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Argand Partners acquire OASE

New York-based private equity firm Argand Partners (Argand) has acquired Oase Management (OASE). Terms of the transaction have not been disclosed.

OASE is a 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.
“I am proud of the leading position and strong brand and product portfolio that our team has developed,” says 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 recognise 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 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.

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