COFIDES, as fund manager for FIEX, supports the new international project developed by the Catalonian Group J. FELIÚ DE LA PENYA. The total investment of the project amounts to 50 million zloty, which will fund the acquisition of a 100% stake in AGA LIGHT. AGA LIGHT is one of the largest companies in the Polish lighting market and specialises in lighting for sanitary areas. AGA LIGHT’s turnover amounts to 18 million euros and the company has 250 employees.

While J. FELIÚ DE LA PENYA holds a 51% stake in AGA LIGHT, COFIDES has taken a 49% stake in the Polish company for 8 million euros. Not only will this project reinforce the Group’s presence in a key catchment area, but also enable it to obtain market synergies in different geographical areas.

Located in Barcelona, J. FELIÚ DE LA PENYA was established in 1929. Since then, the company has been operating in the lighting sector, making and selling decorative lighting products for the interior. J.FELIÚ DE LA PENYA owns different brands such as Troll (technical lighting), Metalarte (decorative lighting) or Sagelux (emergency lighting) and Led & Co (LED). The company owns productive and commercial subsidiaries in France, Germany, China, Mexico and Egypt. In 2006, COFIDES extended a 0.57 million euro loan to the Mexican subsidiary.