ASC Investment acquires Radium Lampenwerk

Ledvance will remain both a customer and a supplier to Radium.

The transaction took place as part of Ledvance's strategic review of its conventional lighting portfolio, following its carve-out from Osram in 2017. Mergermarket reported in April 2018 that Ledvance had mandated Roland Berger to advise on the strategic review. Callista Private Equity acquired Ledvance Eichstätt as part of this review in August 2020, as reported.

Like Ledvance Eichstatt, Radium was also not considered to be a core business and a strategic auction process was conducted to find a new owner for the company.

ASC's acquisition of Radium is not leveraged.

Following the acquisition, ASC plans to support Radium in its establishment as an independent entity, as well as in its ongoing digitalisation. ASC said in a statement that its LED business has grown by 53% so far in 2020.

ASC Investments is an industrial holding group that focuses on special situations investments. The firm invests in businesses that it views as undervalued and with potential for financial and operational improvement. ASC targes companies with revenues of €20-300m and invests up to €15m per company, including capital for add-ons.

Company
Radium was founded in 1904 and was acquired by Ledvance in 1988. The company produces lamps and bulbs, including infrared lamps, smart lighting systems and LED strip lamps. Headquartered in Wipperfürth, the company has 230 employees and generates €40m in sales.

People
ASC Investment – Frederic Hierl, Johannes Pichler (managing directors).

Advisers
Equity – Eversheds Sutherland, Sven Schweneke (legal).
Vendor – Roland Berger (corporate finance).

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• Buyouts
• DACH
• Industrials
• Germany