Aquin Advises:
On The Sale To:
Key Terms
| > | Effective June 30, 2021 the PROLED GROUP (“PROLED”), a specialist in the development, manufacture and distribution of LED lighting, has acquired a majority stake in the German premium lighting supplier, mawa design Licht- und Wohnideen GmbH (“mawa”). |
| > | In the course of the transaction, founder and previous owner, Martin Wallroth, takes a stake in PROLED GROUP, the joint parent company of mawa, Uni-Bright and MBN-PROLED. |
| > | Aquin acted as the sole M&A advisor to Mr. Wallroth. |
Strategic Logic
| > | The sale of mawa to PROLED allows Martin Wallroth to arrange his succession and offers mawa attractive development opportunities through cooperation in a larger group. |
| > | In addition, the acquisition marks an important step for PROLED on the way to becoming a leading European player in the lighting market. |
| > | Mr. Wallroth continues to lead the company’s fortunes as Managing Director and is supported by Peter Gawlik, who recently joined PROLED from FLOS D/A/CH GmbH. |
MAWA DESIGN
| > | mawa offers technical lighting of the highest LED quality for museums, public spaces, retail, office and the private segment, among others. |
| > | The company, founded by Martin Wallroth over 40 years ago, relies on its own production in Germany. It combines intelligent robotics with solid craftsmanship and thus stands for premium quality “Made in Germany”. |
PROLED GROUP
| > | PROLED GROUP is an international lighting group majority owned by Perusa Partners Fund 2, LP. |
| > | The group’s strategy is to grow both organically and through acquisitions. |
| > | It currently comprises three companies (mawa, Uni-Bright and MBN-PROLED) with headquarters in Germany and Belgium. |