Aquin Advises:

On The Entry Of:

Aquin Advises:

On The Entry Of:

Key Terms

> In the course of a structured takeover through consecutive capital increases (for the first time on March 4, 2011), CORONA EQUITY Partner AG took over a majority stake in the SBF Spezialleuchten Wurzen GmbH and its subsidiary, the Leuchtenmanufaktur Wurzen GmbH.
> Aquin acted as the exclusive M&A advisor to the owners of SBF Spezialleuchten Wurzen GmbH.

Strategic Logic

> With the strengthened equity basis, SBF is able to realize growth investments into current and non-current assets in order to maximize its revenue and profitability potential.
> The stake in SBF offers CORONA the opportunity to actively accompany the business along its growth path and to realize attractive value enhancement potentials through its development towards becoming a »key player« within the growth market of lighting for railway vehicles.

SBF Spezialleuchten

> For more than 60 years, SBF has been developing, constructing and manufacturing innovative lighting systems for the railway industry suited to customer requirements on a high-quality basis. Siemens, Bombardier, Alstom and Stadler are among SBF’s long-term customers.
> In the field of LED illumination for high-speed trains, SBF was able to establish itself as market leader in Germany.
> The Leuchtenmanufaktur Wurzen GmbH draws and produces historic lamps for buildings rich in tradition (e.g. Semper Opera in Dresden). It has a strong partnership with Swarovski and creates custom-made items for its private, international clients.

CORONA EQUITY

> The CORONA EQUITY Partner AG is a holding company, listed at the m:access Munich Stock Exchange and is headquartered in Grünwald (Germany).
> Its participations focus centers around mid-sized companies with a sustainable product structure in an attractive industry and revenues of minimum 30 million euros.

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