Consumer & Retail, Global | Mergers & Acquisitions

Catalina Lighting, Inc. Acquires Ring plc

  • Catalina Lighting Inc. (NASDAQ: CALA) is a leading designer, manufacturer and distributor of lighting products for residential and office markets with over $200 million in revenue
  • Catalina Lighting retained TM Capital to assist in strategic acquisitions which would increase the company’s global market position
  • TM Capital assisted Catalina in completing the acquisition of Ring plc (LSE: RNG), a leading UK-based lighting supplier, for $33 million in cash
  • In order to finance this acquisition and refinance indebtedness, TM Capital also arranged $75 million of senior debt financing for Catalina

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