Cinven prepares to sell German lighting products maker SLV for €800 mn

10 May 2016

European private equity firm Cinven is preparing to sell German residential and technical lighting products maker SLV in a potential €800 million ($911 million) deal, Reuters yesterday reported, citing people familiar with the matter.

Cinven had acquired SLV in 2011 from peer investor HgCapital for about €500 million.

Cinven has hired Goldman Sachs to run the sale which it plans to officially launch in the second half of this year, the report said.

SLV is expected to post earnings before interest, taxes, depreciation and amortisation of about €65 million this year and may be valued at 12-13 times that, the report added.

SLV is an innovative provider of residential and technical lighting products for indoor and outdoor use. Founded in 1979 and based in Übach-Palenberg, Germany, SLV is one of the fastest-growing and most successful providers of lighting products in Europe.

It has consistently outperformed the market in the last several years and has increased its market share in Germany and internationally.

SLV operates subsidiaries and associated companies in Germany, France, Italy, Belgium, Switzerland, Hong Kong, the US and Russia.

SLV sources its products mostly from Asia and distributes them through a wide range of multipliers, wholesalers, electricians, specialised retail partners, internet shops and other resellers in 60 countries.