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).
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