West Palm Beach, Florida, November 2007 – The ComVest Group has provided a $7.8 Million revolver and term loan to Lighting Components and Design, Inc (“LC&D”), a leading manufacturer of specialty lighting components. The proceeds from the transaction will be used for growth and working capital purposes. ComVest anticipates that LC&D is in a great position to benefit from the transition in the marketplace from incandescent and fluorescent lighting to LEDs (light-emitting diodes) and OLEDs (organic light-emitting diodes).
About Lighting Components and Design
Lighting Components and Design is a specialty lighting and electronic component manufacturer based in Deerfield Beach, FL. The company produces custom lighting solutions for the automotive, cruise line, and gaming (slot machine) industry. They also produce lighting products and components for catalog sales. LC&D has designed lighting components for many well known automotive companies including Chrysler, Toyota, Ford, Nissan and Jaguar. Most of the Company’s products are sold directly to tier one manufacturers. For more information visit www.lightingcomponents.com.
The ComVest Group is a leading Investment firm focused on investing in a debt or equity capacity in middle-market companies. Since 1988 ComVest has invested more than $2 billion of capital in over 200 public and private companies worldwide. Through our extensive financial resources and broad network of industry experts, we are able to offer our companies total financial sponsorship, critical strategic support, and business development assistance. Our focus is centered on building industry leading companies and creating long term value for equity holders. For more information on ComVest, visit www.comvest.com.
For further information, please contact:
Karen Rutt (561-868-6077) or firstname.lastname@example.org