Dunes Point Capital (DPC) has acquired Sonneman – A Way of Light, a leading designer and manufacturer of high-end architectural lighting for commercial and residential applications. Sonneman’s product lines include 1,800 SKUs, with more than 100 new product introductions annually. The company was founded in 2003 by Robert Sonneman and two partners, David Littman and Sonny Park.
With a 50-year illustrious and world-renowned career as a designer and leading pioneer of modern lighting, Robert Sonneman will continue to oversee the creative vision for the newly acquired company, serving as Executive Chairman & Chief Creative Officer. Sonny Park, whose leadership drove the success of the company, will head the management team as Chief Executive Officer. Littman will continue to manage his other lighting companies independently.
“We are highly motivated to build growth and we recognized that we needed the resources and skills of a strong financial partner to scale the potential of this business,” says Robert Sonneman. “With Dunes Point Capital, we found the shared vision, the talent, and the resources to bring that vision to fruition.”
Founded in 2013, DPC is a family office and private investment firm pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million.
Dunes Point Capital Fund II, LP provided the equity for the Sonneman transaction. The debt for the transaction was provided by M&T Bank and affiliates of GSO Capital Partners LP. Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Wells Fargo Securities served as financial advisor to the company.