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Perusa invests in MBN-PROLED

Perusa Partners Fund 2 has acquired a majority 51 per cent stake in MBN (MBN-PROLED) a specialist in the development, production and distribution of LED lighting.

Under the brand names PROLED and MBNLED, MBN-PROLED offers high-quality LED lighting, controllers and components worldwide. The partnership’s goal is to achieve a leading European position for the company through growth and acquisitions.
MBN-PROLED founder Bernd Menrad remains 49 per cent shareholder and continues to lead the company as sole managing director. Both parties have agreed not to disclose the purchase price and further details of the transaction.
Dr Christian Hollenberg, founding partner of Perusa, says: “With MBN-PROLED, the fund invests in an attractive business model. Considering the company a ‘LED native’, it has a very high technical level, a strong brand established over decades and efficient processes as the basis for further highly profitable growth”.
Perusa, together with Bernd Menrad and his team, is planning to develop MBN-PROLED into a European market leader in the growing market of professional LED lighting. Opportunities for this lie in the expansion of the sales network as well as the product and service range and the acquisition of further companies in the lighting industry.
“The European lighting industry is a very fragmented market, which is undergoing radical change due to the profound conversion to LED lighting and increasing digitalisation,” adds Perusa Investment Director Dr Stephan Beller. “Many market participants see their traditional business model in jeopardy and are faced with the challenge of switching to new technologies. Together with Perusa, MBN-PROLED intends to invest in other promising market participants through selective acquisitions.”
Since its foundation in 1988, MBN-PROLED has grown profitably in the long term and has established itself as a constant fixture in the professional lighting market in German-speaking countries and beyond,” Menrad says. “After almost 30 years of hard work, I look forward to taking the company to the next level with Perusa”.

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