Duff & Phelps Advised Best Lighting Products, Inc. on its Sale to an Affiliate of Corinthian Capital Group, LLC
Best Lighting Products, Inc. (“Best Lighting” or the “Company”), a portfolio company of an affiliate of Wafra Partners LLC, was acquired by an affiliate of Corinthian Capital Group, LLC (“Corinthian Capital”) on July 21, 2015.
Duff & Phelps served as exclusive financial advisor to Best Lighting and provided M&A advisory services in connection with the sale transaction.
About Best Lighting
Best Lighting is the largest designer and manufacturer of private-label emergency and exit lighting products in the United States, serving a large and diverse base of customers. The Company sells a comprehensive portfolio of lighting products across the commercial, industrial, and institutional lighting industries primarily to manufacturers and OEMs. Headquartered in Pataskala, OH, the Company also operates a manufacturing facility in Dongguan, China. The Company will continue to be led by its current management team. Orrick, Herrington and Sutcliffe LLP served as legal counsel to Best Lighting.
About Corinthian Capital Group, LLC
Corinthian Capital is a private equity firm targeting investments in niche manufacturing, distribution, and service businesses with EBITDA between $10 million and $30 million and located primarily in North America. Corinthian Capital is based in New York, NY with offices located in Chicago, IL and Boston, MA. Clifford Chance US LLP served as legal counsel to Corinthian Capital.
About Wafra Partners LLC
Wafra Partners LLC, together with its affiliate Wafra Investment Advisory Group, Inc., comprise a private equity firm focused on middle market companies based in North America that have enterprise values between $20 and $150 million and targets investments in consumer products, outsourced business services, niche manufacturing, and consumer-driven services. Wafra Partners LLC is based in New York, New York.