Clearwater International UK has provided buy-side debt advisory support to Baird Capital, the direct investment arm of Robert W. Baird & Co, for the acquisition of a majority interest in Collingwood Lighting.
Headquartered in Northamptonshire, Collingwood is a leading designer and supplier of residential, commercial and exterior luminaires into the professional refurbishment and new-build markets in the UK and France. The Company’s strong position in its markets is underpinned by its products’ energy efficiency, innovation and quality alongside the high levels of service the company provides its longstanding customer base.
Baird’s backing will enable Collingwood to continue to invest in innovation and technology as lighting maintains its central position within intelligent and connected built infrastructure. The LED luminaires market has been in strong growth and this is set to continue with consumers opting for more fitted and architectural products in the home. Halogen bulbs will be banned across the EU from September 2018 enhancing the consumer shift to LED based products as they seek a more energy efficient solution. The UK market for LED luminaires has significantly outperformed against the wider lighting market over the last decade and is now worth c.£640m. Western Europe is exhibiting similar trends with Germany and France forming the largest markets along with the UK.
The Clearwater International team comprised of Partner Chris Smith, Directors Lachlan Dorrity and Helen Lowe, and Associate Mark Ward.