Accent Equity new partner for Belid Lighting to accelerate growth
Stockholm, 18 december 2018
The investment fund Accent Equity 2017 has entered into an agreement with the Herstal-family to become the new principal owner of Belid Lighting and assist the company in its next growth phase. The Herstal-family will retain a significant ownership going forward
Belid Lighting is a Nordic designer and manufacturer of light fixtures, known through the brands Belid and Herstal. The company’s net sales in 2017/2018 amounted to approximately SEK 222 million
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 conduct 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. The company has approximately 160 employees and sells its products primarily in the Nordics to lighting retailers, and to industrial and professional end-customers.
“I and my family are very pleased to have invited Accent Equity as co-owner as we wanted an experienced partner with a proven track-record of building Nordic companies. This is the beginning of the next journey for the company, and we look forward to developing the company together with Accent Equity”, says CEO and shareholder Martin Herstal. “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.”
”We are impressed by Belid Lighting’s high-quality products, the company’s long-term customer relationships, and by the transformation journey the company has gone through over the past years. We are looking very much forward to working together with the company’s management to accelerate growth and streamline the production”, says Claes Bodell, Partner at Accent Equity Partners AB, investment advisor to Accent Equity 2017 L.P. For additional information, please contact: Claes Bodell, Partner at Accent Equity Partners AB, +46 8 545 073 00 Martin Herstal, CEO at Belid Lighting AB, +46 340 66 25 00 About Accent Equity: Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 83 companies, of which 66 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds. www.accentequity.se
