Graycliff Partners Announces Investment in Lighting Technologies International
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, announced that it has provided subordinated debt and equity financing to Lighting Technologies International LLC (“LTI”). Graycliff’s investment was in support of the purchase of a controlling stake in LTI by Saratoga Partners, an independent, New York-based merchant banking firm specializing in alternative asset investment in private equity and debt.
Headquartered in Baldwin Park, California, and founded in 1999, LTI is the largest US designer, developer and manufacturer of digital cinema projection lamps. The Company’s reputation for product quality, expansive product line and long-term customer relationships have allowed the Company to build a strong position in the US, as well as a strong foothold in the European and Asian markets. This transaction returns LTI to its independent, entrepreneurial roots, after the business was acquired in 2007 by Philips Lighting.
“LTI’s reputation for innovative technology and design bolstered by its unique manufacturing capabilities has positioned the Company as a best-in-breed leader in terms of quality,” said Andrew Trigg, Managing Partner, Graycliff Partners. “We are excited about our partnership with management and Saratoga Partners and look forward to seeing LTI through their next stage of growth.”
About Graycliff Partners LP
Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.