Aquin Advises:
On The Sale To:
Key Terms
| > | On September 1, 2012, the Licht & Optik (L&O) Group successfully closed the sale of its subsidiary Richard Schahl GmbH & Co. KG. In the course of a succession solution, the current management of Richard Schahl, together with Invest AG and Raiffeisen KMU Beteiligungs AG, took over 100 percent of the company. The management participates with a 30 percent stake. |
| > | Aquin acted as the exclusive M&A advisor to the L&O Group and in close cooperation with the management of Richard Schahl. |
Strategic Logic
| > | This transaction marks the first step of the L&O Group owner’s private succession plan. Through this takeover, the management team meets its wishes of becoming entrepreneurs. |
| > | For the capital providers, the participation in Richard Schahl represents an attractive investment, due to a stable and profitable existing business and a broad client base. With the dissociation of group interests and due to technological changes within the industry, potentials arise regarding the expansion of business activities of RSM. |
| > | Richard Schahl, headquartered in Munich (Germany), was founded in 1964 and is one of the leading distributors for speciality lamps. Besides hospitals, photo stores and stage operators, the business also supplies industrial companies. |
| > | The L&O Group is globally active in the field of special lamps, projector lamps as well as LED solutions and has 11 subsidiaries. |
| > | The INVEST AG is the private equity fund of the Austrian Raiffeisen Banking Group and specializes in Growth Financing and MBO/MBI transactions in the context of succession solutions. The fund has a volume of approximately 140 million euros and currently holds 30 companies within its portfolio. |
| > | The Raiffeisen KMU Beteiligungs AG, with its focus on medium-sized business financing, has a fund volume of 15 million euros and currently holds 25 companies within its portfolio. |