HCAP Partners said Wednesday that it has completed a mezzanine loan investment in Noribachi. Financial terms weren’t announced. Harbor City, California-based Noribachi makes high-output commercial and industrial LED lighting solutions.
SAN DIEGO, CA (PRWEB) SEPTEMBER 16, 2015
HCAP Partners (formerly Huntington Capital), a California-based mezzanine debt and private equity firm, today announced that it has completed a mezzanine loan investment in U.S.-based LED manufacturer Noribachi.
Noribachi is a U.S.-based manufacturer of high-output commercial and industrial LED lighting solutions. The Company, founded by Silicon Valley entrepreneurs Farzad and Rhonda Dibachi, is committed to custom engineering LED lighting products to order that are highly efficient, flexible, cost-effective and energy saving. As a result of this custom engineering approach, Noribachi has been featured on both the Forbes List of America’s Most Promising Companies and Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies for the past two consecutive years. The Company also ranked 7th on the Los Angeles Business Journal’s 100 Fastest Growing Private Companies List in 2014.
HCAP Partners managing partner Tim Bubnack commented, “We look forward to partnering with the Noribachi management team to support the Company’s growth. We believe Noribachi will continue to strongly differentiate themselves in the market, incorporating design and technology to deliver next generation lighting solutions that offer value and a strong return on investment.”
Farzad Dibachi, co-founder and CEO of Noribachi, stated, “We are pleased to be partnering with HCAP Partners. This investment helps Noribachi expand the manufacturing of our Bespoke Engineered and Specifically Tailored LED lighting solutions as well as support our current and growing customer base with the highest quality LED products.”
U.S.-based Noribachi is a leading custom LED manufacturer for high output commercial and industrial solutions. Noribachi applies a Bespoke Engineered & Specifically Tailored (BEST) methodology to deliver unlimited LED lighting applications. Noribachi is dedicated to improving the lighting industry by incorporating design and technology to our BEST lighting solutions. For more information, visit http://www.noribachi.com.
About HCAP Partners
HCAP Partners (formerly Huntington Capital) is a provider of mezzanine and private equity for underserved, lower-middle market companies throughout California and the Western United States. HCAP Partners invests $2 million to $9 million in established businesses in the healthcare, technology, services and manufacturing industries generating between $10 million and $75 million in revenues. The firm has invested in over 50 companies since it was founded and proactively works with its portfolio companies to achieve favorable financial outcomes and measurable impact value creation. Partners Tim Bubnack, Morgan Miller and Frank Mora lead HCAP Partners’ management team. For more information, please visit http://www.hcapllc.com or call (858) 259-7654.