In early 2014 lighting maker CP Electronics sought an investment partner that could help accelerate growth. Inflexion invested in the business in 2014 through its investment in Aspen Pumps, and worked with management for over two years before selling it to French industrial group Legrand in 2016.
Sector
Industrials
Headquarters
London, UK
Fund
Buyout
Investment date
January 2014 - May 2016
Status
Realised
CP Electronics is the UK’s leading manufacturer of lighting controls systems. The business assists its blue-chip client base in reducing their operating costs and carbon footprint through an extensive range of innovative lighting control products.
Inflexion backed the business through its partnership with Aspen Pumps. The funding was earmarked to grow market share, introduce skilled individuals to add depth to CP’s team and strengthen operations to capitalise on their international market opportunity.
After the initial deal, we invested further to support new product development and the infrastructure of the business to ensure the business had a sustainable platform for its future growth. The CEO and Chairman of Aspen Pumps took active Board roles and we introduced an experienced international operator to help develop further penetration of the European market. Under our ownership, revenue and profitability grew in excess of 40%, whilst staff numbers increased over 35%.
Marcus Martin,
CEO, CP Electronics
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