JZ Capital Partners Ltd. said Tuesday it completed a co-investment alongside Baird Capital Partners in Illumination Investments LLC, d.b.a. Sloan LED. JZ Capital invested $4.9 million in the deal. Ventura, California-based Sloan makes LED lights and lighting systems.
JZ Capital Partners Limited (LSE:JZCP.L or “JZCP”), the London listed private equity fund that invests in high quality US and European microcap companies and US real estate, has closed a co-investment alongside Baird Capital Partners (“BCP”) in Illumination Investments LLC, d.b.a Sloan LED (“Sloan”), a manufacturer of LED lights and lighting systems. JZCP invested US$4.9 million in the transaction.
Founded in 1957, and based in Ventura, California, Sloan is a market leader in the signage, spa and channel lighting sectors and has started to look into new applications to expand its offering.
David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “This acquisition expands our US portfolio of diverse, high-quality companies. We’re excited to be invested in Sloan and look forward to working with management as they grow the business.”