May 2006
MML Capital Partners ("MML"), a leading independent mezzanine and private equity firm, today announces that it has completed the sale of JJI Lighting Group, Inc.
JJI, a majority-owned portfolio company, to The Genlyte Group Incorporated. MML invested in JJI from its second fund, International Mezzanine Investment N.V.
MML provided financing to JJI through a combination of equity and mezzanine debt. MML made subsequent investments to finance JJI’s business plan as well as for a significant add-on acquisition in Germany. Commenting on the transaction, Robert M. Davies, Managing Director of MML said: “JJI is one of many examples illustrating MML's trans-Atlantic expertise. We’re very pleased with JJI’s performance and the return we were able to generate for our investors. It was truly a pleasure working with the management team of JJI, and we wish them all the best in their future endeavors.”
Jim Haworth, JJI’s CEO, added: “MML's cross border resources and international expertise proved to be a valuable asset to JJI’s global business. MML was a true strategic partner in growing and taking JJI to the next level.”
Headquartered in Greenwich, Connecticut (USA), JJI was one of the largest privately held lighting fixture companies in the U.S. Genlyte (Nasdaq: GLYT) is a leading manufacturer of lighting fixtures and controls with a $2 billion market capitalization.