Oikos Group gets debt to support Goldman Sachs-led buyout

Goldman Sachs managed fund West Street Capital Partners' acquisition of Oikos Group GmbH from Equistone is backed by a financing package of more than €300 million that includes a unitranche as well as committed capex and acquisition facilities, according to a statement today.

Herter & Co. was sole debt adviser to Goldman Sachs, and Blackstone Alternative Credit Advisors underwrote the financing.

Oikos is a leading B2C provider of prefabricated single and two-family houses through brands such as Hanse Haus, Bien-Zenker and Living Haus. Equistone first invested in the group in 2018; since then it has expanded beyond its core German market into Austria, Switzerland and the U.K. The firm reported a turnover of more than €400 million in 2020 and now employs around 1,300 people.

Alantra advised Equistone in the deal.