Lumiforte partners with Kartesia to propel global growth and innovation

September 2024 — Lumiforte, a global leader in innovative smart coatings for greenhouse horticulture, sports line-marking and other functional coatings for agriculture and industry, is excited to announce an investment from Kartesia, a European specialist in capital solutions for small and medium-sized companies. Horticoop, a longstanding shareholder of Lumiforte and a key player in the horticultural industry through its investment cooperative, continues to remain a shareholder.

Headquartered in Baarle-Nassau, the Netherlands, Lumiforte provides smart coatings for high-tech greenhouses. With a strong commitment to innovation and advanced R&D, the company has developed top-tier products that address the increasing demand for smart coatings by significantly enhancing clients’ sustainability, profitability and efficiency. In addition to its leadership in the high-tech greenhouse sector, Lumiforte has established a strong foothold in the sports line-marking industry with its high-quality coatings. Leveraging its deep expertise in smart coatings, Lumiforte can efficiently expand into new niches. Recently, the company entered the cool-roofing sector and is preparing to launch coatings for the orchards market.

Kartesia is a pan-European, independent and privately-owned specialist provider of financing solutions focused on offering customized resources across the capital structure to prominent mid-market companies from a wide range of industries wanting to accelerate their growth. Kartesia manages over US$7.8 billion in assets and is operated by a team of more than 110 experienced professionals in investment and operating teams led by its three founding managing partners. The organization has offices in Amsterdam, Brussels, London, Luxembourg, Madrid, Milan, Munich and Paris.

Horticoop is a cooperative that invests actively in businesses that contribute to the horticultural industry. In this way, it supports a sector that is meeting the needs of a growing population while at the same time ensuring the environmental burden is reduced to a minimum.

Our role in the transaction

Oaklins’ team in the Netherlands served as the exclusive sell-side advisor to Horticoop in this transaction. This deal highlights Oaklins’ extensive expertise in supporting transactions across the horticulture, sports and sustainability sectors while also marking the second transaction with Kartesia in the smart coating industry, following the Groglass transaction. With deep sector knowledge and a proven track record, Oaklins continues to be a trusted advisor.