
WHEB Partners backs Hoffmeister Leuchten
WHEB Partners has invested in German low-energy lighting business Hoffmeister Leuchten GmbH.
WHEB becomes the majority shareholder in Hoffmeister and provided growth capital. The deal originated through proprietary network sources.
The fresh capital will be used to consolidate the company's position in its home market, drive international expansion, broaden the product portfolio and further refine operational excellence.
Hoffmeister may also seek acquisitions of lighting companies with similar expertise.
Company
Founded in 1910 and based in Lüdenscheid, Hoffmeister has in recent years developed a new portfolio of highly efficient LED and conventional lighting solutions for professional applications.
Hoffmeister's technological expertise enables the company to engineer LED customer solutions with high cost savings due to their energy efficiency and lifecycle.
People
Joerg Sperling led the deal for WHEB. Oliver Hoffmeister is the managing director of Hoffmeister Leuchten.
Advisers
Equity – Aquin & Cie (Corporate finance); PSP Peters Schonberger (Financial due diligence); Reed Smith (Legal, IP due diligence).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater