NorthEdge Acquires Majority Stake in Lights4fun

LoneTree Capital Makes $23M Growth Investment in Northern Light Group

January 7, 2025

Cloud & SaaS

LoneTree Capital has made a $23 million growth investment in Boston-based Northern Light Group to accelerate product innovation and scale its enterprise knowledge management platform globally. As part of the investment, LoneTree partners Mike Devine, Rhett Lambert and Peter Bozian will join Northern Light's board; terms were not disclosed.

GI Partners Acquires Controlling Interest in LightEdge

September 14, 2021

Cloud & SaaS

GI Partners, through its GI Data Infrastructure Fund, has acquired a controlling interest in LightEdge, a Des Moines–based provider of colocation, cloud and managed services. The investment—sourced from GI Partners’ data infrastructure strategy—will support LightEdge’s growth and expand its cloud and colocation capabilities; LightEdge was previously majority‑owned by The Anschutz Corporation.

Rugs Direct (L2-backed) Acquires Lightopia

January 10, 2022

E-Commerce

Rugs Direct Holdings, backed by private equity firm L2 Capital Partners, has acquired Lightopia, an omnichannel lighting retailer with retail showrooms and an ecommerce store in Southern California. The deal expands Rugs Direct's product offering into the lighting category as an add-on to its home furnishings ecommerce platform to drive category expansion and cross-selling opportunities.

NorthEdge Invests in Helios Medical Communications

January 14, 2021

Healthcare Services

NorthEdge, a UK private equity firm, has made a growth investment in Helios Medical Communications to support the agency's UK and international expansion plans. The Cheshire-headquartered medical communications agency will use the funding to expand offices (including a new Manchester location), recruit talent, and pursue international growth; NorthEdge partners will join the Helios board.

Tonka Bay Equity Partners Invests in LightMart

January 7, 2025

Building Products

Tonka Bay Equity Partners has invested in LightMart Holdings LLC, a Lake Zurich, Illinois-based value-added distributor and manufacturer of outdoor commercial and industrial lighting products. The transaction is a majority recapitalization that partners Tonka Bay with founders Sami and Lori Ozgen to provide founder liquidity and accelerate the company’s growth through strategic investments and operational improvements.

Kade Ventures Acquires GleamXLights

July 20, 2023

Manufacturing

Kade Ventures, a private equity firm, has acquired GleamXLights, a B2B LED lighting brand founded in 2014 and operating manufacturing in Delaware. The deal is intended to scale GleamXLights' global reach, strengthen its supply chain and marketing capabilities, and accelerate growth across commercial and industrial lighting markets.