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CONSUMER GOODS

The pervasive sport and design affinity shared by the Aquin team has shaped the consumer goods sector at Aquin. The generally very diverse consumer market is covered by Aquin in particular through experience and industry experts and consists of the following selected sub-sectors:

> Clothing & Textiles
> Luxury Goods
> Furniture
> Bikes & Sporting Goods

Brands and quality play a major role in the consumer sector, especially as they relate to M&A activities. The athletic and at the same time sustainable zeitgeist of today's society offers the perfect platform for up-and-coming companies with innovative products to establish themselves in a growing market environment. This regularly leads us to exciting opportunities to support brand companies and fast-growing niche players in their sales process. Our experience from previous transactions in the industry and our well-connected industry experts ensure process efficiency.

SENIOR ADVISOR

Dr. Joachim Volland - Senior Advisor Aquin
Dr. Joachim Volland
Bicycles & E-Mobility
AQUIN Link  Vita
Dr. Kurt Gerl - Senior Advisor Aquin
Dr. Kurt Gerl
Beleuchtung und Elektrogrosshandel
AQUIN Link  Vita
Dr. Joachim Volland - Senior Advisor Aquin
Dr. Joachim Volland
Bicycles & E-Mobility
AQUIN Link  Vita
Dr. Kurt Gerl - Senior Advisor Aquin
Dr. Kurt Gerl
Beleuchtung und Elektrogrosshandel
AQUIN Link  Vita

SELECTED REFERENCES

Key Terms

>   Effective September 11, 2020 the family office, Emendo GmbH, acquired 100 percent equity in Nils Holger Moormann GmbH.
>   Nils Holger Moormann engaged Aquin as the sole M&A advisor.

Strategic Logic

>   The sale of Nils Holger Moormann GmbH to younger entrepreneurs allowed Nils Holger Moormann, at the age of 67, to arrange his succession.
>   Nils Holger, along with his wife Silke Moormann, will remain on the management board until February of 2021. Thereafter, taking over an advisory role for strategy and design.
>   Employees, business partners, local production and branding along with the location in Aschau (Chiemgau, Germany), including the logistics center and the guesthouse berge will not be impacted by this transaction.
Logo_Nils_Foto

Nils Holger Moormann GmbH

>   The Moormann name stands for the development and sale of minimalistic, avant-garde, and timeless designer furniture of the highest quality.
>   The distinctive, often unconventional, striking furniture creations enjoy the enthusiasm from a devoted fan base. The furniture, made out of only sustainable raw materials, is produced exclusively by regional craftsmen located within a 50 km radius.
>   Founded in 1984 by the self-taught Nils Holger Moormann, the company has maintained its cutting edge innovative ability by consistently staying true to its own values as well as allowing young external designers to have a platform to bring their new ideas to life.
>   The company earns approximately 10 million euros in annual revenues with above average profitability in its industry.

Emendo GmbH

>   The family office, Emendo GmbH, was founded by siblings Kristina Münnix and Christian Knorst. Having invested their own capital, they consider themselves long-term partners, who bring their knowledge and expertise to the daily management of the business.
>   Having invested their own capital, they consider themselves long-term partners, who bring their knowledge and expertise to the daily management of the business.

Key Terms

>   With effect from August 1, 2017, Energetic Lighting Europe/ Yankon (China), one of the world’s leading manufacturers of lamps and luminaires, acquired Nordlux Group A/S, a leading Danish company for design oriented indoor and outdoor lighting products.
>   Aquin acted as the exclusive M&A advisor to Energetic Lighting/ Yankon.

Strategic Logic

>   The takeover is an important step for Yankon to realize the group`s future strategy. The plan is to strengthen its market positioning in the European consumer luminaires industry and substantially increase European business, with Nordlux as the engine.
>   »We are convinced that there is much untapped potential in the brand, products and design of Nordlux«, says Zhangming Yang, General Manager of Energetic Lighting in Europe.
>   With the sale, Nordlux gains access to Yankon`s large international customer base, top-notch LED-technology and production capacity.
Logo_ENERGETIC_Foto

Energetic Lighting Europe / Yankon

>   Zhejiang Yankon Group Co., Ltd. is a Chinese lighting specialist established in 1975 and is one of the world’s largest manufacturers of LED bulbs and luminaires. The company is listed on the Shanghai Stock Exchange and sells its products globally under the brand »Energetic«. Energetic Lighting Europe NV, a 100% European subsidiary of Yankon, is headquartered in Antwerp (Belgium).
>   Yankon achieved an annual turnover of 600 million euros with 290 million euros cash at hand.
>   The company is a subcontractor to some of the world’s largest OEMs but also uses its own sales outlets as a preferred supplier to many European supermarket and DIY store chains.

