Equistone sells tyre-making machine manufacturer Karl Eugen Fischer
Funds managed by Equistone Partners Europe (Equistone) have agreed to sell a majority stake in Karl Eugen Fischer, a manufacturer of cord-cutting machines for the tyre industry. Equistone acquired Karl Eugen Fischer in August 2013 and is now selling its stake to DBAG Fund VII, managed by Deutsche Beteiligungs AG.