When the two managing directors of LUMINO Licht Elektronik GmbH, Mario Fullert and Rolf Aengenendt, announced their intention to retire from the company, the question of a suitable successor arose for the second time in the company’s history. At the same time, Karl Ronkholz, founder, former managing director, majority shareholder and still an active entrepreneurial figure in the background, announced his intention to relinquish his majority stake in the company at the age of 77. It quickly became clear that a comprehensive solution was needed to continue LUMINO. Together with S-UBG AG, which had already successfully supported the succession once before and is a minority shareholder in LUMINO, a doubly good solution was found: In the form of a combined owner’s buy-out and management buy-in / buy-out.
Find out how the entire transaction was realised and what Lumino does in our case study.
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