Nordlux

>   Nordlux is a well-established and renowned Danish lighting design brand for indoor and outdoor luminaires. Under the brand names »Desingfor the people«, »Nordlux«, »Lampekonsulenten« and »See Mee«, the company designs and develops its high-quality products in-house, while external partners handle production. It has sales companies in Norway, Sweden, Germany and China and is represented in more than 35 countries today.
>   Nordlux, founded in 1977, is headquartered in Aalborg (Denmark). It is one of the biggest and most profitable lighting companies in Denmark.

Key Terms

>   With effect from January 29, 2015, Müller-Licht took over the StarLicht division of the ZETT Group.
>   Aquin acted as the exclusive M&A advisor to the ZETT Group and its shareholder Vorndran Mannheims Capital Advisors (VMCap).

Strategic Logic

>   Through the acquisition of StarLicht, Müller-Licht complements its own product portfolio with innovative LED lights, widens its sales channels with the existing customer base of StarLicht in the DIY sector and thus improves its position in the market significantly.
>   The divestment of StarLicht is part of the long-term corporate strategy by ZETT Optics with the aim to focus the group activities on high-quality LED lighting products for the B2B sector. The key requirements of the technologically less complex B2C business of StarLicht have markedly changed, now including e.g. packaging, logistics & time to market, which is why the two business fields today only fit together to a limited extent.
Logo_ZETT_STARLICHT_Foto

StarLicht

>   StarLicht is one of the most renowned manufacturers of lighting products for the European DIY-Market (DIY=Do-It-Yourself). For over 30 years, StarLicht has been supplying hardware stores, kitchen studios and furniture stores in Europe with LED lighting systems.
>   In 2014, StarLicht generated a turnover of about 20 million euros.

ZETT Group & VMCap

>   In 2011, the ZETT Optics Group, already part of the portfolio of VMCap, acquired LITE-LICHT GmbH from insolvency together with its business division StarLicht. In the following, StarLicht was retreaded and became a leading player in the European DIY-lighting market.
>   VMCap is one of the leading private equity firms in the German-speaking region with a total capital under management of approximately 800 million euros.

Müller-Licht & Wünsche-Group

>   Müller-Licht specializes in manufacturing and sales of LED retrofit products. Since 2011, the company is part of the Wünsche-Group.
>   Wünsche Group, a family-owned group of companies active in several areas of international trade, is headquartered in Hamburg (Germany) and generates sales of about 450 million euros (2012) and among others counts Lidl, Aldi & Tchibo to its customers.

Key Terms

>   With effect from January 1, 2015, the Riverside Company acquired a majority stake in the Bike24 GmbH based in Dresden (Germany).
>   The founders of Bike24, Andrés Martin-Birner, Lars Witt and Falk Herrmann remain involved with a minority interest. The management of Bike24 will also stay centrally in their hands.
>   Aquin acted as the exclusive M&A buy-side advisor to the Riverside Company.

Strategic Logic

>   With the participation of the Riverside Company, Bike24 strengthens its internationalization competence in order to realize growth opportunities outside of Germany. At the same time, national presence is to be reinforced and internal structures further professionalized.
>   Through the acquisition of the stake in Bike24, the Riverside Company was able to bring their broad online-trading experience into another strongly positioned eRetailer with attractive growth prospects.
Logo_RIVERSIDE_Foto

Bike24 GmbH

>   Bike24 GmbH, founded in 2005, belongs to the leaders in the German online market for bicycle components.
>   The company distributes high-quality bicycle components as well as bicycles, sporting electronics, outdoor-, swimming-, triathlon- and running equipment. In these categories, a total of more than five thousand items are offered online.
>   For 2014, the company expects a turnover of approximately 50 million euros and currently employs about 190 people. About two-thirds of sales are currently generated within Germany.

The Riverside Company

>   The Riverside Company is one of the largest and oldest private equity firms worldwide, specializing in investments in high-growth companies with an enterprise value of up to 200 million euros (250 million US$).
>   Since its founding in 1988, Riverside has managed over 370 transactions. The international investment portfolio currently includes more than 75 companies.

Key Terms

>   The HANNOVER Finanz Group acquired 55 percent of the shares of SIMPLON Fahrrad GmbH and its Swiss affiliate Individual Bikes GmbH.
>   Aquin acted as the exclusive M&A advisor to SIMPLON as well as to the owner family Hämmerle.

