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M&A

SLV

Acquired by

CINVEN

GERMANY Industrial Equipment EV [500m EUR - 1b EUR] 04/2011

Target

SLV

Acquirer

CINVEN

Context

Cinven reached an agreement to acquire SLV Group from HgCapital and the company's founder. The deal aimed to accelerate SLV's international expansion, leveraging Cinven's pan-European network and its specific office in Hong Kong to optimize Asian sourcing. Under HgCapital's ownership since 2007, the company successfully expanded its logistics hub in Germany and strengthened its global distribution network. The management team, led by CEO Detlef Harms, remained in place to drive the next stage of growth.

The transaction values SLV at an EV/Revenue multiple of LOGIN.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.2x since the beginning of 2026, 2.1% increase compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 1979, SLV is a leading German provider of innovative lighting systems for interior and exterior use. The company operates a specialized wholesaler business model, distributing products through a vast network of partners in 60 countries. It has a strong focus on high-quality LED fixtures and efficient sourcing.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
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2011
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2010
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Other operations with SLV

DateAcquirerTargetCountrySectorDeal Context
10/2016ARDIANSLVGERMANYElectrical Equipment

Ardian acquired 100% of SLV Group from Cinven in an auction process managed by Goldman Sachs, outbidding 3i, Triton, and Pamplona. The deal was financed with a senior debt package of EUR360M. Cinven achieved a 2x return on this sale, following its 2011 entry. During Cinven's tenure, SLV increased its turnover by 40% and completed three bolt-on acquisitions (Unex, Lagotronics, Nordtronic). Ardian aims to continue this growth by leveraging SLV's international distribution network and its established sourcing office in China.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.