Harris Williams Advises Visual Comfort & Co. on its Pending Investment from Goldman Sachs Asset Management & Leonard Green & ...
June 08 2021 - 1:43PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Visual Comfort
& Co., the premier resource for signature designer lighting, on
its pending investment from Goldman Sachs Asset Management and
Leonard Green & Partners (LGP). The investment is being made
alongside Visual Comfort & Co.’s existing investment partner,
AEA Investors LP (AEA). The transaction is being led by Corey
Benjamin, John Neuner and Zach Ledwith of the Harris Williams
Consumer Group and Graham Rives of the firm’s Building Products
& Materials Group.
“We are excited to work with the Visual Comfort & Co. team
again as they continue to build the premier lighting platform in
the industry,” said John Neuner, a managing director at Harris
Williams. “With a wide range of brands, products and a devoted
customer base, it’s easy to see how the company became the market
leader—with ample opportunity to continue to grow the company.”
“Andy Singer and the whole management team have built a
world-class business and we are proud to have partnered with Visual
Comfort & Co. again to find another set of partners who believe
in the company’s vision and opportunity ahead,” said Corey
Benjamin, a managing director at Harris Williams. “Building on the
foundation that was set with their prior investors, the addition of
Goldman Sachs Asset Management and LGP will continue to add
resources and capabilities to further expand across end
markets.”
Since 1987, Visual Comfort & Co. has been the premier
resource for signature designer lighting. For nearly 30 years,
Visual Comfort & Co. has produced lighting with some of the
most influential names in design using natural materials of
exceptional quality and distinctive, hand-applied, living finishes.
Visual Comfort & Co. offers a broad assortment of lighting
featuring many prominent designs synonymous with high style and
functionality.
AEA was founded in 1968 by the Rockefeller, Mellon and Harriman
family interests and S.G. Warburg & Co. as a private investment
vehicle for a select group of industrial family offices with
substantial assets. AEA has an extraordinary global network built
over many years which includes leading industrial families,
business executives and leaders; many of whom invest with AEA as
active individual investors and/or join its portfolio company
boards or act in other advisory roles. Today, AEA’s approximately
100 investment professionals operate globally with offices in New
York, Connecticut, San Francisco, London, Munich and Shanghai. The
firm manages funds that have over $15 billion of invested and
committed capital including the leveraged buyouts of middle market
companies and small business companies and mezzanine and senior
debt investments.
Goldman Sachs Asset Management is the primary investing arm of
The Goldman Sachs Group, Inc. (NYSE: GS). Goldman Sachs Asset
Management provides investment and advisory services for some of
the world’s leading institutions, financial advisors and
individuals. Goldman Sachs Asset Management invests across public
and private markets through one world-class investing platform with
more than $2 trillion in assets under supervision. Founded in 1869,
Goldman Sachs is a leading global financial institution that
delivers financial services across investment banking, securities,
investment management and consumer banking to a large and
diversified client base.
LGP is a leading private equity investment firm founded in 1989
and based in Los Angeles. The firm partners with experienced
management teams and often with founders to invest in
market-leading companies. Since inception, LGP has invested in over
100 companies in the form of traditional buyouts, going-private
transactions, recapitalizations, growth equity, and selective
public equity and debt positions. The firm primarily focuses on
companies providing services, including consumer, business and
healthcare services, as well as retail, distribution and
industrials. LGP has raised over $40 billion of committed capital
since inception.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
The Harris Williams Building Products & Materials Group has
closed transactions across a broad spectrum of building products
and materials sectors, with expertise that spans from lighter
building products used in residential and commercial markets to
heavy construction materials used in infrastructure applications.
Within these sectors, our firm has worked with clients that touch
every aspect of the production, distribution and related
construction services in these markets. For more information, visit
the Building Products & Materials Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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Julia Moore media@harriswilliams.com
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