The owners of Swiss leather upholstery and seating furniture manufacturer de Sede, Hans-Peter Fässler and Bernhard Schüler, have agreed to sell the company to Zurich-based private equity firm Capvis for an undisclosed sum.

According to Capvis the transaction “sets the course to strengthen the position of the international top-brand and to preserve the future of de Sede”. Mr Fässler and Mr Schüler will both remain with the company.

Capvis already has several interests in the European furniture industry and currently holds a majority stake in Germany's Machalke Polsterwerkstätten.

Based in Klingnau, de Sede distributes its products under the brands ‘de Sede’ and ‘FSM’.

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