Saturday, August 20, 2022

Sustainability-focused private equity investor acquires Collingwood Lighting

Ambienta, the sustainability-focused private equity investor, has acquired Collingwood Lighting Technology Group (UK), a designer, manufacturer and distributor of LED luminaires for residential, landscape and commercial & light industrial applications.

Headquartered in Sywell, Northamptonshire, Collingwood was founded in 1901.

Collingwood’s management team, led by Steve Grao, CEO, will retain a significant stake in the company. Ambienta’s partnership with Collingwood will enable the management team to pursue a combination of organic and inorganic growth initiatives with the strategic vision to create a pan-European market leader within LED luminaires.

Steve Grao, CEO of Collingwood, said: “I am proud of what Collingwood has achieved so far and I look forward to accelerating growth by taking advantage of the many growth drivers I see on the market, including acquisitions. I truly believe Ambienta, as the leading European Private Equity investor in sustainability, is the right partner to enable Collingwood to reach the next level.”

Matthew Norrington, Principal at Ambienta, said: “We are backing a first-rate and proven management team who have a clear strategic vision and strong ambition to transform Collingwood into a leading Pan European LED luminaires provider.”

Francesco Lodrini, Partner at Ambienta, said: “Collingwood fits perfectly with our strategy of supporting mid-sized companies backed by long-term sustainability trends to expand organically and through international M&A. This is the second acquisition completed by Ambienta in the UK in the last 12 months, further confirming our long-term commitment to a strategic region.”

Ambienta was advised by DC Advisory (M&A and debt advice), Alvarez & Marsal (financial, tax and operational), PwC (commercial and tax structuring), Osborne Clarke (legal) and Willis Towers Watson (insurance).

The deal was led for Ambienta by Mauro Roversi, Francesco Lodrini, Matthew Norrington and Ayan Ahmed.

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