Secondary Buyout • Consumer Products

Verdane Acquires Lumene

On September 15, 2021, growth capital firm Verdane acquired consumer products company Lumene from Langholm Capital

Acquisition Context
  • This is Verdane’s 7th transaction in the Consumer Products sector.
  • This is Verdane’s 8th transaction in Finland.

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M&A Deal Summary

Date September 15, 2021
Target Lumene
Sector Consumer Products
Buyer(s) Verdane
Sellers(s) Langholm Capital
Deal Type Secondary Buyout

Target Company

Lumene

Espoo, Finland
Lumene develops, manufactures, markets and sells high-quality skin care and cosmetic products, together with professional hair care products. Lumene is based in Espoo, Finland.
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Buyer Overview 1

Buyer

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


Deal Context for Buyer #
Overall 79 of 85
Sector: Consumer Products 7 of 7
Type: Secondary Buyout 8 of 11
Country: Finland 8 of 9
Year: 2021 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Woolovers

West Sussex, United Kingdom

Woolovers is a direct-to-customer retailer of own-brand knitwear and jersey apparel. The business has developed from selling products at country shows to international mail order and the online retailer selling jumpers, sweaters, cardigans, tops, and accessories. Woolovers was founded in 1989 and is based in West Sussex, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Porterbuddy

Oslo, Norway

Porterbuddy is a logistics technology platform that sets new standards for greener, personalized, and convenient last-mile delivery for online shoppers. Focusing on the smart use of technology, digital interfaces, and machine learning, the company’s proprietary technology platform optimizes the use of available infrastructure in the logistics market allowing local couriers to use their excess capacity. The platform enables direct integration in the online shopping and checkout process, making life easier for both consumers, couriers, and online retailers. Porterbuddy’s smart route planner algorithm consolidates orders from different sites into one delivery. Porterbuddy was founded in 2017 and is based in Oslo, Norway.

Sell -

Seller Profile 1

SELLER

Langholm Capital

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Langholm Capital is an independent private equity firm that targets investments in middle-market consumer-oriented companies. Specific areas of interest include companies that target markets in health and well-being, convenience, services aimed at the aging population, and emerging/innovative brands. Langholm Capital looks for companies valued up to €200 million and generally based in the UK and Western Europe. Langholm Capital was formed in 2002 and is headquartered in London.


Deal Context for Seller #
Overall 8 of 8
Sector: Consumer Products 1 of 1
Type: Secondary Buyout 5 of 5
Country: Finland 2 of 2
Year: 2021 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Woolovers

West Sussex, United Kingdom

Woolovers is a direct-to-customer retailer of own-brand knitwear and jersey apparel. The business has developed from selling products at country shows to international mail order and the online retailer selling jumpers, sweaters, cardigans, tops, and accessories. Woolovers was founded in 1989 and is based in West Sussex, United Kingdom.

Sell -