12. December 2018
AFINUM Management GmbH becomes majority shareholder in Ledlenser GmbH & Co. KG
Solingen/Munich, 7 December 2018: As lead investor and majority shareholder, AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG, advised by the Munich-based AFINUM Management GmbH, invests together with INVISON and the Ledlenser management team in Ledlenser GmbH & Co. KG. With the acquisition of the Ledlenser shares, Leatherman Tool Group Inc. aims to guarantee the further internationalisation of the brand as well as investments in new products and the evolution of the premium brand. Ledlenser will remain responsible for the distribution of Leatherman products on the German market and Leatherman will remain distributor for Ledlenser in the US. The transaction was completed on 6 December 2018.
The sale of Ledlenser opens up new opportunities for growth for the company. The new shareholders target steady evolution of the brand which includes tapping into new markets and even more exact positioning of the premium brand. The product portfolio is also to be expanded. Ledlenser will take full responsibility for strategic organisation.
Leatherman acquired the Solingen-based company in 2011 and now sells the majority of its shares to AFINUM Management GmbH, headquartered in Munich. Afinum is an investment company specializing in investment in successful medium-sized companies. The transaction was completed on 6 December 2018.
Thomas Willing, Managing Director Ledlenser GmbH & Co. KG: “We have been able to bring on board two financially strong partners with Afinum and Invision; partners who with an absolute consensus of interests will help our company to continue to grow both organically and through targeted acquisitions.”
Dr Philipp Schülin, Afinum: “Ledlenser is rightly known as the leading manufacture of headlamps and flashlights and has proved its innovative skills on multiple occasions. We are very proud to accompany, together with our partners, the further successful development of this long-established company and to be even better able to exploit market potential.”
About Ledlenser: Ledlenser, headquartered in Solingen, is one of the world’s leading manufacturers of high quality LED flashlights and headlamps. As synonym for quality and innovation, the light experts have offered a broad range of products for various target groups for over 20 years. Ledlenser products are always provided with a guarantee of up to five years, extending automatically to seven years on registration via the homepage. Information at: www.ledlenser.com/ www.facebook.com/ledlenserde www.instagram.com/ledlenser_official
About AFINUM: AFINUM is an independent investment company, fully owned by management, with offices in Munich, Zurich, Vienna and Hong Kong. It specializes in investments in successful medium-sized companies in German-speaking Europe. Established in 2000, AFINUM is today among the leading mid-market investment companies in German-speaking countries. Information at: www.afinum.de
About Invision: Established in 1997, Invision has evolved into one of the leading investment companies for succession solutions and growth finance in Europe. Since its foundation it has invested more than EUR 500 million in equity capital in more than 50 companies thereby achieving sustained value growth. Invision sees itself as entrepreneurial partner to start-ups, companies and management teams. In terms of its operations, Invision places special emphasis on understanding the specific needs of the company and entrepreneur and on developing individual solutions. Invision invests in established medium-sized companies, in particular in business succession. Information at: www.invision.ch
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