Brown Gibbons Lang, a middle-market investment banking firm, and the M&A advisory firm Global M&A, advised Italian lighting tower producer Tower Light on its majority stake sale last month to Ambienta, a private equity group that is based in Milano, Italy and focused on the environmental sector.
Ambienta acquired 82 percent of the outstanding shares of Tower Light for €13.5m. Fifteen-year-old Tower Light enjoys 30 percent market share in Europe, according to the company, and it sells it products in more than 50 companies.
Brown Gibbons Lang & Company (BGL), the United States office of Global M&A, together with its Italian partner, Cross Border, today announced the sale of a majority equity stake in Tower Light S.r.l (Tower Light) to Ambienta SGR S.p.A (Ambienta), a private equity group based in Milano, Italy and focused on the environmental sector. Cross Border served as exclusive financial advisor to Tower Light. Ambienta acquired 82 percent of the outstanding shares of Tower Light in the transaction.
Founded in 1997 and headquartered in Villanova d’Ardenghi, Italy, Tower Light is a leading producer of lighting towers in Europe. The company’s products include manual, hydraulic, special, and LED lighting towers which are mobile standalone units that are utilized for areas requiring effective temporary lighting, with applications in the construction, mining, rail, airport, and event industries. Tower Light is regarded as the technological leader in its markets, and energy efficiency is one of the hallmarks of its products. The company holds an estimated 30 percent share of the European market and sells its products in more than 50 countries.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers & acquisitions advisory services, debt & equity placements, financial restructuring advice, and valuations & financial opinions, with dedicated industry teams in healthcare, consumer, business services, basic industrials and real estate. BGL has offices in Chicago and Cleveland, and is the lead U.S. shareholder in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, visit www.bglco.com.
About Global M&A
Global M&A is one of the world’s leading independent M&A advisory firms. Specialized in the middle market, we provide support and opportunities locally and internationally for clients buying or selling companies as well as financings, corporate restructurings, and other corporate finance transactions. For more information, visit Global M&A.