Transaction

Capelon sold to Fagerhult Group

Transaction

Capelon sold to Fagerhult Group

Sell-side

Undisclosed

Role

Adviser to the owners of Capelon on its sale to Fagerhult Group

Sector

Tech & Tech Services

Region

Sweden

We have advised the owners of Capelon, a Swedish technology leader in smart outdoor lighting powered by an open and scalable IoT platform, in their sale to Fagerhult Group.

Fagerhult Group is a global leader in professional lighting solutions with a strong focus on innovation, sustainability and energy efficiency. With operations in more than 130 countries and a family of well-known brands, the Group develops advanced lighting systems for public environments, offices, retail and urban spaces.

The acquisition of Capelon not only strengthens Fagerhult’s position within connected lighting but also supports its ambitions for international expansion. By combining Capelon’s pioneering IoT technology with Fagerhult’s global presence, the partnership enables a powerful platform for sustainable growth, driving the development of smart, connected, and energy-efficient cities of the future. Capelon’s role as a technology leader is central in enabling municipalities and infrastructure owners to accelerate their transition towards sustainability and smart city innovation.

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In recent years, Capelon has experienced a growing interest in our products and services, something we are truly pleased about. To be able to meet this increasing demand while continuing to deliver customer support and services at the highest level, we need to grow and strengthen our organisation.

Given the specific requirements we had for a new owner or partner, we now realise in hindsight that Clearwater’s achievement – identifying the right partner and driving the process to closing in such a short time – was close to impossible. Thanks to Clearwater, Capelon is now an independent brand within the Fagerhult Group’s strategic focus on smart lighting. The Clearwater team’s availability, expertise, and commitment were absolutely crucial for this successful outcome. We would also like to extend our sincere thanks to the legal team at TM & Partner for their knowledge and dedication throughout the process.

Liang Liem, CEO and Founder, Capelon

We are proud to have supported the owners of Capelon in this transaction. Fagerhult Group is an excellent strategic partner, and together with Capelon’s innovative technology, they are well-positioned to drive growth in smart and sustainable lighting — and to accelerate smart city development.

Henrik Falkenby, Director, Clearwater

Advisers

Transactions