Law firm Brachers has advised on the sale of West Sussex-based Emergency Lighting Products (ELP) to Prime Light Group, backed by private equity firm Baytree Capital. ELP, a subsidiary of Essex’s Jordan Reflectors, specialises in emergency lighting systems.
The Brachers corporate team was led by partner Matt Simmonds, with support from solicitor Thomas Wells and paralegal Charlotte Berthel. German parent company Jordan Reflektoren GmbH & Co KG is led by chief executive Stefan Herx.
Herx said: “We are proud of what ELP has achieved as part of our group and are confident that Prime Light Group is the right partner to take the business forward. Their expertise and resources will enable ELP to continue delivering innovative solutions to its customers. We would like to thank Brachers for their expert guidance and support throughout the process. It was a complex transaction structure with many moving parts with an accelerated timescale. The Brachers team delivered for us in a very impressive way.”
Simmonds added: “I am delighted to have worked with the team at Jordan Reflectors on the successful sale of Emergency Light Products. ELP has an outstanding reputation in the emergency lighting sector, and this deal represents an exciting opportunity for the business under Prime Light Group’s ownership. I am really grateful to the teams from Zerbach & Company and Barnes Roffe for all of their support during the transaction, which was invaluable.”
German lead advisory firm Zerbach & Company Corporate Finance provided corporate finance advice, supported in the UK by Barnes Roffe LLP. Squire Patten Bloggs acted for Prime Light Group and Baytree Capital on the acquisition.
