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Investindustrial acquires Louis Poulson

An investment subsidiary of Investindustrial VI (Investindustrial) has acquired Louis Poulsen A/S, a high-end lighting brand with a product portfolio rooted in a strong Danish design heritage, from private equity firm Polaris.

The transaction is subject to customary regulatory approvals and expected to close in Q3 2018. The financial details of the transaction have not been disclosed.
 
Headquartered in Copenhagen and with production in Vejen, Denmark, Louis Poulsen offers a high-end lighting product range for both indoors and outdoors. Louis Poulsen is a leading Scandinavian brand in the high-end luxury lighting industry and one of the main global leading lighting brands alongside Italian brands such as Flos. Founded in the late 19th Century, Louis Poulsen is world-renowned for its portfolio of iconic products such as the PH5 and PH Artichoke lamps.
 
Louis Poulsen currently exports to over 50 countries worldwide, with a core focus on the European Nordic Region, the USA and Japan. In 2017 the company generated revenues of approximately DKK800 million (EUR107 million).
 
Andrea C. Bonomi, Chairman of the Industrial Advisory Board, says: “We are delighted to welcome Louis Poulsen among our investments. The company enjoys a world class reputation and forms an important part of our design led portfolio of investments. We remain committed to the design sector since our investment in Flos in 2014. Investindustrial sees significant growth potential for Louis Poulsen and will work closely with management to grow its business.”
 
Søren Mygind Eskildsen, CEO of Louis Poulsen, says: “I am pleased that we have partnered with Investindustrial to launch the next stage of our development. The global lighting industry remains as strong as ever and with Investindustrial’s rich experience in the design sector and expertise in driving the internationalisation of brands, we are looking forward to working with them to achieve further international growth.”
 
“We are very satisfied with the development in Louis Poulsen during our ownership, and we are pleased to pass the baton to a skilled partner such as Investindustrial at a time when Louis Poulsen is stronger than ever. We were able to swiftly and with great focus make the right investments and get the right management team to join us on this journey, and that has contributed to ensuring profitable growth and a really good development in Louis Poulsen’s operations and sales efforts,” says Allan Bach Pedersen, Partner at Polaris.
 

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