CMP to acquire Selux
Capital Management Partners (CMP) has agreed to acquire Berlin-based lighting products provider Selux for an undisclosed amount, subject to approval from the German Competition Authority.
CMP will deploy capital from CMP German Opportunity Fund III, which held its final close in April 2019 on €250m.
Company
Selux was founded in 1948 and is based in Berlin, with offices abroad in the UK, Italy and the US. It provides indoor and outdoor lighting, supplying products for healthcare providers and municipal street lighting projects, among others.
The company changed its name from Semperlux to Selux in 2012. It has 114 employees, according to LinkedIn.
The group had a turnover of €89.9m as of the end of 2017. The figures filed at the time also showed a net loss of approximately €3.5m, according to Northdata.
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