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Polaris Sells Louis Polsen Stake To Investindustrial

Nordic PE shop Polaris Equity Partners has today entered into an agreement to divest its majority shareholding to Investindustrial Group Holdings SA, which is an investment subsidiary of Investindustrial VI L.P.

Since Polaris’ entry as majority shareholder in 2014, Louis Poulsen has increased revenue by more than 20% to DKK 801 million in 2017, corresponding to average annual growth of 7%, and the profit margin (EBITDA) has more than doubled. At the same time, Louis Poulsen has opened new showrooms in cities like Tokyo and Los Angeles, moved to new markets such as South Korea, France and Italy, as well as strengthened the overall sales force and organization which today counts more than 455 skilled employees.

“We are very satisfied with the development in Louis Poulsen during our ownership, and we are pleased to pass the baton to a skilled partner such as Investindustrial at a time when Louis Poulsen is stronger than ever. We were able to swiftly and with great focus make the right investments and get the right management team to join us on this journey, and that has contributed to ensuring profitable growth and a really good development in Louis Poulsen’s operations and sales efforts,” says Allan Bach Pedersen, Partner at Polaris.

The transaction is conditional on customary authority approval. The parties have agreed not to disclose the sales price.