Global M&A Deal in the Spotlight

  • abr. 2007

A Manchester-based company, Whitecoft Lighting, which specialises
in designing, manufacturing and marketing lighting for the UK
commercial, retail and public sector buildings has been acquired by
Swedish listed company Fagerhult.

Fagerhult, founded in 1997, is the market leader in the Nordic
Countries and has a clearly-defined strategy of expanding outside
its core Scandinavian markets. Its long-time corporate finance
advisers Arctos, the Swedish Global M&A partner, enlisted the
help of Livingstone to identify relevant UK-based targets and lead
the negotiations.

Whitecroft Lighting was acquired several years ago in a management
buy-out backed by H2 Equity Partners, a Dutch private equity house.
The Fagerhult deal values Whitecroft at up to
£21million.

Per Borgvall, CEO of Fagerhult, commented that “Livingstone
provided a tremendous level of value and hands-on support for this
transaction – essential, since we could not be ‘on the
ground’ in the UK at all times. Their approach was pro-active
and commercial, focused on achieving the best deal for our
longer-term objectives, and his willingness to go the extra mile
meant we were able to complete this complicated cross-border
transaction in only two months”.

Daniel Domberger, the Deal Leader at Livingstone who led the
acquisition, says: “This was truly an international deal,
involving parties in three countries, brought together by the
Global M&A partnership to complete a cross-border deal of
compelling strategic rationale in an extremely tight
timescale”.

Daniel Domberger, Deal Leader
Tel: 020 7484 4731
Email: ddomberger@livingstonepartners.co.uk


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