Founded in 1987, Visual Comfort sells decorative lighting and ceiling fans. AEA acquired the business in 2017 to bolt-on to portfolio company Generation Brands.
LGP partner Kris Galashan said, “We are pleased to support Visual Comfort on their strategic evolution. We invest in companies that win with people, have a differentiated culture and are market leaders with multiple ways to grow – and Visual Comfort is the perfect example.”
Leonard Green amassed $14.75bn across two buyout funds in 2019, including $12bn to close its eighth flagship private equity fund and $2.75bn for its dedicated middle market fund, Jade Equity Investors.
AltAssets reported in March that Goldman Sachs AM had hauled in at least $3.3bn for its flagship secondary fund Vintage III, and about $1.2bn for its sophomore RE secondaries vehicle.
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