Funds advised by Equistone Partners Europe (Equistone) are to sell their majority stake in Oikos Group, a European provider of prefabricated houses, headquartered in Schlüchtern, Germany, to West Street Capital Partners VIII, a fund managed by Goldman Sachs.

Oikos Group, which combines the brands Hanse Haus, Bien-Zenker and Living Haus, is one of the leading B2C providers of single and two-family houses with a focus on creating future-oriented, sustainable living spaces.The group currently employs around 1,300 people and increased its turnover to more than EUR400 million in 2020.

Stefan Maser, Partner at Equistone, says: “In the past three years, Oikos Group has achieved an outstanding development. ”

Marco Hammer, CEO of Oikos Group, adds: “Together with Equistone, we have been able to strengthen our leading position across Europe, targeting important areas such as digitalisation as well as the expanding our competence in ESG and a sustainable marketing strategy.”

Read more at Private Equity Wire