Avallon MBO has acquired a 75% stake in Norlys, a premium outdoor lighting company, to enhance its market presence and growth potential in the sector.

Information on the Target

The private equity fund Avallon MBO has acquired a majority stake in Norlys, a holding company, as part of its Avallon MBO Fund III initiative. This management buyout (MBO) resulted in Avallon obtaining 75% of the shares from the company's current management. Established in Norway in 1953, Norlys has over sixty years of experience in the production of premium outdoor lighting solutions designed to withstand harsh weather conditions. In 2020, Norlys generated approximately €18 million in revenue, reflecting its strong market presence.

Norlys operates its primary distribution facilities in Norway, but its manufacturing plant in Nowy Sącz, Poland, has been functional for 28 years. This facility boasts an aluminum foundry, a steel fittings production department, a hot-dip galvanizing section, machining, powder coating, and assembly lines. The Norlys group also includes subsidiaries in France and Sweden, which distribute the lighting systems produced in Poland across their respective markets. Their products are exported to various regions worldwide, including Asia, Africa, and Australia.

Industry Overview in the Target’s Specific Country

The lighting industry in Poland has shown significant growth over the past decade, driven by advancements in technology and increasing demand for high-quality outdoor lighting. This growth has been particularly evident in urban areas, where t