Clay Paky in final talks with Osram
Clay Paky, a private Italian lighting company, is in the final stage of discussions with German LED lamp manufacturer Osram, three sources with knowledge of the situation said.
The group receives advice from KPMG, as previously reported by this news service. Information memoranda were dispatched in March.
Founded in 1976, the group is wholly held by Italian entrepreneur Pasquale Quadri. In 2013 the group generated turnover of EUR 70m with no debt.
Clay Paky's valuation should be around EUR 170m on the basis of the value of the company's products, know-how, and market position.
Clay Paky provides lighting for entertainment industries, primarily for television production, concerts and theatres.
Clay Paky and KPMG declined to comment.