SLV is a fast growing and highly profitable German provider of lighting systems and decorative lighting solutions with a B2B focus. Products are only sold through catalogues.
SLV has a competitive advantage in the areas of product development and design, production, warehousing and logistics, and distribution.
Under Hg’s stewardship, SLV achieved growth well above the industry average, and performed strongly during the economic downturn. This success was driven by SLV’s strategy of combining the technical expertise required for development of innovative lighting systems in Germany, with the cost advantages derived from manufacturing in emerging markets, a highly efficient logistics operation and an extensive multi-channel distribution system based on strong partnerships.
In 2011 SLV was sold to Cinven in a transaction that represented a 4.0x investment multiple and a 45% gross IRR.