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05.10.2017

Lauma International’s acquisition of Felina recognized as the Outbound Deal from the Baltics 2017

On 4 October, Lauma International’s acquisition of Felina was recognized as the Outbound Deal from the Baltics 2017 at the Baltic M&A and Private Equity Awards in Vilnius. The awards are part of the Baltic M&A and Private Equity Forum.

The winning deals for the 2017 awards were selected by an independent pan-Baltic jury. The committee selected the winning deals according to criteria such as deal value and strategic importance to the Baltic region, complexity, innovation, financing structure, and involvement of regional representatives.

AS Lauma International, the Latvia-based parent company for Lauma Fabrics, a leading manufacturer of fabrics, laces and narrow bands for the lingerie industry, has acquired Felina GmbH, a Germany-based manufacturer and retailer of lingerie, from Palero Capital GmbH, a Germany-based private equity firm. 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.

Significance:

  • Felina reported minimum revenues of EUR 41 million in 2016 and has a workforce of more than 700 employees, i.e. size of the target is similar or even bigger compared to the size of the Bidder
  • Transaction financing (transaction financed by a consortium of Citadele Bank and Baltikums Bank)

The list of all nominees can be found here.

Primus team, led by partners Anton Sigal and Zane Eglīte-Fogele, represented Lauma International in all aspects of the transaction, including the financing.

Photo credit: Rytis Galadauskas, Verslo žinios

Contacts

Estonia

Kai 1, 10111, Tallinn

Latvia

Kr. Valdemara str. 21, LV-1010, Riga

Lithuania

Konstitucijos av. 7, LT-09308, Vilnius

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