Following a successful growth path, Afinum 7 sells its investment in Iconia to funds advised by private equity investor Deutsche Invest. During Afinum’s holding period, Iconia expanded its market position and developed from a well-recognized display provider to the leading European full-service provider of interior architecture, display, and packaging solutions for iconic luxury brands. Today, the Group employs about 420 employees and is present in Switzerland (Freienbach, Lausanne), Italy (Torino, Veggiano), China (Dongguan) and Singapore.
Afinum’s investment into the business back in 2015 was followed by the bolt-on transactions La Cellula Lab in July 2016 and Archimede in August 2016. All transactions were sourced through Afinum’s strong network of partners in proprietary or privileged deal situations.
Due to operational improvements led by its strong and seasoned management team, Iconia boasts industry leading delivery times for orders of all mix and volume varieties due to its uniquely flexible production set-up combining off- and onshore capabilities. Moreover, its long-term partnerships with a prestigious network of luxury brands lead to a high proportion of repeat clients and recurring revenues. Today, the Group is very well positioned and broadly diversified across its product range and many geographic end markets to further expand its market position in the future and generate attractive growth coupled with high profitability.
The transaction is the seventh successful exit of AFINUM Siebte Beteiligungsgesellschaft mbH & Co. geschlossene Investment-KG.