Creditors take control of PE-owned Gerard Lighting
A creditor consortium led by Investec and Bain Capital Credit (BCC) has assumed full control of Gerard Lighting, an Australian light fittings distributor owned by CHAMP Private Equity.
CHAMP took the business private four-and-a-half years ago in a deal worth A$186 million ($140 million) with a view to leveraging the structural shift in the industry towards LED and energy efficient solutions....
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