AFIMUM acquires majority stake in LED lamp manufacturer Ledlenser
Solingen/ Munich — AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG, advised by Munich-based AFINUM Management GmbH, acquires as lead investor and majority shareholder together with INVISION and the management team Ledlenser GmbH & Co. KG (“Ledlenser”) from Leatherman Tool Group, Inc. (“Leatherman”). The parties have agreed not to disclose the volume of the transaction.
Headquartered in Solingen, Germany, with production facilities in Yanjiang, China, Ledlenser (www.ledlenser.com) is one of the world’s leading manufacturers of high-quality LED flashlights and headlamps for professional, outdoor and everyday applications. The company was founded in 1994 and is considered the inventor of the LED flashlight. The products are characterized by a high degree of innovation, by outstanding quality and by an appealing design. The company secures its comprehensive know-how with a strong research and development department and more than 100 patents. End customers include industrial companies, public organizations — such as police or fire departments — and outdoor enthusiasts. The company holds a strong market position in numerous countries in Europe and Asia.
Together with the management team, AFINUM and INVISION plan to push ahead with internationalization in the coming years. Likewise, continuous product innovations are intended to win additional customers in the various end markets. The investment in Ledlenser represents the fourth platform investment of AFINUM Achte Beteiligungsgesellschaft mbH & Co KG. AFINUM is an independent management-owned investment company with offices in Munich, Zurich, Vienna and Hong Kong, specializing in investments in successful medium-sized companies in German-speaking Europe.
Advisor to seller Kloft Leatherman: Taylor Wessing
International law firm Taylor Wessing, led by Hamburg-based partner Bernhard Kloft, provided legal advice to Leatherman on the sale as part of a structured bidding process.