Strategic Logic

>   In the context of the company’s further sustainable development, SIMPLON aims at realizing their growth opportunities – including the achievement of a higher international market presence.
>   With the HANNOVER Finanz Group, the long-established company has brought in a supportive sparring partner. Through this business partnership, SIMPLON gains access to the Group`s broad-based network and many years of sales experience.
Logo_SIMPLON_Foto

SIMPLON

>   The family-held company, based in Vorarlberg (Austria), develops and produces custom-made sportive premium bicycles. SIMPLON thereby is very successful in Germany, Austria and Switzerland.
>   In 2013, SIMPLON Fahrrad GmbH attained an annual turnover of 17.4 million euros with 51 employees and 11,200 bicycles and bicycle frames sold.

HANNOVER Finanz Group

>   For over 35 years the HANNOVER Finanz Group has been a private equity partner for the SME sector. Notable companies like Fielmann, Rossmann or AIXTRON AG have realized their growth with HANNOVER Finanz.
>   In 2013, the invested capital amounts to more than 300 million euros allocated to 41 portfolio companies.
>   Through their commitment with sporting goods retailer Runners Point and the winter sports apparel manufacturer Ziener, HANNOVER Finanz has several years of experience in the sporting goods industry.

Key Terms

>   With effect from August 30, 2012, a bicycle retail group (anonymous) operating throughout the German market, successfully procured growth capital for further expansion provided by the HANNOVER Finanz Group.
>   Aquin acted as the exclusive M&A advisor to the retail group and will continue to accompany its further growth.

Strategic Logic

>   The German bicycle retail industry is about to face a drastic change. The reason for this is the massive extension of variety of bicycle specifications, which have to be offered accordingly and kept in stock by the branches. Considering this background, the owner already led the retail group to being one of the biggest bicycle retailers in Germany.
>   HANNOVER Finanz will not only ensure the future financing of the groups further growth, but also act as an experienced partner in the branch business. It is a declared goal of both parties to turn the bicycle retail group into the distinct market leader within the German-speaking region over the next years.
Logo_BICYCLE_RETAIL_Foto

bicycle retail group

>   The fast growing bicycle retail group is represented by a dense branch network throughout Germany and acts as one of the largest e-bike suppliers on the German market.
>   Core strategy is to present the world of biking in the context of a complete shopping experience for the customer. This is built on a mega store concept, which not only includes an indoor-cycling test track, but also keeps all common bicycle models and types in stock.

HANNOVER Finanz Group

>   Founded in 1979, the HANNOVER Finanz Group focuses on long term participations in mid-sized companies. Commitments range from traditional industries to retail as well as new technologies.
>   In 2012, the invested capital amounts to more than 350 million euros allocated to 48 portfolio companies.
>   Reasons for investments are growth financing and succession planning for solid, mid-sized companies.

Key Terms

>   Effective September 11, 2020 the family office, Emendo GmbH, acquired 100 percent equity in Nils Holger Moormann GmbH.
>   Nils Holger Moormann engaged Aquin as the sole M&A advisor.

Strategic Logic

>   The sale of Nils Holger Moormann GmbH to younger entrepreneurs allowed Nils Holger Moormann, at the age of 67, to arrange his succession.
>   Nils Holger, along with his wife Silke Moormann, will remain on the management board until February of 2021. Thereafter, taking over an advisory role for strategy and design.
>   Employees, business partners, local production and branding along with the location in Aschau (Chiemgau, Germany), including the logistics center and the guesthouse berge will not be impacted by this transaction.
Logo_Nils_Foto

Nils Holger Moormann GmbH

>   The Moormann name stands for the development and sale of minimalistic, avant-garde, and timeless designer furniture of the highest quality.
>   The distinctive, often unconventional, striking furniture creations enjoy the enthusiasm from a devoted fan base. The furniture, made out of only sustainable raw materials, is produced exclusively by regional craftsmen located within a 50 km radius.
>   Founded in 1984 by the self-taught Nils Holger Moormann, the company has maintained its cutting edge innovative ability by consistently staying true to its own values as well as allowing young external designers to have a platform to bring their new ideas to life.
>   The company earns approximately 10 million euros in annual revenues with above average profitability in its industry.

Emendo GmbH

>   The family office, Emendo GmbH, was founded by siblings Kristina Münnix and Christian Knorst. Having invested their own capital, they consider themselves long-term partners, who bring their knowledge and expertise to the daily management of the business.
>   Having invested their own capital, they consider themselves long-term partners, who bring their knowledge and expertise to the daily management of the business.

