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Lighting Science Group seals $88 million private placements of equity
Moelis was agent for deal, which included investors Riverwood, Pegasus
By Devika Patel
Knoxville, Tenn., May 29 - Lighting Science Group Corp. said it raised about $140 million in private placements of equity. Of the proceeds, about $88 million is in the form of new investments and about $52 million was raised through the conversion of bridge financings since the fourth quarter of 2011.
Moelis & Co. was the agent.
The investors included lead investor Riverwood Capital and Pegasus Capital Advisors, LP.
Proceeds will be used for the company's growth, to expand its manufacturing capabilities, and enhance its leadership position in developing innovative energy-efficient LED lighting products for consumer and commercial applications in both the public and private sectors.
The Satellite Beach, Fla.-based company makes lighting devices and systems that use light-emitting diodes as the light source.
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