London-based investment group BC Partners has acquired Friedrich Grohe AG. BC Partners now controls 100% of Grohe's voting stock, which was purchased from the Grohe and Rost families for an undisclosed amount in what is said to be the largest leveraged buy-out in German history.

"BC Partners is a company with excellent financial resources that operates successfully on an international scale," said Peter K”rfer-Sch¿n, Grohe's CEO, in a statement. "This new structure will open growth opportunities for Grohe including new acquisitions potential of our own."