PITMANS ACTS FOR MICROLIGHTS GROUP LTD IN ITS ACQUISITION OF MICROLIGHTS LTD

For immediate release October 2009 PITMANS ACTS FOR MICROLIGHTS GROUP LTD IN ITS ACQUISITION OF MICROLIGHTS LTD Thames Valley award winning law firm Pitmans has acted on behalf of Microlights Group Ltd in its acquisition of Microlights Ltd for an undisclosed consideration. Microlights Ltd is a market leader in the design and manufacture of luminaires for the retail market worldwide. It has gained a wealth of expertise and an excellent reputation as one of the leading international retail lighting providers, with clients including Starbucks, Tesco Express, Debenhams, Faith, Toys R Us, Body Shop, Sony, Next, Harvey Nichols, Virgin and Selfridges, to name a few. Microlights Ltd will continue to manufacture from its head office in Marlborough, and the acquisition will enable the company to take advantage of greater purchasing opportunities. The transaction was led by Pitmans Corporate Partner, Stephanie Perry. Aurora Ltd (parent company of Microlights Group Ltd) is an international lighting, manufacturing and distribution business operating since 1999, distributing to 30 countries on an OEM basis and in the UK through wholesale, directly through the group’s franchise companies. It specialises in lighting for the worldwide market, selling over 3000 lighting products including control and power, designed for a wide range of interior and exterior lighting applications and target markets such as domestic, offices, hotels, retail, bars/clubs, restaurants, leisure and display/exhibitions. Commenting on the transaction, Chris Brown, Managing Director of Microlights Ltd said: “This agreement is the result of many months consideration and planning to ensure the best possible solution for the benefit of the Company, the outgoing shareholders, and most importantly for our clients and employees.” “The Directors are looking forward to the opportunities this agreement provides; joining forces with Aurora means we can build on our success in UK and global markets, driving growth and capitalising on our ability to bring innovative products to the market much more quickly.” Stephanie Perry, Pitmans Corporate Partner comments: “It was very satisfying to conclude an agreement between these two market leaders, enabling the management team of Microlights to grow the business further using Aurora’s experience and connections.” -Ends- For further information, please contact: Jackie Tang, Pitmans, jtang@pitmans.com 0118 957 0274 / 07881 817199 Susan Maloney, Pitmans, smaloney@pitmans.com 0118 957 0225 NOTES TO EDITORS: • Winner of ‘Law Firm of the Year’ and ‘Deal of the Year’ at the 2008 Thames Valley Deals Awards • 7th largest law Firm in the South East of England, outside of London • Pitmans has offices in London and Reading • 1 Crown Court, 66 Cheapside, London EC2V 6LR • 47 Castle Street, Reading, Berkshire RG1 7SR • The Anchorage, 34 Bridge Street, Reading, Berkshire RG1 2LU • 29 Partners • Staff members now total more than 200 • Pitmans is the Thames Valley’s leading commercial law firm, with 21 departments ranging from Banking & Finance, Corporate, Debt Recovery, Defendant Insurance, Dispute Resolution, Employment, IT, Intellectual Property, Insolvency & Corporate Recovery, Pension and Planning & Environment • Pitmans’ website can be found at www.pitmans.com • Pitmans is a founder member of InterAct Europe EEIG, a network of Law firms in Europe – www.interacteurope.com Susan Maloney Marketing Executive Pitmans The Anchorage, 34 Bridge Street • Reading • Berkshire • RG1 2LU DX 146420 READING 21 T: +44 (0) 118 958 0224 F: +44 (0) 118 958 5097 DD: + 44(0) 118 957 0225 W: www.pitmans.com Also at: 1 Crown Court • 66 Cheapside • London • EC2V 6LR 47 Castle Street • Reading • Berkshire • RG1 7SR Pitmans does not accept service by email