Gütt Olk Feldhaus advises Perusa on the sale of shares in PROLED to Galaed

Photo: Dr. Sebas­tian Olk, Part­ner at GOF (Photo © GOF)
8. May 2024

Munich, May 6, 2024 — Perusa Part­ners Fund II L.P. has sold its shares in the PROLED Group to the Galaed Group. The commer­cial law firm Gütt Olk Feld­haus advi­sed Perusa on this transaction.

The PROLED Group is a Euro­pean deve­lo­per, manu­fac­tu­rer and distri­bu­tor of LED light­ing with the brands PROLED, UNI-BRIGHT and mawa. With its own produc­tion faci­li­ties in Germany, PROLED is a refe­rence manu­fac­tu­rer for high-quality products with high design standards.

PROLED deve­lops, confi­gu­res and distri­bu­tes LED light­ing tech­no­logy for the B2B sector. The company sells its products to a broad network of archi­tects, elec­tri­ci­ans and whole­sa­lers, enab­ling it to achieve stable cash flows with low project risks.

Perusa acqui­red a majo­rity stake in MBN PROLED (Germany) as a plat­form in 2017 and streng­the­ned this in 2018 with the acqui­si­tion of UNI-BRIGHT (Belgium) and in 2021 with the acqui­si­tion of mawa (Germany). In 2020, the tran­si­tion from the foun­ders to a new exter­nal manage­ment team was successful and an inter­na­tio­nal sales team was established.

Since the acqui­si­tion by Perusa in 2017, PROLED’s sales and EBITDA have more than doubled as a result of acqui­si­ti­ons and orga­nic growth. PROLED is aiming to make further acqui­si­ti­ons in the frag­men­ted Euro­pean LED market with a focus on the high-margin B2B segment.

As an inter­na­tio­nally active private equity company, Perusa Part­ners specia­li­zes in the acqui­si­tion and deve­lo­p­ment of medium-sized compa­nies in trans­for­ma­tion situa­tions in German-spea­king and Scan­di­na­vian countries.

Legal Advi­sors Perusa Part­ners Fund II L.P.: Gütt Olk Feld­haus, Munich

Dr. Sebas­tian Olk (Part­ner, Corpo­rate Law/M&A; Photo © GOF), Dr. Tilmann Gütt, LL.M. (London) (Part­ner, Banking/Finance), Thomas Becker, LL.M. (Eur.) (Of Coun­sel, IP/IT/Data Protec­tion), Maxi­mi­lian Spind­ler, LL.M. (Colum­bia) (Coun­sel, Corporate/M&A), Dr. Domi­nik Forst­ner (Senior Asso­ciate, Corporate/M&A), Chris­to­pher Krappitz (Senior Asso­ciate, Banking/Finance), Tobias Berg­meis­ter (Asso­ciate, Corporate/M&A), Anja Schmidt (Asso­ciate, Banking/Finance)

Alten­burg Fach­an­wälte für Arbeits­recht, Munich
Andreas Ege (Part­ner, Employ­ment Law), Henning Timm (Coun­sel, Employ­ment Law)



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