01.10.2012 - Sovereign wealth fund invests in U.S. LED manufacturer
Zouk Capital LLP, a London-based private equity firm, invested in Lighting Science Group Corp. (LSCG) as the Florida-based maker of energy-efficient lighting seeks to reach profitability and boost sales. An unspecified sovereign wealth fund from the Middle East also added to the $49 million equity investment, Lighting Science, based in Satellite Beach, said in a statement. LED lighting uses light-emitting diodes which are more efficient than traditional fluorescent and incandescent lamps. Energy efficiency equipment is attracting private equity investors such as Italy’s Ambienta SGR SpA and London-based Impax Asset Management Group Plc as power demand rises on the back of increased affluence in emerging markets...............................................Full Article: Source
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