Schréder Group’s Acquisition of GLG’s Lighting Businesses Sylvania and Austube

DLA Piper has advised Schréder Group (Schréder).

Schréder entered into an agreement to acquire the infrastructure lighting divisions of Gerard Lighting Group (GLG). The transaction is expected to complete by the end of March.

Headquartered in Belgium, Schréder is a global leader in intelligent outdoor lighting solutions. GLG is Australia’s largest provider of lighting for the commercial, trade and residential markets, as well as major construction and infrastructure projects in Australia and New Zealand. GLG is majority-owned by Bain Capital Credit and Investec.

GLG’s outdoor lighting business Sylvania, and indoor lighting business Austube, will serve as a new base for Schréder in Australia.

DLA Piper’s cross-border team was led by Head of Corporate Australia Grant Koch (Picture), with special counsel James McCarthy, solicitor Claudia McEwen and foreign legal associate Ditte Lundberg. Intellectual Property and Technology partner Nicholas Boyle and senior associate Alexandra Dagger assisted with transitional arrangements. Lawyers from DLA Piper Belgium also supported the transaction, led by Corporate partner Michaël Heene.

Involved fees earner: Nicholas Boyle – DLA Piper; Alexandra Dagger – DLA Piper; Michaël Heene – DLA Piper; Grant Koch – DLA Piper; Ditte Lundberg – DLA Piper; James McCarthy – DLA Piper; Claudia McEwen – DLA Piper;

Law Firms: DLA Piper;

Clients: Schréder Group;

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Author: Michael Patrini