Goldman Sachs’ Investment in Visual Comfort & Co.

Simpson Thacher represented Goldman Sachs Asset Management, while Fried Frank acted as counsel to AEA Investors LP and its portfolio company, VC GB Holdings I Corp. (VCC) in the transaction. Latham & Watkins LLP is serving as legal counsel to LGP.

Goldman Sachs Asset Management (“Goldman”) executed its strategic investment in Visual Comfort & Co. (“VCC”). Goldman is partnering with AEA Investors, VCC’s existing investor, and Leonard Green & Partners, L.P. in connection with the investment. The transaction is expected to close in the second half of 2021, subject to regulatory approvals and other customary closing conditions.

Goldman Sachs Asset Management is the primary investing arm of The Goldman Sachs Group, Inc., which provides investment and advisory services for some of the world’s leading institutions, financial advisors and individuals. 

VCC is a leading provider of preeminent branded resources for decorative and architectural lighting and ceiling fans, providing a broad assortment of lighting featuring many prominent designs synonymous with high style and functionality.

LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles. The firm partners with experienced management teams and often with founders to invest in market-leading companies.

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. 

The Simpson Thacher team advising Goldman included Katherine Krause (Picture) and Owen Kim (M&A); Gregory Grogan, Andrew Blau and Andrew Kofsky (Executive Compensation & Employee Benefits); Jennifer Hobbs (Banking and Credit); Krista McManus and Stephanie Brenner (Real Estate); Sara Razi, Etienne Renaudeau, Kelly Karapetyan and Pauline Patat (Antitrust); and Lori Lesser and Corina McIntyre (Intellectual Property).

The Fried Frank team was led by corporate partner Amber Banks (Meek) and included corporate partners Emil Buchman, Christopher Ewan, and Michael T. Gershberg; antitrust and competition partners Nathaniel L. Asker and Tobias Caspary; executive compensation & ERISA partner Jeffrey Ross; intellectual property and technology partner Jason L. Greenberg; litigation partner Joshua D. Roth; tax partners Michael J. Alter and Eli Weiss; corporate special counsel Michael Schneider; corporate real estate special counsel Melissa A. Meyrowitz; environmental special counsel Donna Mussio; corporate associates Gregory Bernstein, Corey J. Fersel, Vincent Fuller II, Ryan T. Fung, and Ethan B. Kamer; antitrust and competition associate Annalie Grogan; executive compensation & ERISA associates P. Ryan Davis and Jaclyn I. Waters; litigation associate Kelly E. Deibler; real estate associates Thomas J. Bethany and Michael T. Stahr; tax associates Shane C. Hoffmann and Yaniv Orin; corporate law clerk Robert A. Dominiak; and intellectual property and technology law clerk Justin P. Charles.

Involved fees earner: Michael Alter – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Amber Banks (Meek) – Fried Frank Harris Shriver & Jacobson; Gregory Bernstein – Fried Frank Harris Shriver & Jacobson; Thomas Bethany – Fried Frank Harris Shriver & Jacobson; Emil Buchman – Fried Frank Harris Shriver & Jacobson; Tobias Caspary – Fried Frank Harris Shriver & Jacobson; P. Ryan Davis – Fried Frank Harris Shriver & Jacobson; Kelly Deibler – Fried Frank Harris Shriver & Jacobson; Christopher Ewan – Fried Frank Harris Shriver & Jacobson; Corey Fersel – Fried Frank Harris Shriver & Jacobson; Vincent Fuller II – Fried Frank Harris Shriver & Jacobson; Ryan Fung – Fried Frank Harris Shriver & Jacobson; Michael Gershberg – Fried Frank Harris Shriver & Jacobson; Jason Greenberg – Fried Frank Harris Shriver & Jacobson; Annalie Grogan – Fried Frank Harris Shriver & Jacobson; Shane Hoffmann – Fried Frank Harris Shriver & Jacobson; Ethan Kamer – Fried Frank Harris Shriver & Jacobson; Melissa Meyrowitz – Fried Frank Harris Shriver & Jacobson; Donna Mussio – Fried Frank Harris Shriver & Jacobson; Yaniv Orin – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Joshua Roth – Fried Frank Harris Shriver & Jacobson; Michael Schneider – Fried Frank Harris Shriver & Jacobson; Michael Stahr – Fried Frank Harris Shriver & Jacobson; Jaclyn Waters – Fried Frank Harris Shriver & Jacobson; Eli Weiss – Fried Frank Harris Shriver & Jacobson; Andrew Blau – Simpson Thacher & Bartlett; Stephanie Brenner – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Owen Kim – Simpson Thacher & Bartlett; Andrew Kofsky – Simpson Thacher & Bartlett; Katherine Krause – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Pauline Patat – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett;

Law Firms: Fried Frank Harris Shriver & Jacobson; Simpson Thacher & Bartlett;

Clients: AEA Investors, LP ; Goldman Sachs Asset Management; Visual Comfort & Co.;

Author: Martina Bellini