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Catalina Lighting, Inc. Acquires Ring plc
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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 |
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Catalina Lighting retained TM Capital to assist in strategic acquisitions which would increase the company's global market position |
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TM Capital assisted Catalina in completing the acquisition of Ring plc (LSE: RNG), a leading UK based lighting supplier, for $33 million in cash |
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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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