
Baird acquires majority stake in Collingwood
Baird Capital has acquired a majority stake in UK-based lighting company Collingwood Lighting.
Under its new owners, the company will invest in product development, while Baird partners James Benfield and Dennis Hall will take seats on the Collingwood board of directors as part of the deal.
The GP is currently investing from Baird Capital Global Fund I, which held a final close on $310m in June 2017 and was approximately 50% deployed across six deals as of May 2018.
Company
Founded in 1901 and headquartered in Sywell, Northamptonshire, Collingwood is a designer and supplier of residential, commercial and exterior light fittings for the refurbishment and new-build markets.
The business generated a turnover of £22.1m and an operating profit of £1.5m in the year ending in March 2017, according to publicly available documents.
People
Baird Capital – James Benfield, Dennis Hall (partners).
Collingwood Lighting – Steve Grao (CEO).
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