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Eversheds Sutherland advises ASC Investment on the takeover of Germany's oldest lamp manufacturer Radium from Ledvance

  • Germany

    05-10-2020

    An Eversheds Sutherland team has advised the private equity fund ASC Investment S.à r.l. ("ASC") on the acquisition of Radium, the oldest active German lamp manufacturer. The seller is the light manufacturer Ledvance, which originated from OSRAM's lighting business.

    Radium was founded in 1904 and has its seat in Wipperfürth in North Rhine-Westphalia, Germany, where it develops and builds lamps which are sold world-wide. Looking back to over 115 years of history, the company today produces innovative lighting technologies on highly industrialised production lines and is a full-range provider of a wide variety of modern lighting solutions.

    ASC is an investment company with sites in Luxembourg and Munich, focussing on carve-out transactions in Europe. ASC is supported by families and entrepreneurs and specialises in putting on their own feet divisions within international corporations which do not form part of the core business. The focus is always on developing a sustainable strategy for the future.

    Eversheds Sutherland advised ASC on the acquisition of all shares in Radium Lampenwerk GmbH. Furthermore, arrangements such as a transitional services agreement and a licence agreement for the use of the trade mark rights were also made between Radium and Ledvance.

    ASC Investment was represented by an Eversheds Sutherland team led by private equity Partner Sven Schweneke (Munich) for the first time. Further team members were Dr. Christian Lindner (Senior Associate, private equity, Munich), Dr. Simon Weppner (Partner), Niklas Schilawa (Associate, both tax, Dusseldorf) as well as Dr. Thomas Farkas (Counsel, commercial/IP, Munich).

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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