Ideal Standard is a privately held multinational plumbing fixture company headquartered in Belgium.
The acquisition by Bain Capital was facilitated by Credit Suisse and Bank of America; the creditors subsequently struggled to dispose of their debt.
[6] The restructuring program was complete in 2011, but the company was loss making in 2012 due to poor sales.
[7] In 2013 the company reduced its workforce by 250 due to poor sales;[8] further restructuring was proposed in 2014, including a debt for equity swap with bondholder Anchorage Capital.
[11] In September 2023, it was announced Ideal Standard had been acquired by the Mettlach-headquartered ceramics manufacturer, Villeroy & Boch for €600 million.