it huge potential for growth. Given our global presence, and rich entrepreneurial experience across sectors, we believe Partners Group is the right partner to help Schleich realise this potential.”