Alantra advised shareholders of L&S on the sale of the Company to Clessidra
Alantra has advised shareholders of L&S on the sale of 80% of the Company to a special purpose vehicle controlled by Italian Private Equity Firm Clessidra and by the entrepreneur Alfredo Rubino for an undisclosed amount.
Founded in 1977 in Maron di Brugnera (PN), L&S manufactures and distributes lighting solutions and embedded LED systems for residential, industrial and retail applications. A solid expansion strategy developed overtime has led L&S to operate in over 70 countries worldwide, with four manufacturing facilities in Italy, Germany, China, and the United States, and over 400 employees, recording total revenues of approximately €80m in 2018, 75% of which realized abroad.
Clessidra is part of the Investment Holding Italmobiliare S.p.A. and is the leading manager of Private Equity funds exclusively dedicated to the Italian market, with a total of approximately €2.5bn of capital commitment. Since inception, Clessidra completed 24 transactions with an aggregate investment of over €18bn EV and €1.9bn Equity.
Apr 2022Buy-side advisoryValue c£100mApr 2022SECTOR IndustrialsService M&AValue c£100m
Apr 2022Buy-side advisoryApr 2022SECTOR Aerospace & Defense; IndustrialsService M&A
Mar 2022Sell-side advisoryMar 2022SECTOR IndustrialsService M&A
Mar 2022IPO - Sole Global CoordinatorValue €35 millionMar 2022SECTOR IndustrialsService Equity Capital MarketsValue €35 million