Announced

An investment consortium to invest in Visual Comfort Group.

Synopsis

A consortium of investors agreed to invest in Visual Comfort Group, a lighting manufacturing group. The consortium includes Goldman Sachs Asset Management, Leonard Green & Partners and AEA Investors. The transaction is subject to customary closing conditions, including requisite regulatory approvals, and is expected to close during the third quarter of 2021. Financial terms were not disclosed. "Our company has benefitted greatly during our association with AEA and we are excited to continue our partnership with such trusted advisors. Similarly, we are fortunate to welcome LGP and Goldman Sachs as additional partners and look forward to their support as we build the Visual Comfort & Co. family of brands to new heights across the globe. We are convinced that the best is yet to come as we combine the outstanding experience and expertise of our capital partners to build upon our strong foundation," Andy Singer, Visual Comfort Founder and CEO.

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