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Combination of Kéria Groupe with Eglo Leuchten Gmbh

Paris (France), February 5, 2024,

FDC advised the shareholders of Keria Groupe, a company founded in 1982 and specialized in the distribution of interior lighting in France, in its merger with Eglo Leuchten Gmbh.

The Keria group is a French family-owned group specialized in the distribution of lamps and lighting. Thanks to internal and external growth (merger with Laurie Lumière in 2019 and integration of Lightonline in 2022), a multi-channel model (network of 70 stores strategically distributed across France and several websites) and a portfolio of recognized and complementary brands, the group has accelerated its digital transformation in recent years to reach 30% digital market share and has established itself as the lighting specialist in France.

In a macroeconomic environment undergoing rapid transformation, the group’s shareholders have initiated discussions with strategic European industrial partners in order to achieve value-creating synergies and perpetuate a group recognized for its expertise and popular with consumers. Thanks to the merger with Eglo, the Kéria group will be able to seize full advantage of vertical integration allowing it to improve quickly its economic model and then work on its deployment in France and internationally.

With a turnover of 634 million euros and based in Austria, the Eglo Leuchten GmbH group is a leading European and global manufacturer operating in 70 countries in the lighting market for individuals and the corporates,

with its own factories in Europe and internationally. Strongly internationalized and established in France since 1998, the group wishing to address the end consumer through an omnichannel policy, via the development of a network of points of sale and online sales sites, will be able to rely fully on this combination, thus giving it the means to achieve its ambitions.

This combination of the leader in French lighting distribution and an industrial/strategic, European and world leader in distribution player demonstrates the relevance of vertical integration in a specialized market.

Emmanuel Ducrot and Guillaume Piette, Partners of FDC, conclude:

« We are delighted to have supported Keria’s shareholders during this new founding stage in the company’s history. This merger reflects our know-how in discussions with strategic partners and demonstrates our recognized expertise in retail. This new transaction showcases the experience of Financière de Courcelles in restructuring operations. »

For KERIA Group

  • Fiba : Sébastien Hours, Aurélie Barbe-Hours
  • M&A Advisor: Financière de Courcelles (Guillaume Piette, Emmanuel Ducrot, Thibault Puissant, Marion Pimenta)
  • Financial Advisor: KPMG (Jack Rupchandani, Antoine Aubry)
  • Legal Advisor: August & Debouzy (Laurent Cotret, Jérôme Brosset, Audrey Thomas, François Rétif)

For EGLO Group

  • Eglo Gmbh Leuchten: Ludwig Obwieser, Christian Obwieser, René Tiefenbacher, Stephan Marty
  • Financial Advisor: Next Financial Advisors (Hervé Krissi, Laura Guérin, Mathieu Olive)
  • Legal Advisor: Mermoz (Olivier Péchenard, Augustin Billot, Thomas Hermetet)

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