20.01.14

HARRY’S PURCHASES RAZOR MANUFACTURER FEINTECHNIK

ADKM Inc., owner of Harry’s, a men’s grooming brand servicing the U.S. market, completed the purchase of Feintechnik GmbH Eisfeld, a 93-year-old German manufacturer of razor blades, from funds advised by Invision Private Equity AG and Alpine Equity Management AG, the advisor of Hypo Equity. Terms of the deal were not disclosed.

“We are very excited to add the expertise and heritage of Feintechnik to the Harry’s team,” said Andy Katz-Mayfield and Jeff Raider, Co-Founders and Co-CEOs of Harry’s. “Feintechnik has nearly a century of experience crafting premium quality razor blades, lending industry and product knowledge that will be invaluable as Harry’s continues to grow.”

“We are pleased to complete the sale of Feintechnik to Harry’s,” said Omer Rehman, Partner at Alpine Equity. “Feintechnik is a strong company, and we have no doubt that Harry’s will help usher it into the next phase of growth.” And Martin Spirig of Invision added: “We worked closely with Feintechnik’s management in the past six years. As a result, revenues have nearly doubled and the company made substantial technological progress during our funds’ investment period. We are confident that Harry’s is the ideal partner for Feintechnik to continue its success story.”

Feintechnik is located in Eisfeld, Germany. Founded in 1920, the company has nearly a cen-tury of experience crafting some of the world’s finest razor blades.

Harry’s is a men’s grooming brand headquartered in New York, NY. The brand has worked with Feintechnik since its inception nearly a year ago.

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