Carnegie acted as financial adviser to the owners of Belid Lighting
Carnegie acted as financial adviser to the owners of Belid Lighting in the majority sale to Accent Equity. After the transaction, the Herstal family will retain a significant share in the company.
Belid Lighting was established in 1969 and is one of few Scandinavian light fixture suppliers catering to both the home market as well as the professional and industrial segments. The company designs and conducts in-house manufacturing, and is headquartered in Varberg, Sweden. Over the past 10 years, Belid Lighting has consolidated the two light fixture brands Belid and Herstal, and has transformed from a focused supplier of home décor lighting into a professional player with strong capabilities to secure higher quality, shorter lead times and a larger degree of flexibility compared to its competitors. In 2017/18, the company reported net sales of some SEK 222m with approximately 160 employees. Products are primarily sold in the Nordics to lighting retailers, and to industrial and professional end-customers.
Following the transaction, Accent Equity will support the company in accelerating the company’s growth strategy and further streamline the production. “The existing management continues, and with Accent Equity’s support we will now get access to more resources for pursuing possibilities to create a larger and stronger Belid Lighting.”, says CEO and shareholder Martin Herstal.