L&S Lighting, controlled by Clessidra Private Equity through the Clessidra Capital Partners 3 fund, announces the acquisition of Forma e Funzione srl.
Founded in the 1960s, with headquarters in Varese, Italy, exporting to more than 40 countries, Forma e Funzione specializes in lighting products for the furniture and household appliances sector and has established itself as a reference point in the furniture market.
“With this new operation we further consolidate our presence in the lighting sector, a business characterized by significant growth potential linked both to the growing attention to emotional light, but also to sustainability and energy saving” – comments Andrea Ottaviano , CEO of Clessidra Private Equity SGR.
With the integration of Forma e Funzione, the L&S Group – that today has over 500 employees worldwide, 5 global production centers in Italy, Germany, China and the United States – aims to exceed 130 million Euros in consolidated turnover by the end of 2022.
The Group’s development plan aims at creating value through growth on the domestic and international markets, with synergies both in the innovation of products and lighting systems, through the sharing of best practices and technological know-how and thanks to the ability to propose customized lighting solutions to a network of customers which include the most important brands in the furniture sector.
“I am pleased to start the collaboration with the management and with the entire Forma e Funzione team, a company with which we share values, a solid experience and a recognized track record in the industry” – adds Pietro Barteselli, CEO of L&S.