Rubicon Partners (“Rubicon”) is pleased to announce the sale of CMD Limited (“CMD” or the “Company”) to Luceco plc (“Luceco”).
Rubicon Partners had the opportunity to acquire CMD in 2022 as a carve-out from its then US-corporate owner, IDEAL Industries. Under Rubicon’s ownership, CMD has accelerated its product strategy targeting the growing shift towards collaborative working and sustainable solutions. CMD is the first realisation from Rubicon Partners Fund V SCSp.
The existing CMD management team will remain with the Company and will work alongside Luceco to develop the business further.
Rubicon Partners were advised by KPMG, PwC and Proskauer Rose LLP. Luceco plc were advised by RSM and Squire Patton Boggs (UK) LLP.