OakNorth completes deal with private equity firm Baird Capital to support latest acquisition
OakNorth, the London-based bank, has completed a deal with private equity firm Baird Capital to part finance the acquisition of Collingwood Lighting.
Collingwood Lighting, which designs and supplies luminaires into the professional refurbishment and new-build markets in the UK and France, is a fourth-generation, family-owned business.
The company’s clients include residences, hotels, universities, shops and elderly care homes.
Baird Capital, which also has an office in London, makes investments in mid-market companies across the United States, Europe and Asia.
Stuart Blair, debt finance director at OakNorth, said: “Collingwood Lighting is a well-run business with an excellent reputation for providing high-quality LED products, service and support.
“In Baird Capital, they’ve found a partner with extensive knowledge and experience of operating internationally, as well as a strong track record of investment returns over a sustained period.
“We’re delighted to have supported the business with this acquisition and look forward to working with Baird Capital on future transactions.”
James Benfield, partner at Baird Capital, commented: “The European lighting market is an exciting sector as lighting maintains its central position within intelligent and connected built infrastructure.
“Despite being founded almost five decades’ ago, Collingwood has managed to maintain its strong position through constantly innovating alongside establishing long-term relationships with its customers.”
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