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  6. EcoSense Lighting Acquires Soraa

M&A Deal Summary

EcoSense Lighting Acquires Soraa

On March 23, 2020, EcoSense Lighting acquired electrical equipment company Soraa from Angeleno Group

Acquisition Highlights
  • This is EcoSense Lighting’s 2nd transaction in the Electrical Equipment sector.
  • This is EcoSense Lighting’s 2nd transaction in the United States.
  • This is EcoSense Lighting’s 2nd transaction in California.

M&A Deal Summary
Date 2020-03-23
Target Soraa
Sector Electrical Equipment
Buyer(s) EcoSense Lighting
Sellers(s) Angeleno Group
Deal Type Add-on Acquisition

Target

Soraa

Fremont, California, United States
Soraa, Inc. developer of GaN-on-GaN (gallium nitride on gallium nitride) solid-state LED lighting technology for the general illumination market. Soraa’s products offer superior light quality and color rendering when compared to other LEDs while using a fraction of the energy of a comparable halogen lamp. Soraa was founded in 2008 and is based in Fremont, California.

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Buyer(S) 1

Buyer

EcoSense Lighting

Los Angeles, California, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

EcoSense Lighting, Inc. is a manufacturer of LED lighting solutions for architectural and commercial applications.

DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Journee Lighting

Westlake Village, California, United States

Journee Lighting is a privately owned lighting company specializes in the design and development of specification grade lighting.

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Seller(S) 1

SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.

DEAL STATS #
Overall 12 of 19
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 11
State: California M&A 6 of 9
Country: United States M&A 11 of 15
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Click Energy Pty

Melbourne, Australia

Click Energy is Australia’s largest independent energy retailer. Established in 2006, serving more than 155,000 customers in Victoria, New South Wales, Queensland and South Australia. The company was the first energy retailer to operate completely online and is dedicated to delivering simple, great value energy with a strong customer-service focus.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Newterra

Brockville, Ontario, Canada

Newterra is a provider of decentralized water and wastewater treatment solutions to the global mining, oil & gas, and private development markets. Newterra was founded in 1863 and is based in Brockville, Ontario.

Sell -
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