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Key Terms
| > | On March 21, 2013, WHEB Partners provided HOFFMEISTER Leuchten GmbH with growth capital and acquired a majority interest in the context of a combination of capital increase and sale of shares. |
| > | Aquin acted as the exclusive M&A advisor to HOFFMEISTER and to the managing partners Oliver Hoffmeister and Jens Hanfland. |
Strategic Logic
| > | In recent years, HOFFMEISTER was able to develop a completely new portfolio of high-efficiency LED lighting systems. The provision of growth capital by WHEB enables HOFFMEISTER to further strengthen its position in the German market, accelerate their international expansion, improve their portfolio of products and support selective measures for operative optimization. In addition, the management expects the current market environment to provide attractive opportunities for the acquisition of competitors with complementary expertise. |
| > | Through the acquisition of an interest in HOFFMEISTER, WHEB succeeds to enter a growth market with a promising future. |
| > | HOFFMEISTER, founded in 1910, is one of the leading innovators of the German lighting industry. The company develops, produces and sells high-quality lighting systems for indoor and outdoor lighting based on conventional as well as on LED technology. |
| > | HOFFMEISTER unifies their own design, engineering and manufacturing skills under one and the same roof. The broad product range is mainly used within high-end architectural lighting. |
| > | For the year 2013, the company expects a turnover of 20 millions euros with approx. 130 employees at its facilities in Schalksmühle (Germany) and Dubai (UAE). |
| > | WHEB is the pioneer among European funds specialized in energy and resource efficiency. WHEB’s story began in 1995 as an award-winning incubator for environmentally friendly technologies. |
| > | In 2005, WHEB launched the first British fund which was broadly defined and specialized on resource efficiency and is currently managing two such funds with a total volume of 160 million euros. |
| > | The investment team of WHEB has its offices in London and Munich. |