Clessidra to acquire 80% stake of L&S Group.

Clessidra, Italian private equity company, to acquire 80% stake in L&S Group, a maker of lighting solutions and embedded LED systems for residential, industrial and retail applications. Financial terms were not disclosed. “The investment in L&S is supported by the strong competitive positioning, the track record of growth and cash generation, but also by the international and diversified geographical footprint and solid business relationships with blue-chip clients such as kitchen manufacturers, residential furniture manufacturers, luxury retailers, shopfitters, etc. We believe that these peculiar characteristics will enable a strengthening of the Group positioning in the market and provide an incentive to exploit additional growth opportunities, also through acquisitions.” Matteo Ricatti, Clessidra, Managing Director.