Sale of Nordlux to Dansk Generationsskifte
ATRIUM Partners advised Nordlux
Sale of Nordlux to Dansk Generationsskifte
Sector(s) : Consumer goods
Date : July 2008
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Nordlux
ATRIUM Partners acted as financial advisor to Nordlux Holding A/S in connection with the sale of Nordlux A/S to Dansk Generationsskifte A/S, a Danish private equity company.
Nordlux, which is based in Ålborg, was founded in 1977 and is one of the leading Nordic suppliers of in – and exterior lighting for private homes. The company’s products, which belongs in the low price segment, are distributed through a range of Danish and foreign DIY retailers and lighting stores.
Nordlux focuses on design, development, sales and marketing and both the production and distribution has been outsourced.
The divestment of Nordlux has been carried out as part of CEO Jørgen Havemann’s wish for succession planning, and as a part of the development and strengthening of Nordlux’s position.
In connection with the divestment the former owners, and Jørgen Havemann, acquires a 25 % ownership in the company along side a continued representation in the board of directors.
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