Transaction Details

February 4, 2020
Munich

Sector

Industrials and Industrial Technology

Deal Type

M&A

Deal Value

N/D

Deal Team

Moritz von Bodman, Sebastian Weindel, Timo Maier, Johannes Braun

GCA Altium advises Panasonic Corporation on the sale of Vossloh-Schwabe

GCA Altium acted as exclusive financial advisor to Panasonic Corporation on its sale of Panasonic Lighting Europe GmbH, one of the leading providers of LED and conventional lighting solutions across Europe.

Headquartered in Lüdenscheid (Germany), Panasonic Lighting Europe markets customized, high-end quality LED drivers, modules, optics and components for conventional lighting under the brand Vossloh-Schwabe. The company, which employs a workforce of over 1’000 people, generated a sales turnover of EUR 161m in the financial year ending on March 31, 2019.

Vossloh-Schwabe draws on more than 100 years of experience in the lighting segment. Founded as a production site for lamp holders, the company has continuously evolved, becoming a provider of LED components and light management systems and a globally active player with more than 15 production sites and sales offices across the world. Vossloh-Schwabe enjoys an outstanding reputation for its strong R&D capabilities and serves a broad and loyal customer base in more than 90 countries worldwide.

“We sincerely thank the GCA teams in Tokyo and Munich that have supported us in advising on this complex transaction,” states Kazunori Isogai, Deputy Director at Panasonic Corporation, Japan.

“Vossloh-Schwabe offers great opportunities for sustainable and profitable growth. We are excited to work with the management to implement the identified operational improvement measures and to find an adequate stand-alone set-up to transform the company into an independent and successful SME,” commented Rafal Grabarkiewicz, Managing Partner at Fidelium.

Moritz von Bodman, Managing Director at GCA Altium, commented: “We are delighted to have advised our long-term client Panasonic Corporation on this complex carve-out transaction. We are convinced that Fidelium’s experience will be valuable in securing Vossloh-Schwabe’s long-term market leadership within the lighting industry.”

Noerr LLP and Nishimura & Asahi acted as legal adviser to Panasonic Corporation. Terms of the transaction were not disclosed.

Related Transactions

Previous
All transactions