Key Terms

>   With effect from August 1, 2017, Energetic Lighting Europe/ Yankon (China), one of the world’s leading manufacturers of lamps and luminaires, acquired Nordlux Group A/S, a leading Danish company for design oriented indoor and outdoor lighting products.
>   Aquin acted as the exclusive M&A advisor to Energetic Lighting/ Yankon.

Strategic Logic

>   The takeover is an important step for Yankon to realize the group`s future strategy. The plan is to strengthen its market positioning in the European consumer luminaires industry and substantially increase European business, with Nordlux as the engine.
>   »We are convinced that there is much untapped potential in the brand, products and design of Nordlux«, says Zhangming Yang, General Manager of Energetic Lighting in Europe.
>   With the sale, Nordlux gains access to Yankon`s large international customer base, top-notch LED-technology and production capacity.
Logo_ENERGETIC_Foto

Energetic Lighting Europe / Yankon

>   Zhejiang Yankon Group Co., Ltd. is a Chinese lighting specialist established in 1975 and is one of the world’s largest manufacturers of LED bulbs and luminaires. The company is listed on the Shanghai Stock Exchange and sells its products globally under the brand »Energetic«. Energetic Lighting Europe NV, a 100% European subsidiary of Yankon, is headquartered in Antwerp (Belgium).
>   Yankon achieved an annual turnover of 600 million euros with 290 million euros cash at hand.
>   The company is a subcontractor to some of the world’s largest OEMs but also uses its own sales outlets as a preferred supplier to many European supermarket and DIY store chains.

Nordlux

>   Nordlux is a well-established and renowned Danish lighting design brand for indoor and outdoor luminaires. Under the brand names »Desingfor the people«, »Nordlux«, »Lampekonsulenten« and »See Mee«, the company designs and develops its high-quality products in-house, while external partners handle production. It has sales companies in Norway, Sweden, Germany and China and is represented in more than 35 countries today.
>   Nordlux, founded in 1977, is headquartered in Aalborg (Denmark). It is one of the biggest and most profitable lighting companies in Denmark.

Key Terms

>   With effect from January 29, 2015, Müller-Licht took over the StarLicht division of the ZETT Group.
>   Aquin acted as the exclusive M&A advisor to the ZETT Group and its shareholder Vorndran Mannheims Capital Advisors (VMCap).

Strategic Logic

>   Through the acquisition of StarLicht, Müller-Licht complements its own product portfolio with innovative LED lights, widens its sales channels with the existing customer base of StarLicht in the DIY sector and thus improves its position in the market significantly.
>   The divestment of StarLicht is part of the long-term corporate strategy by ZETT Optics with the aim to focus the group activities on high-quality LED lighting products for the B2B sector. The key requirements of the technologically less complex B2C business of StarLicht have markedly changed, now including e.g. packaging, logistics & time to market, which is why the two business fields today only fit together to a limited extent.
Logo_ZETT_STARLICHT_Foto

StarLicht

>   StarLicht is one of the most renowned manufacturers of lighting products for the European DIY-Market (DIY=Do-It-Yourself). For over 30 years, StarLicht has been supplying hardware stores, kitchen studios and furniture stores in Europe with LED lighting systems.
>   In 2014, StarLicht generated a turnover of about 20 million euros.

ZETT Group & VMCap

>   In 2011, the ZETT Optics Group, already part of the portfolio of VMCap, acquired LITE-LICHT GmbH from insolvency together with its business division StarLicht. In the following, StarLicht was retreaded and became a leading player in the European DIY-lighting market.
>   VMCap is one of the leading private equity firms in the German-speaking region with a total capital under management of approximately 800 million euros.

Müller-Licht & Wünsche-Group

>   Müller-Licht specializes in manufacturing and sales of LED retrofit products. Since 2011, the company is part of the Wünsche-Group.
>   Wünsche Group, a family-owned group of companies active in several areas of international trade, is headquartered in Hamburg (Germany) and generates sales of about 450 million euros (2012) and among others counts Lidl, Aldi & Tchibo to its customers.

Key Terms

>   With effect from January 1, 2015, the Riverside Company acquired a majority stake in the Bike24 GmbH based in Dresden (Germany).
>   The founders of Bike24, Andrés Martin-Birner, Lars Witt and Falk Herrmann remain involved with a minority interest. The management of Bike24 will also stay centrally in their hands.
>   Aquin acted as the exclusive M&A buy-side advisor to the Riverside Company.

