Danish architectural lighting supplier Louis Poulsen has been acquired by Polaris Private Equity at an undisclosed price, having belonged to the Italian Targetti Sankey Group since 2007, under the name Targetti Poulsen. Price has been undisclosed, but rumor is that the company was valued around 700 million DKK, while it was valued 1,25 billion DKK in 2007 when Targetti bought it from some private equity funds (Polaris included).
Louis Poulsen’s 2013 revenue is expected to come to around 675 million DKK (90 million euro), of which approximately 70 per cent derives from international sales. Louis Poulsen’s day-to-day management team will remain the same. The company employs 450 staff with headquarters in Copenhagen, Denmark.