BDA Partners is pleased to announce that its clients, Argon India Limited and Argon South Asia Limited have sold their 100% stake in Halonix Technologies Private Limited (\u201cHalonix\u201d or \u201cCompany\u201d). Argon India Limited and Argon South Asia Limited are investment companies of Actis, a global emerging market private equity firm. BDA were exclusive sell side advisors on this transaction. Terms of the transaction were not disclosed.<\/p>\n
Based in Noida, Halonix is one of the leading manufacturers of energy efficient lighting products in India. Halonix\u2019s products are design-led, energy efficient and supported by high levels of service, and are sold through electrical retailers and wholesalers. The Company has a strong nationwide retail distribution network with 30,000+ electrical retail touch points across 530+cities in India. The Company also has a well established presence in the institutional segment with marquee Indian corporates and government organisations as its customers. Halonix has a state-of-the-art manufacturing facility located at Haridwar, Uttarakhand.<\/p>\n
Halonix has established itself among the top three CFL brands in India and with the changing market dynamics in the lighting industry it has successfully expanded its product offering to LED lamps and luminaires.<\/p>\n
Andrew Huntley, Senior Managing Director at BDA, said, \u201cThis is the second transaction globally on which BDA has advised Actis, and the first in India, and we take great pleasure in being entrusted with delivering successful outcomes on multiple occasions by such high quality clients. I am delighted to build our credentials further in the lighting industry which is a sector undergoing exciting changes driven by technology, lifestyle and energy efficiency considerations, and in which BDA has established global insights and relationships.\u201d BDA recently advised the UK private equity firm, LDC, on its sale of lighting business JCC Lighting to a strategic acquirer.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-158","transaction","type-transaction","status-publish","hentry"],"acf":[],"yoast_head":"\n