Polaris Private Equity has agreed to buy Louis Poulsen Lighting, a supplier of architectural lighting. Louis Poulsen’s management team will continue to run the company on a daily basis.
Polaris Private Equity has signed an agreement to acquire Louis Poulsen Lighting, one of the world’s most significant suppliers of architectural lighting, and the company’s subsidiaries.
Louis Poulsen manufactures and sells lighting fixtures – including the iconic “PH” lamps – to private consumers and professionals. The company’s current owner – Italian Targetti Sankey Group – acquired Louis Poulsen in 2007 from shareholders including Polaris, which had owned the company since 1999.
“We are pleased that, in Polaris, we have a financially strong owner with extensive knowledge of our business and the ability to give Louis Poulsen the best conditions for focusing on continued development of the company and our unique products. We have created a stronger company in recent years through dedicated efforts to streamline production and improve the quality level – and with Polaris on board, we are now prepared to put growth on the agenda again,” said Søren Schøllhammer, Vice President at Louis Poulsen.
Louis Poulsen’s day-to-day management team will continue unchanged. The company employs 450 staff with headquarters located in Copenhagen. The majority of the company’s around 300 Danish employees work in the company’s modern production facility in Vejen, where 217,000 units were manufactured in 2013.
Louis Poulsen’s 2013 revenue is expected to come to around 675 million DKK (90 million EUR), of which approximately 70% derives from international sales.
”Louis Poulsen is a well-run business with strong development competencies, efficient and highly specialized production processes, and a prominent brand in Denmark and internationally. The company’s unique products and status as a design icon is a strong foundation for further growth, and we are looking forward to contributing to its development in the coming years, where we will ensure that Louis Poulsen is given the right conditions for realizing the company’s significant potential,” said Allan Bach Pedersen, Partner at Polaris.
The agreement is subject to customary approvals, and the parties have agreed not to disclose the acquisition price.
For further information, please contact:
Louis Poulsen Lighting – Søren Schøllhammer, Vice President
Tel.: +45 70 33 14 14
Polaris – Allan Bach Pedersen, Partner
Tel.: +45 40 30 24 15
About Polaris Private Equity (www.polarisequity.dk)
Polaris Private Equity is a Danish private equity fund, based in Copenhagen, focusing on buy-out
investments in well-established small and midcap companies in Denmark and Sweden. Polaris’ first fund of
188 million EUR was realized in 2008, and Polaris has 635 million EUR under management in Fund II and
III. Polaris focuses on investments in companies with development potential and a typical turnover of 25-200
million EUR. To date, Polaris has invested in 29 companies and exited 14. In addition, more than 50 add-on
investments have been made within the companies.
About Louis Poulsen Lighting (www.louispoulsen.com/dk)
Louis Poulsen Lighting is one of the world’s most significant suppliers of architectural lighting and produces,
markets and sells lighting fixtures to private consumers and professionals. The company has 450 staff, and
the majority of its 300 Danish employees are engaged in the modern production facilities in Vejen. Louis
Poulsen’s 2013 revenue is expected to come to around 675 million DKK (90 million EUR) of which
approximately 70% derives from international sales. Scandinavia, Germany, the US and Japan are among
Louis Poulsen’s principal markets.