Ballingslöv International, one of the leading European kitchen furniture groups, has acquired Kitchen Bath Ventures (“KBV”), the leading kitchen furniture manufacturing platform in Iberia, from Abac SV Fund II, FCR and Abac S Value II, SCR, private equity funds managed by Abac Capital Manager SGEIC, S.A.U. (“Abac Capital”).
Established by Abac Capital in 2022, KBV brought together the family-owned businesses OB Cocinas and Delta Cocinas, followed by the addition of the high-end brand DOCA in April 2024. The group specialises in the design, manufacture and commercialisation of kitchen furniture through complementary brands spanning the mid and premium segments of the market.
KBV has grown into the leading kitchen furniture manufacturer in Iberia, employing more than 350 people and operating over 80,000 sqm of state-of-the-art manufacturing facilities. The group serves a network of more than 700 active customers across Spain and exports approximately 35% of its sales.
Since Abac Capital’s investment in 2022, KBV has reached industry-leading standards in management, digitalisation, processes, quality and sustainability, becoming a certified B Corp and establishing itself as a benchmark in the industry.
With this acquisition, Ballingslöv International — which already operates a portfolio of leading European brands in the kitchen furniture industry — complements its geographic coverage and gains a strong strategic foothold in the Iberian market.
Luis Vicens, CEO of KBV, said: “We are delighted to become part of Ballingslöv International, a European leader with whom we share the same values. We look forward to leveraging its expertise and industry knowledge to drive the next phase of our growth in Iberia and beyond. We would also like to thank Abac Capital for its leadership and support in helping us build KBV into the leading kitchen furniture manufacturer in Iberia, strengthening our brands, industrial footprint and commitment to sustainability.”
Björn Hauber, CEO of Ballingslöv International, said: “The acquisition of KBV marks an important milestone in our group’s growth journey. KBV is a high-quality business with strong brands, modern manufacturing facilities and an excellent management team, and it adds further balance to our diversified geographic footprint. We believe KBV is well positioned to continue strengthening its leading position under the leadership of Luis Vicens and his team, and we very much look forward to welcoming KBV’s employees to our group.”
Borja Martínez de la Rosa, Founding Partner of Abac Capital, said: “We are confident that KBV has found the right strategic fit in Ballingslöv International, whose strong industrial heritage and shared values make it the ideal partner for KBV's next stage of growth. We wish them every success in this exciting new chapter.” Marc Faiges, Partner at Abac Capital, added: “We are extremely proud of the transformation achieved by KBV during our ownership. The KBV team has successfully built on the legacy of the founding businesses, establishing KBV as a leading industrial platform. We would like to thank Luis and the entire team for their dedication and outstanding execution throughout this journey.”
In this transaction, Abac Capital was advised by Rothschild & Co (M&A) and EY (due diligence and transaction documentation). Ballingslöv International was advised by Uría Menéndez (legal and labour due diligence, as well as transaction documentation), Deloitte (financial, tax and IT due diligence) and ERM (ESG due diligence).
About Abac Capital
Abac Capital is a private equity fund manager supported by institutional investors from Europe, the US and Asia Pacific. It invests in mid-cap Spanish companies with scope for international expansion and digitalization. The Abac team, led by Oriol Pinya, Borja Martínez de la Rosa, Federico Conchillo, Marc Faiges, and Germán López boasts more than 120 years’ experience in the private equity sector and a track record that includes a broad spectrum of sectors, markets, development phases and types of debt and equity instruments. Abac Capital is B Corp-certified, evidencing its commitment to sustainability. Further information is available at www.abaccapital.com
About Ballingslöv International
Ballingslöv International is one of Europe’s largest kitchen furniture manufacturers. The group operates a broad portfolio of well-established kitchen, bathroom and storage brands, including Ballingslöv, Kvik, Multiform, JKE Design, DFI-Geisler, DANKÜCHEN and Paula Rosa Manhattan. Its offering spans from affordable and contemporary concepts to exclusive, high-end solutions, serving both consumer and project markets. Ballingslöv International has production sites in Sweden, Denmark, Austria and the UK, and sells in more than ten countries, mainly in Europe, through a variety of distribution channels, including specialist stores and home-improvement chains.
Further information is available at www.ballingslovinternational.se
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KBV has grown into the leading kitchen furniture manufacturer in Iberi...
