M&A Deal Summary

GE Lighting Acquires Lightech Electronic Industries

On July 20, 2011, GE Lighting acquired electronics company Lightech Electronic Industries from Goldrock Capital for 20M USD

Acquisition Highlights
  • This is GE Lighting’s 1st transaction in the Electronics sector.
  • This is GE Lighting’s largest (disclosed) transaction.
  • This is GE Lighting’s 1st transaction in Israel.

M&A Deal Summary
Date 2011-07-20
Target Lightech Electronic Industries
Sector Electronics
Buyer(s) GE Lighting
Sellers(s) Goldrock Capital
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Lightech Electronic Industries

Lod, Israel
Lightech’s mission is to power the global lighting industry. The company invents, designs, manufactures and delivers power supplies for LED and low-voltage halogen lighting systems, sold globally, but primarily in Europe and North America. Lightech’s drivers, transformers and ballasts are among the most reliable, efficient and cost effective in the market. Led by veteran lighting experts, high-technology entrepreneurs, and cutting-edge electronics scientists, Lightech has nearly 20 years of experience as a provider of choice for lighting power supplies, with operations across the globe and satisfied customers on every continent.

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Buyer(S) 1

Buyer

GE Lighting

Cleveland, Ohio, United States
Category Company
Founded 2000
Sector Electrical Equipment
Employees17,000
DESCRIPTION

GE Lighting LLC offers professional & consumer lighting solutions. GE Lighting was founded in 2000 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Israel) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Albeo Technologies

Boulder, Colorado, United States

Albeo Technologies, Inc., is a provider in Commercial and Industrial LED lighting research and development. Albeo brings the advantages of energy efficient LED Lighting to the industrial and commercial marketplace with LED Lighting solutions created specifically for industrial and commercial buildings

Buy -

Seller(S) 1

SELLER

Goldrock Capital

Modiin, Israel

Investor Investor Investor

Category Family Office
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Goldrock Capital is an Israeli private equity firm focused on investing in growth stage businesses with at least $5 million in revenue. Goldrock looks to invest $1 to $5 million to fund growth capital needs, spin-outs, shareholder liquidity, acquisition financings, and management buyouts. The Firm generally targets businesses which are not capital intensive with differentiated products/services. Target sectors include software/services, internet and digital media, communications/mobile, and industrials. Goldrock was formed in 1999 and is based in Modiin.

DEAL STATS #
Overall 7 of 12
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 6
Country (Israel) 3 of 6
Year (2011) 2 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-30 Cadent

Carlstadt, New Jersey, United States

Cadent is the leading provider of 3-D digital solutions for the orthodontic and dental industries.

Sell $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 IDIT Technologies

Beit Dagan, Israel

IDIT Technologies Ltd. is a provider of enterprise software solutions for the general insurance market. The company’s solutions are based on IDIT™ Software Suite – an enterprise software suite which integrates the business capabilities essential for any general insurance provider.

Sell -
Mergr

Product

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