Argand Partners Announces the Acquisition of OASE
Argand Partners (“Argand”), the New York‐based private equity firm, today announced the acquisition of OASE Management GmbH (“OASE”). Terms of the transaction were not disclosed.
OASE is the leading global provider of outdoor water gardening products with a growing presence in indoor aquatics products, which are sold under their biOrb and Highline programs. Founded in 1949, in Hörstel, Germany, OASE benefits from almost 70 years of brand heritage and is well‐known for its highly innovative and quality‐leading product solutions. The Company’s products stand for cutting‐edge design and exceptional ease‐of‐use. OASE is also a leader in complex fountain technology and has extensive experience designing large‐scale projects globally, including The Island in Pigeon Forge in Tennessee, USA; Dancing Fountain at The World Towers in Mumbai, India; and Crane Dance at Sentosa Island in Singapore.
OASE is the premier brand in its core markets, with products that reflect the demanding precision and quality of German design and engineering. The Company benefits from a truly global footprint with production facilities, in-house design teams, and R&D centers across North America, Europe, and Asia, and sales in more than 100 countries.
“I am proud of the leading position and strong brand and product portfolio that our team has developed,” said Thorsten Muck, Chief Executive Officer of OASE. “OASE has successfully expanded our target markets through product innovation and international expansion. We look forward to accelerating this expansion with Argand Partners. We believe that our customers and partners will benefit greatly from Argand’s extensive industry expertise and we are very pleased to be collaborating with them.” Birgit Kempe‐Heeger, Chief Financial Officer of OASE, added: “Our experience with Argand gives us confidence that we have found a professional and supportive partner who will help us achieve our ambitious goals.”
“We admire the position that the Company has built in the market, providing a full suite of solutions for outdoor and indoor water environments. OASE has built a loyal base of educated professional retailers as well as installers and consumers who recognize that innovation, quality, and reliability are synonymous with the OASE brand,” added Heather Faust, Partner and Managing Director at Argand Partners. “We look forward to partnering with the management team to support the Company’s growth and bring the Company’s expertise to new markets.”
Scott‐Macon, Ltd. served as the advisor to Argand Partners. The acquisition has also been supported by a loan facility provided by Hayfin Capital Management LLP. Winston & Strawn LLP and Greenfort Partnerschaft von Rechtsanwälten mbB acted as legal counsel to Argand. Latham & Watkins LLP acted as legal counsel to Hayfin.
About Argand Partners
Argand is a New York‐ and San Francisco‐based middle market buyout firm founded in 2015 by long‐time colleagues, Heather Faust, Howard D. Morgan, and Tariq Osman. Argand is a growth‐oriented, control investor focused on complex, often contrarian, situations that involve solid, market‐leading industrial and industrial‐oriented consumer businesses, often with significant global operations and expansion opportunities.
The Argand team has a disciplined approach to investing in businesses that have the potential for transformational value creation through the implementation of managerial, operating, and strategic initiatives. Argand focuses on investments into manufacturers and service providers, where the team has deep sector experience and can leverage its senior executive advisory network to drive the rapid execution of an investment thesis.