Investment Summary

Pegasus Capital Advisors, Simon Equity Partners and Riverwood Capital Invest In Lighting Science Group

On October 6, 2010, private equity firm Pegasus Capital Advisors, growth capital firm Simon Equity Partners and private equity firm Riverwood Capital invested in electrical equipment company Lighting Science Group

Investment Highlights
  • This is Pegasus Capital Advisors’ 1st, Simon Equity Partners’ 1st and Riverwood Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Pegasus Capital Advisors’ 17th, Simon Equity Partners’ 7th and Riverwood Capital’s 3rd transaction in the United States.
  • This is Pegasus Capital Advisors’ 1st, Simon Equity Partners’ 1st and Riverwood Capital’s 1st transaction in Rhode Island.

Investment Summary

Date 2010-10-06
Target Lighting Science Group
Sector Electrical Equipment
Investor(s) Pegasus Capital Advisors
Simon Equity Partners
Riverwood Capital
Deal Type Stake Purchase

Target

Lighting Science Group

West Warwick, Rhode Island, United States
Lighting Science Group Corp. designs develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy-efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group was founded in 2000 and is based in West Warwick, Rhode Island.

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Investor(S) 3

Investor

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 20 of 31
Sector: Electrical Equipment M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Rhode Island M&A 1 of 2
Country: United States M&A 17 of 25
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 Molycorp

Greenwood Village, Colorado, United States

Molycorp, Inc. is a mining company that produces and sells rare earth and rare metal materials. The company filed for bankruptcy in June 2015.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-02 ReCommunity Holdings

Charlotte, North Carolina, United States

ReCommunity is a recycling, recovery and repowering company that is focused on dramatically reducing the volume of land-filled waste through conversion into useful products such as recycled commodities, low-carbon energy, ReEngineered Feedstock, biofuels, and other value-added recycled products. ReCommunity Holdings was founded in 2011 and is based in Charlotte, North Carolina.

Buy $134M
Investor

Simon Equity Partners

Larkspur, California, United States

Investor Investor


Category Growth Capital Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Simon Equity Partners LLC is a private equity firm focused on making growth capital investments in the consumer sector. The Firm looks to invest in profitable, growth-oriented companies with high-margin/differentiated products. Simon seeks investments of $2 to $10 million in businesses generating $5 to $20 million in sales. Specific areas of interest includes apparel, food and beverages, health and wellness, home care, hospitality, beauty & personal care, specialty retail, sustainability, restaurants, and food services. Simon Equity Partners LLC is the investment arm of Simon Property Group, the publicly traded real estate firm. Simon Equity Partners LLC is based in San Francisco, California.


DEAL STATS #
Overall 7 of 10
Sector: Electrical Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Rhode Island M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2010 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-09 Icu Eyewear

Hollister, California, United States

Icu Eyewear is a designer and marketer of reading glasses, sunglasses and specialty eyewear. Icu Eyewear was founded in 1997 and is based in Hollister, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Daisy d/b/a MOG Inc

Santa Monica, California, United States

MOG is a company conceived and run by music fans who share one simple goal: to create the perfect destination for music lovers to learn about and discover music.

Sell -
Investor

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.


DEAL STATS #
Overall 4 of 46
Sector: Electrical Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Rhode Island M&A 1 of 1
Country: United States M&A 3 of 29
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Operative

New York, New York, United States

Operative is a provider of software solutions to the media industry. Operative is the preferred business software partner for over 150 of the world’s top media brands. No other software company brings a comparable depth of experience to create truly innovative software that performs across all platforms, revenue models, and business units. Operative is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Synapsis Soluciones y Servicios IT

Livorno, Italy

Synapsis is a research and development, engineering and consulting company in the 'e-Health' sector. Synapsis creates a global, synergetic IT solution to the needs of the Healthcare Authorities to improve the performance of the services provided to the general public, thanks to cutting-edge ICT solutions, to the effective management of the products and to the detailed knowledge of clinical processes.

Buy $52M