Charles Russell Speechlys advises Grakon LLC on the acquisition of BMAC LTD
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.
News & Insights
Charles Russell Speechlys advised AIM listed Prime People plc on its capital reduction and return of capital to shareholders
Charles Russell Speechlys advised AIM-listed client on a reduction of capital and the subsequent return of capital to shareholders.
Charles Russell Speechlys releases H2 2019 deal highlights
Our highlights over the past 6 months are now available.
Charles Russell Speechlys advises Growthpoint Investec African Properties on its acquisition of the RMB Westport Real Estate Development Fund
Charles Russell Speechlys advised Growthpoint Investec African Properties on its third acquisition of RMB Westport.