Bluegem II LP acquires a majority stake in Light & Living, the European leader in affordable decorative lighting.
29th May 2019
Bluegem is pleased to announce the acquisition of a c.90% stake in Light & Living. Founded more than 40 years ago in Noordwijk and originally a producer of lampshades, Light & living has a become a leading brand in affordable decorative lighting and home decor accessories.
Today the company exports to 80 countries worldwide with offices in The Netherlands, Norway and China. Its agile product development process and supply chain ensure that customers benefit from products which are always on trend, of good quality and at affordable prices, delivered in a record time.
Robin Vlug, the company’s Founder, will remain as CEO of Light & Living and lead its expansion in the coming years.
“We are thrilled to be able to partner with Robin and his teams in Light & Living’s new phase of growth. We see numerous opportunities to gain market share in existing and new geographies but also to expand into new product categories, either organically or through acquisitions” said Mathieu Develay, Investment Director at Bluegem.
“It is a tremendous opportunity for Light & Living to partner with Bluegem, a fund that specialises in developing successful brands internationally”, said Robin Vlug, Founder and CEO of Light & Living. “This investment launches a new phase of development for our company.”