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PRINT THIS PAGE HgCapital buys lighting producer SLV Group19/07/2007. Source: AltAssets. 
 European private equity investor HgCapital has agreed to acquire a majority stake in SLV Group, a Germany-headquartered producer of lighting systems in Europe, from the company's founder and current managing director Franko Neumetzler.
Neumetzler will retain a minority stake in the company and other members of the management team will also continue to hold shares. The transaction values the company at €320m.
Justin von Simson of HgCapital in Munich said, 'Over the past few years, SLV has performed superbly and we are certain that it is ideally positioned to grow just as quickly and profitably as before in Germany as well as in its present and future international markets.
'We will be providing SLV's management with comprehensive support via our extensive resources and expertise and are convinced that the company will be ready for the capital market in a few years' time,' von Simson continued.
HgCapital is a successor to Mercury Private Equity, a subsidiary of Mercury Asset Management. HgCapital has approximately €2.7bn of funds under management.
Copyright © 2007 AltAssets
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