OMMAX supported Gimv on the acquisition of Lupine Lighting Systems

The OMMAX team conducted commercial due diligence focusing on key areas, including business model assessment, market and competitive dynamics, customer performance, and value creation opportunities. This comprehensive approach demonstrated Lupine’s highly scalable business model as a manufacturer of premium portable lighting systems.

Koen Bouckaert, Managing Partner at Gimv, commented: "We are very pleased with OMMAX’s thorough commercial analysis of Lupine’s business model and key capabilities. The diligent work provided an extensive overview of the company’s current position and actionable value creation potential with concrete levers to drive further growth. We are looking forward to progressing with the next steps following this acquisition."

Toni Stork, CEO at OMMAX, added: "We would like to congratulate Gimv on the successful acquisition of Lupine Lighting systems. The organization’s high level of innovation in combination with its strong brand image make Lupine a strong player in the premium portable lights market and we are looking forward to the further development of the company."

About Lupine

Founded in 1989, Lupine specializes in the development and production of high-quality, state-of-the-art portable premium lights for bicycles, e-bikes, and outdoor use. Lupine products are popular worldwide due to their durability, luminosity, and high-quality manufacturing. Lupine supplies sports and outdoor enthusiasts as well as companies from various sectors (including the bicycle industry, police, fire department, and mountain rescue services).

For more information, visit www.lupine.de

About Gimv

Gimv is a Belgium-based investment fund with a focus on consumer goods, healthcare, life sciences, smart industries, and sustainability. The financial investor has around 60 companies in its portfolio, which together generate a total annual turnover of over 60 million euros and employ more than 20,000 people. Lupine fits perfectly into the “Sports & Leisure” area of Gimv Consumer's “Home & Family” segment. Under the umbrella of Gimv, Lupine will be strategically developed as a separate platform in the coming years.

For more information, visit www.gimv.com

About OMMAX

We believe everyone can become a digital leader.

OMMAX is a fast-growing digital strategy consultancy specializing in transaction advisory, strategy, and end-to-end execution of digital initiatives. It’s our vision to build digital leaders worldwide to foster innovation and accelerate digital growth and profitability. Over the past 14 years, we realized 300+ M&A deals with >€20B deal value and 2,000+ international value creation projects in various industries for leading private equity firms in commercial strategy, digital operational excellence, advanced data strategy, analytics, tech, and automation. As a front-runner for holistic data-driven strategy consulting and end-to-end execution, we are the leading consultancy within the global private equity sphere, designing and delivering best-in-class digital strategy and value creation.

Interested in learning more about OMMAX's transaction advisory services? Get in touch with Co-Founder & CEO Toni Stork: toni.stork@ommax.de