Alantra advised shareholders of L&S on the sale of the Company to Clessidra

Dec 2019

Sell-side advisory

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.