Strategic Logic

>   With the participation of the Riverside Company, Bike24 strengthens its internationalization competence in order to realize growth opportunities outside of Germany. At the same time, national presence is to be reinforced and internal structures further professionalized.
>   Through the acquisition of the stake in Bike24, the Riverside Company was able to bring their broad online-trading experience into another strongly positioned eRetailer with attractive growth prospects.
Logo_RIVERSIDE_Foto

Bike24 GmbH

>   Bike24 GmbH, founded in 2005, belongs to the leaders in the German online market for bicycle components.
>   The company distributes high-quality bicycle components as well as bicycles, sporting electronics, outdoor-, swimming-, triathlon- and running equipment. In these categories, a total of more than five thousand items are offered online.
>   For 2014, the company expects a turnover of approximately 50 million euros and currently employs about 190 people. About two-thirds of sales are currently generated within Germany.

The Riverside Company

>   The Riverside Company is one of the largest and oldest private equity firms worldwide, specializing in investments in high-growth companies with an enterprise value of up to 200 million euros (250 million US$).
>   Since its founding in 1988, Riverside has managed over 370 transactions. The international investment portfolio currently includes more than 75 companies.

Key Terms

>   The HANNOVER Finanz Group acquired 55 percent of the shares of SIMPLON Fahrrad GmbH and its Swiss affiliate Individual Bikes GmbH.
>   Aquin acted as the exclusive M&A advisor to SIMPLON as well as to the owner family Hämmerle.

Strategic Logic

>   In the context of the company’s further sustainable development, SIMPLON aims at realizing their growth opportunities – including the achievement of a higher international market presence.
>   With the HANNOVER Finanz Group, the long-established company has brought in a supportive sparring partner. Through this business partnership, SIMPLON gains access to the Group`s broad-based network and many years of sales experience.
Logo_SIMPLON_Foto

SIMPLON

>   The family-held company, based in Vorarlberg (Austria), develops and produces custom-made sportive premium bicycles. SIMPLON thereby is very successful in Germany, Austria and Switzerland.
>   In 2013, SIMPLON Fahrrad GmbH attained an annual turnover of 17.4 million euros with 51 employees and 11,200 bicycles and bicycle frames sold.

HANNOVER Finanz Group

>   For over 35 years the HANNOVER Finanz Group has been a private equity partner for the SME sector. Notable companies like Fielmann, Rossmann or AIXTRON AG have realized their growth with HANNOVER Finanz.
>   In 2013, the invested capital amounts to more than 300 million euros allocated to 41 portfolio companies.
>   Through their commitment with sporting goods retailer Runners Point and the winter sports apparel manufacturer Ziener, HANNOVER Finanz has several years of experience in the sporting goods industry.

Key Terms

>   With effect from August 30, 2012, a bicycle retail group (anonymous) operating throughout the German market, successfully procured growth capital for further expansion provided by the HANNOVER Finanz Group.
>   Aquin acted as the exclusive M&A advisor to the retail group and will continue to accompany its further growth.

Strategic Logic

>   The German bicycle retail industry is about to face a drastic change. The reason for this is the massive extension of variety of bicycle specifications, which have to be offered accordingly and kept in stock by the branches. Considering this background, the owner already led the retail group to being one of the biggest bicycle retailers in Germany.
>   HANNOVER Finanz will not only ensure the future financing of the groups further growth, but also act as an experienced partner in the branch business. It is a declared goal of both parties to turn the bicycle retail group into the distinct market leader within the German-speaking region over the next years.
Logo_BICYCLE_RETAIL_Foto

bicycle retail group

>   The fast growing bicycle retail group is represented by a dense branch network throughout Germany and acts as one of the largest e-bike suppliers on the German market.
>   Core strategy is to present the world of biking in the context of a complete shopping experience for the customer. This is built on a mega store concept, which not only includes an indoor-cycling test track, but also keeps all common bicycle models and types in stock.

HANNOVER Finanz Group

>   Founded in 1979, the HANNOVER Finanz Group focuses on long term participations in mid-sized companies. Commitments range from traditional industries to retail as well as new technologies.
>   In 2012, the invested capital amounts to more than 350 million euros allocated to 48 portfolio companies.
>   Reasons for investments are growth financing and succession planning for solid, mid-sized companies.

CONTACT

Martin Kanatschnig - Aquin
Martin Kanatschnig
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Felix Kampen - Aquin
Felix Kampen
Principal
AQUIN Link  e-mail contact
AQUIN Link  Vita
Tobias Most - Aquin
Tobias Most
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita
Martin Kanatschnig - Aquin
Martin Kanatschnig
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Felix Kampen - Aquin
Felix Kampen
Principal
AQUIN Link  e-mail contact
AQUIN Link  Vita
Tobias Most - Aquin
Tobias Most
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita