Argos Soditic becomes majority shareholder of Lampe Berger
Bourgtheroulde, France, August 30th 2017
Acquisition of a majority stake of French home fragrance brand Lampe Berger by the private equity fund Argos Wityu.
This transaction represents a turning point in the development of the company due to the arrival of a new shareholder focused on transformation and experienced in accelerating the growth of companies. Argos Wityu brings ambitious projects and resources to the Group.
With sales of c. €50m, of which 80% abroad, Lampe Berger carries a “Made in France” label and was awarded the Living Heritage Label (EPV) as a recognition of its unique know-how and French-based quality production.
A new 360° strategy
With Argos Wityu as its new shareholder, Lampe Berger’s goal is to build on its brand and historical know-how and transform into an international leader in the premium air care market. The strategy will focus on investing in many areas and fuel growth: strengthen R&D, expand the product range, innovate in product design, reinforce the distribution network and increase consumer intimacy.
“With 120 years of history in France and presence in more than 50 other countries, the management team of Lampe Berger is very enthusiastic to welcome Argos Wityu as its shareholder. Through its experience in international brands, we are confident that Argos Wityu will be able to support our development projects, enabling our Group to accelerate its growth.” explains Charles O’Quin, Managing Director of Lampe Berger.
“As a new shareholder, we are bringing Lampe Berger the means to deliver growth with the objective to take the group to the next level. The company has excellent assets: the quality of its management and its team, together with the expertise in innovation, and worldwide recognition for the excellence of its products. We are very excited to take part in this new page of the future of Lampe Berger.” declared Karel Kroupa, Partner, Argos Wityu.
From an iconic object to a brand
On the booming market of home fragrance products estimated at €2.5bn, that grew by 9% between 2011 and 2016, Lampe Berger is nowadays a multi-product company that differentiates thanks to a recognized historical know-how.
The company was founded in 1898 by Maurice Berger who created the catalysis diffusion system, a unique and revolutionary technology at the time. Lampe Berger has since developed internationally and further diversified its product range with the launch of a new home fragrance range under the “Parfum Berger” brand. The launch of new natural candles made of 100% vegetal wax is the next step in the company’s evolution plan.
Argos Wityu (Karel Kroupa, Nicolas Trani, Alexandra Billet)
Buyside M&A: Sodica (Cyril d’Assigny, Jean Colsy)
Legal: Gibson Dunn (Benoît Fleury, Audrey Paul, Cécile Antoine-Melon, Pierre-Alain Marquet)
Strategic: SCP (Stéphane Prats, Damien Schmitz, Benjamin Forlani)
Financial: Eight Advisory (Eric Demuyt, Cyrille Palitzyne, Ghislain De Robien, Chloé Pouget)
Tax: Arsène Taxand (Franck Chaminade, Olivier Janoray, Valentine Roulin)
Environment: HPC Envirotec (Xavier Pellier)
Digital: Digital Value (Arnaud de Baynast, Abdellah Moutaçalli, Alice Wu)
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About Lampe Berger:
Lampe Berger was founded 120 years ago and is based in Normandy, France. It distributes its products through a wide network of more than 7.000 distributors in 56 countries.
Lampe Berger has a turnover of c. €50m, grew by 33% over the last 5 years, and which is 80% outside France (40% in Europe, 20% in North America, 20% in Asia). The company has 150 employees, manufactures 800,000 lamps per year and sells more than 5 million litres of perfume every year throughout the world.