Transaction

Clearwater advises LED Group on its partnership with Oaktree Capital Management

Transaction

LED Group on its partnership with Oaktree Capital Management

Sell-side

Undisclosed

Role

Adviser to LED Group on its partnership with Oaktree Capital Management

Sector

Business Services

Region

Ireland
UK

We have advised LED Enterprises Limited (LED Group), operating through the ROBUS and FuseBox brands, on its partnership with funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (Oaktree), a leading global investment manager specialising in alternative investments. The partnership aims to develop a premier platform for building electrification products and energy transition solutions.

Through the partnership with Oaktree, LED Group will leverage the Power Opportunities team’s expertise, track record, and access to capital resources to drive scalability through organic growth and strategic acquisitions. LED Group’s senior management team will remain in place and reinvest in the business, demonstrating their commitment to the partnership and the Group’s growth trajectory.

Founded by Mick J. Slein in 1984 and through its ROBUS brand, LED Group provides energy-efficient lighting solutions for commercial, industrial, and residential applications across the UK, Ireland, Europe, Africa, the Middle East, Australia, and New Zealand. The acquisition of FuseBox, a leading UK provider of circuit protection devices, expanded the Group’s position in the growing, building electrification and energy transition sectors.

Oaktree’s Power Opportunities investment approach addresses fundamental changes in the electrical power and utility sectors, driven by evolving customer needs, supply dynamics, increased electrification efforts, and the push for decarbonisation, as well as advancements in technology. The strategy is implemented by the GFI Energy Group at Oaktree.

LEG Group building

This partnership marks an exciting new chapter for LED Group and is a significant milestone in our growth journey. With Oaktree as our partner, we are well-positioned to achieve our strategic goal of becoming a market leader in building electrification products and expand our specialist portfolio of commercial, industrial, and residential products and solutions. We look forward to building on our past successes and seizing opportunities for further innovation and accelerated growth. We would also like to thank the Clearwater team of John Curtin, John Sheridan, Daniel Lavelle, John Devine, Matthew Fee, and Odhran Murphy for their expert advice and guidance throughout. We look forward to continuing our strong relationship with Clearwater as we seek further strategic acquisitions.

Mick G. Slein, CEO, and Mick J. Slein, Founder, of LED Group
LEG Group building

Electrification in commercial and residential buildings is a key pillar in achieving net-zero emissions. LED Group is a recognised leader in providing critical products to enable building electrification and efficiency. Through our Power Opportunities strategy, Oaktree has been investing in the energy transition supply chain for almost 30 years and we are excited to partner with a strong, family-run management team that shares our passion for the sector.

Francesco Giuliani, Managing Director and Assistant Portfolio Manager, and Lun Nie, Senior Vice President

We are delighted to have advised LED Group on its partnership with Oaktree Capital Management. The business has an outstanding reputation in the market through both of its brands, ROBUS and FuseBox, and is expertly led by a world class management team of Mick G Slein, Robert Pickerill, and Stephen Harpur. With Oaktree’s backing, we are confident that LED Group will achieve its ambitious international growth plans. We extend our special thanks to the management team and to the founder of LED Group, Mick J Slein, for giving us the opportunity to deliver a successful result for all shareholders.

John Curtin, Partner, Clearwater

Advisers

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