Sherpa Capital bought a majority stake in Luxiona.

American venture capital firm Sherpa Capital bought a majority stake in Luxiona, a Spanish lighting solutions company. Aurica and Caixabank are the sellers as well as Luxiona’s founding family, which will retain a stake. Financial terms were not disclosed. Jorge Fernández Miret, partner of Sherpa Capital said, “This acquisition represents a long-term consolidation project in a market with enormous potential for growth, where a leading operator such as Luxiona enjoys enormous competitive advantages. For us, this Project is especially interesting because Luxiona has already been successful in the past developing a process of international acquisitions that we want to continue promoting in next years to create one of the leading businesses in the sector at the worldwide level”.