Sherpa Capital, a mid-market private equity firm with 250 million euros in assets under management, has acquired a majority stake in Luxiona, a Spanish lighting solutions Company with factories in Spain, Poland,Mexico, China and Peru.
Sherpa Capital has acquired a majority stake in the Company from Aurica and Caixabank, as well as from the founding family, who will remain a minority shareholder in the Company.
Luxiona is one of the main companies in its sector and has a clear international focus because it has its own factories in Spain, Poland, Mexico, China and Peru. Additionally, it has subsidiaries in seven countries from Europe, Asia and Latin America.
Luxiona generated over 60 million euros in sales last year. The company has different business lines: technical and architectonical illumination under the Troll brand; emergency illumination under the Sagelux brand; and it is also present in the public lighting and decorative illumination segment through its brands Josfel and Metalarte, respectively.
Following the acquisition of Sherpa Capital, Luxiona starts a new stage oriented towards the consolidation and international growth of the business both organically and inorganically. The Company will focus on acquisitions that reinforce its market leading position. Luxiona’s vision is to become the world wide leader in lighting solutions for the professional market. In this sense, Luxiona incorporates new technologies to improve lighting experiences whilst further enhancing its international focus, having gained important contracts in the MEA region in the past years.
According to Javier Tey, CEO of Luxiona, “the signing of this agreement is excellent news because it will allow us to fully deploy Luxiona’s strategic plan, which is oriented towards reinforcing and consolidating the company as one of the global leaders in lighting solutions for the professional market”.
For Jorge Fernández Miret, partner of Sherpa Capital, “this acquisition represents a long-term consolidation project in a market with enormous potential for growth, where a leading operator such as Luxiona enjoys enormous competitive advantages. For us, this Project is especially interesting because Luxiona has already been successful in the past developing a process of international acquisitions that we want to continue promoting in next years to create one of the leading businesses in the sector at the worldwide level”.
GBS Finanzas and Cuatrecasas advised the shareholdersof Luxiona. Garrigues advised Sherpa Capital.
- Luxiona is a Spanish Company leader in the manufacturing and commercialisation of lighting solutions for professionals. With more than 90 years of history, 60 million euros in revenues and a presence in nine countries, the Company has six production facilities in Spain, China, Mexico, Poland and Peru.
About Sherpa Capital:
- Sherpa Capital is the leading private capital funds manager investing in mid-sized companies that are looking for new challenges. The Firm currently has more than 250 million euros in assets under manager through its Special Situations and Private Equity funds.