Villingen-Schwenningen, Germany November 3, 2011
Holland Private Equity (“HPE”) has invested EUR 12.5m million in Hess AG (“Hess”) in a combination of primary and secondary capital to become a significant minority shareholder with the remaining ownership held by the Hess family. Supported by HPE’s expertise in accelerating growth and the capital injection, Hess will further increase investments in product development and the roll-out of its international sales network in order to strengthen its position as a market leader in outdoor decorative and architectural lighting systems.
Tim van Delden, Chief Investment Officer of HPE highlighted: “With the LED lighting revolution about to change the general illumination market, Hess has already managed to earn global recognition for integrating this new technology into aesthetic lighting system designs. Moreover, until today it has done so without any external capital. We are highly excited to have the opportunity to team up with a true market leader in decorative and architectural outdoor lighting systems and look forward to jointly accelerate its global growth.”
Christoph Hess, Chief Executive Officer of Hess commented: “HPE is an excellent fit for our company, both culturally and professionally. As a family-owned firm we found this a very important aspect in considering a partner who meets our targets beyond its financial expertise. In addition, HPE who is specialized in actively supporting companies in the increase of international sales and distribution is going to make valuable contributions with their experienced team.”
About Hess AG
Hess AG globally ranks among the leading international manufacturers of designer outdoor luminaires.
With a broad-based luminaire portfolio, the company can meet all requirements for lighting design for
urban spaces, as well as indoor and outdoor architectural lighting. Hess employs a worldwide workforce
of 400 people. In Germany, the group is represented by two companies: Hess Form + Licht, Vulkan
Außenleuchten GmbH, each operating autonomously in the marketplace. In addition to luminaires, Hess
manufactures urban furniture, making it one of the few manufacturers to offer integrated design solutions
for urban and public spaces. Hess has two production facilities in Germany and one in the US. For further
information, please visit www.hess.eu.
About Holland Private Equity
Established in 2008, Holland Private Equity (“HPE”) is a European private equity firm, focusing on latestage
growth investments in small and mid-cap technology companies in Western Europe. Its main focus
is on stand-alone investment opportunities in which it can invest EUR 10 – 15m for a significant minority
position. Having built a team of investment professionals and an advisory network of operational and
technology veterans, HPE brings more than growth capital alone by closely working with management
teams to accelerate growth. HPE has offices in Amsterdam and Düsseldorf. For further information,
please visit www.hollandpe.com.
This investment benefits from the European Union’s Competitiveness and Innovation Framework Programme (“CIP”)