Charles Russell Speechlys advises Grakon LLC on the acquisition of BMAC LTD
12 October 2016
Charles Russell Speechlys has advised Grakon LLC (an investee company of Industrial Growth Partners, the San Francisco-based private equity investment firm) on its acquisition of BMAC Limited, a leader in designing, manufacturing and distributing LED lighting and electronic control systems.
BMAC, headquartered near Manchester and founded in 1927, is a leader in designing, manufacturing and distributing LED lighting and electronic control systems for the European rail, bus and tram markets. The company’s recent product introductions include the market’s first LED rail lighting solution which is fully compliant with the European EN15153-1 exterior rail lighting standard and a self-powered wireless bell push system for buses.
Jeff Webb of Industrial Growth Partners commented “This was a cross-border, corporate carve-out transaction with a complex set of issues, and the Charles Russell Speechlys team did a super job across all facets of the transaction and played a key role in getting this deal across the finish line”.
Malcolm MacDougall commented “We are delighted to have worked with Grakon and Industrial Growth Partners on this acquisition, and to have achieved a successful completion. We wish them all the best as they look to grow the business in Europe.”
The Charles Russell Speechlys core team comprised Corporate Partner and Head of Private Equity Malcolm MacDougall and Corporate Associates Chris Manning and Amy Utley, Corporate Tax Associate Helen Coward and members of the firm’s Commercial and Intellectual Property teams.