This website uses cookies for functionality and statistics. By continuing to browse or clicking the button „AGREE", you give your consent to the use of cookies. Please click here to learn more.


“Outstanding strategic thinkers.” (Legal 500, 2016)


AS Lauma International acquires Felina, a lingerie group

AS Lauma International announced the acquisition of Felina International AG, the parent company of the German-based lingerie group. Felina, whose history dates back to 1885, manufactures and distributes lingerie under the brand names “Felina” and “Conturelle”. The Felina group operates a production facility in Hungary and includes distribution companies in Germany, France, Italy, Spain, Portugal and Croatia. The group is headquartered in Mannheim, Germany. The group’s sales in 2016 amounted to app 41 million euros; it employs over 700 people.

Lauma International is the parent company for Lauma Fabrics, a leading manufacturer of fabrics, laces and narrow bands for the lingerie industry. Lauma Fabrics operates production facilities in Latvia and Germany.

With the acquisition of Felina, Lauma International expands its reach to manufacturing and retail of lingerie, forming a new vertically integrated structure with the combined revenue in excess of 75 million euros and a workforce of 1,250 people, which will serve as a platform for further consolidation in the market.

The transaction was financed by a combination of bonds arranged by AS LHV Pank and a bank loan provided by a consortium led by A/S Citadele banka in Latvia.

Primus’es Tallinn and Riga offices represented Lauma in all aspects of the transaction, including the financing. Our team was led by Anton Sigal in Tallinn and Zane Eglite-Fogele in Riga.

On 4 October 2017, the transaction was recognized as the Outbound Deal from the Baltics 2017 at the Baltic M&A and Private Equity Awards in Vilnius.



Sporta str. 11, LV-1013, Riga


Konstitucijos av. 7, LT-09308, Vilnius

Subscribe for newsletter