Aquin Advises:
On The Entry Of:
Key Terms
| > | With effect from July 22, 2014, Finatem acquired a 75 percent majority stake in licht|basis GmbH based in Estenfeld (near Würzburg, Germany). |
| > | Management remains in the hands of the founders of licht|basis GmbH, Jürgen Meissner, Stephan Spahn and Heike Rappel. They also retain a 25 percent stake. |
| > | Aquin acted as an exclusive M&A advisor to the founding shareholders of licht|basis. |
Strategic Logic
| > | Within the context of sustainable development, licht|basis wants to further broader its position and realize growth potential, currently offered due to a strongly changing market – especially through strategic acquisitions. |
| > | By including the licht|basis GmbH in its portfolio of companies, Finatem enters the promising growth market of professional lighting that is strongly driven by the LED technology shift. |
| > | The acquisition further diversifies the Finatem III fund, which up until now has mainly invested in the manufacturing industry, particularly into the specialized distribution sector. |
licht|basis
| > | licht|basis GmbH was founded in 2000 and has grown into a leading European wholesaler and planning company specializing in the commerce of luminaires and lamps. The company sells high-quality lighting products for professional applications only. |
| > | Due to its know-how in lighting technologies, reliability in prompt delivery and experience in light-planning services the company attracts an extremely broad and diversified customer base. Among the strongest customer segments are electricians and international retail chains. |
| > | In 2014, licht|basis expects a turnover of about 65 million euros. |
Finatem
| > | As an independent and partner-managed financial holding company based in Frankfurt, Finatem invests through majority ownerships in German, Austrian and Swiss companies focusing on medium-sized businesses with sales volumes between 25 million and 125 million euros as well as growth potential. |
| > | Due to its extensive international experience in private equity and the industry, Finatem is a reliable partner for its portfolio companies. Finatem builds long-term partnerships with the aim of supporting each company’s development to the fullest. |