Cavendish

Cavendish advises on the sale of Levolux

Cavendish Corporate Finance is pleased to announce the sale of Levolux Ltd and Levolux AT Ltd, the UK's leading supplier of solar shading systems for buildings, to the Alumasc Group plc, the premium building and engineering products company, for £13.5m.

Levolux, which was first established in 1973, designs, manufactures and installs internal and external shading systems which are used to control the impact of sunlight on a building's internal environment. These systems, which include Brise Soleil, Aerofoil Fins, Louvres, and External and Internal Blinds, are increasingly specified in new buildings and refurbishment projects in order to improve energy performance and the comfort of occupants.

The acquisition of Levolux fits with the core strategy of Alumasc to develop its high performance building products activities. Levolux will continue to operate from its current facilities in Harrow and Gloucester and be managed by its existing team, including John and Pamela Stern, the two principal shareholders.

Cavendish conducted an extensive, but highly confidential, global marketing exercise, which generated substantial interest in Levolux from potential buyers from across the globe. Cavendish ensured that the requirements of the shareholders were met, both in terms of price and the future development of Levolux as an independent business within a larger group.

John Stern, Chairman of Levolux commented: ''This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by Cavendish.''

Cavendish contacts for further information:
[Philip Barker], Director
[Michael Jewell], Associate Director

[Go to deal information »]
[Back »]