Lyco Group has been acquired by efectoLED
The shareholders of Lyco Group Ltd. have sold the business to efectoLED, the leading online lighting distributor in Southern Europe and a portfolio company of Miura Partners.
Lyco Group is a UK-based B2C and B2B multi-channel distributor of lighting products. The company operates four online lighting distribution sites that include both third party and own branded products. In addition, Lyco Group has a B2B channel, serving corporate customers in a variety of sectors, including hospitality, healthcare and education, among others. With this acquisition, efectoLED positions itself as a reference in the UK and strengthens the decorative and offline channels of the group.
efectoLED is one of Europe’s leading online retailers of technical and decorative LED lighting, with a focus on the B2B channel. Founded in 2007 and based in Valencia, Spain, the company markets a wide portfolio of references to more than 500,000 customers, with Spain, France, Italy and Portugal being its main markets. In 2018, Miura Partners took a majority stake in order to accelerate the company’s internationalization plan.
Oaklins Cavendish, based in the UK, advised on the sale of Lyco Group, one of the UK’s leading online distributors of lighting products, to efectoLED.
Managing Director and Founder, Lyco Group Ltd.
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