XXXLutz AG has acquired Lesnina d.d. Financial details will remain confidential.
Lesnina d.d. is a Slovenian company with a long tradition and history dating back to 1949. After a few turbulent years following the dissolution of Yugoslavia, the company’s growth resumed in its largest markets. Lesnina group holds the largest market share in both Slovenia (30% domestic market share of parent company Lesnina d.d.) and Croatia (through subsidiary Lesnina H). The expansion is now oriented towards the Serbian market, where it is present through its 51% stake in Aleksandro. In the next investment cycle, other CEE markets will be entered with the same high-profitability business model which has been used in the domestic market.
XXXLutz AG is a retailer in furniture products for homes. It also offers textiles, curtains, baby articles, lamps, floor coverings, oriental carpets, gifts, household goods, and home accessories. The company was founded in 1945 and is based in Linz, Austria. Through organic growth and acquisitions, XXXLutz has grown to become one of the largest European companies retailing home furnishing, with leading market shares in Germany and Austria.
Oaklins' team in Slovenia advised Lesnina's management team in an MBO project to arrange financing, structuring and execution.
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