Champ completes purchase of Gerard Lighting Group
The Champ III Funds, advised by Champ Private Equity, has completed its acquisition of Gerard Lighting Group.
In July 2012, a scheme implementation agreement was executed between an entity owned by the Champ Funds and the board of Gerard Lighting.
Completion today follows the approval of both Gerard Lighting shareholders and the Federal Court of Australia.
Gerard Lighting is an Australian lighting manufacturer and distributor, with international operations in New Zealand, India, the Middle East, the UK, Indonesia and Malaysia. The company targets all segments of the lighting industry through brands including Pierlite, Sylvania and Crompton.
John Haddock, Champ managing director, says: “Champ is pleased to have completed the acquisition of Gerard Lighting and is looking forward to working with Simon Gerard and his management team. Gerard Lighting’s leading market position and numerous growth opportunities make it an attractive addition to the Champ portfolio.”
Simon Gerard, Gerard Lighting chief executive, says: “The management team is excited to be joining the Champ family. The Champ team is aligned with our vision, and we look forward to drawing on their expertise and experience to accelerate our growth ambitions.”
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