Abacus Lighting

BUSINESS OVERVIEW

Abacus is a global leader in innovative and creative lighting solutions. Established over 55 years ago, it designs, manufactures, installs and maintains columns, masts and high performance exterior lighting, in some of the world’s most challenging environments.

The Abacus brand is specified across a wide range of industries including rail, sports, airports, ports, car parks, telecommunications and bespoke applications. The head office is located in Mansfield, UK, where it employs c. 150 people.

OUR ROLE

Intrinsic Equity invested and led the deal to acquire the business. We also recruited a new CEO and FD to the business and James Grenfell joined the Board on investment.

The transaction involved negotiating a complex transaction to deal with the international group structure and achieving significant working capital facilities in tight timescales. We also needed to maintain the support of the international customer base and manage the global supply and distributor relationships.

During the course of the investment Intrinsic has helped drive significant product development activities to ensure Abacus stays at the forefront of the industry particularly in high end LED technology.