Opus Bank’s Commercial Banking division provides senior debt financing to support the acquisition of ERP Power LLC by Angeles Equity Partners, LLC
Overview of Transaction
ERP Power LLC (“ERP”) is a leading designer and manufacturer of LED driver power electronics for commercial and industrial applications.
Through management’s innovative design, the company has been delivering ever-smaller LED drivers with superior dimming, flexible programming, and intelligent controls.
The deal leverages the Angeles Equity Partners, LLC (“AEP”) team’s previous power electronics investment experience and operational transformation expertise. Management believes that with AEP as a partner, ERP will continue to be a leader in the industry as LED’s role in the “Internet of Things” (IoT) continues to expand.
Significance of Transaction
Opus Bank (“Opus”) provided financing to AEP’s investment. Through a mix of equity and debt, ERP now has the capital needed to execute management’s growth plans.
The transaction also gives ERP an opportunity to leverage AEP’s previous power electronics sector investment experience and operational transformation expertise.
Opus Bank's Role
Opus took the time to understand the industry and the needs of both the sellers and the buyer.
Opus put together a proposal that was both competitive and compelling from a structural perspective.