Investindustrial‘s commitment in the design world continues to grow. A subsidiary of the fund has acquired Louis Poulsen, a Danish high-end lighting brand. The transaction – which is expected to close in the third quarter of 2018 and whose financial details haven’t been disclosed yet – allows Investindustrial to further expand its portfolio in the design sector, which today counts among its subsidiaries Flos (from 2014), B&B Italia (from 2015), Arclinea (from 2016) and Oka (since late 2017).
Andrea Bonomi, Chairman of the Industrial Advisory Board, says: “We are delighted to welcome Louis Poulsen among our investments. The company enjoys a world class reputation. Founded in 1874, Louis Poulsen exports to over 50 countries, with a particularly significant presence in Northern Europe, the United States and Japan; in 2017 it generated revenues of approximately 107 million euro.
“Louis Poulsen has a significant growth potential for further development and we will work closely with management to grow its business.” continues Bonomi. Søren Mygind Eskildsen, CEO of Louis Poulsen, also confirms this perspective: “I am pleased that we have partnered with Investindustrial to launch the next stage of our development. The global lighting industry remains as strong as ever and with Investindustrial’s rich experience in the design sector and expertise in driving the internationalization of brands, we are looking forward to working with them to achieve further international growth.”
