JCC Lighting (United Kingdom) - Jan 2008

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01 January 2008

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LDC has invested less than £10m to back the management buyout of JCC Lighting, a lighting fixtures group. The transaction was supported by acquisition debt facilities provided by Royal Bank of Scotland. LDC had tracked the business for sometime before the family vendors appointed KPMG to run an auction process. LDC competed against a number of other private equity buyers and believed the relationship it formed with management, its persistence in understanding the global lighting sector in which JCC operates and the vendors’ confidence in its ability to deliver helped it to win the deal. LDC was attracted to JCC because of the potential to develop the business both in the UK and overseas and its well-designed products in uplighting and downlighting – expanding parts of the market in which JCC owns Fireguard, a leading brand.

Company

JCC was established in 1989 and is now a global lighting fixtures business which designs, sources, imports, warehouses and wholesales a range of commercial and domestic lighting. The company’s products are primarily sold to the electrical wholesale channel. Bognor Regis-headquartered JCC has a production facility in Droitwich in the West Midlands and operates showroom and distribution centres from Bognor, Droitwich and Belfast. It also has an overseas presence through offices in Dubai, Hong Kong and China. The company generates profits of approximately £5m on a turnover of £28.5m. End of year outturn for April 2008 is forecast to grow by 16% to reach £33.1m. JCC employs approximately 50 staff.

People

Peter Brook led the deal for LDC with Andy Kilborn and Matthew Norrington. Brook and Kilborn join the board of the company. Paul Bossan, David Amos, Nick Evans and Peter Russell worked on the deal for Royal Bank of Scotland.

Advisers

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