PwC Corporate Finance advises Hangzhou Great Star Industrial Co. Ltd. on the acquisition of Lista Holding AG
Zurich | PwC Corporate Finance acted as lead advisor to Hangzhou Great Star Industrial Co. Ltd. (“GreatStar”) on the acquisition of Lista Holding AG (“LISTA”), the leading European manufacturer and distributor of high-quality workspace equipment and storage systems for the industrial and service sectors, from Capvis Equity II LP ("Capvis"), which acquired a majority stake in LISTA in 2006.
The acquisition of LISTA fits perfectly into our strategy. We are enthusiastic about the employees and the management of LISTA. The strength of its brand and its positioning in Europe are further success factors. LISTA enables GreatStar to significantly expand its European strategy, which will also allow LISTA to open up new markets. With the excellent position of LISTA in Europe, we will also be able to expand our market and product portfolio.
Established in 1993, GreatStar is a cross-industry integrated enterprise mainly focusing on machinery manufacturing and hand tools. The company is headquartered in Hangzhou, China. The group achieved revenues of approximately USD 3bn and employs more than 11,000 people. GreatStar is one of the top 100 civilian-run enterprises in Zhejiang province and one of the top 500 civilian-run enterprises in China.
