Capricorn and LRM invest €20m in Ducatt

The backers have agreed to contribute €10m each to the project. The balance of the financial requirements will be met with bank loans.

Capricorn invested through its €100m Cleantech Fund, a vehicle raised in 2008. LRM is an investment company that, besides making direct investments, also has a stake in Capricorn Cleantech Fund.

The banning of the incandescent light bulbs from the European market in 2012 led Emro - a joint-venture between Phillips Lighting and Osram - to spin out its light bulb production activities. Two members of the Emgo management team have initiated a new activity under the Ducatt name. The light bulb production line will be converted into a specialty glass production facility for the photovoltaic industry.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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