Sale of Nualight Limited to Fulham Co. Inc

We proudly served as the lead legal adviser for the Sellers on the sale of Nualight Limited to Fulham Co. Inc, with essential support from our Irish counterparts, Byrne Wallace Shields LLP (“BWS”). The transaction involved the sale of the entire issued share capital of the Company, including its Subsidiary and its UK-registered branch, and was successfully completed on 27 October 2025. KPMG UK acted as lead M&A adviser to Nualight.

Fulham is a portfolio company of New York based financial sponsor Graycliff Partners LP. The buyer is headquartered in California and a manufacturer and supplier of innovative lighting components and electronics. The acquisition expands Fulham’s global footprint in Europe.

As lead counsel, supported by BWS, expertly handled all legal aspects of the sale. This included drafting and reviewing key transaction documentation, as well as facilitating critical pre-completion transactions.

In preparation for the transaction, we worked closely with KPMG UK and Nualight at the pre-market stage. Both teams assisted in producing an Information Memorandum and in establishing a comprehensive Data Room to provide prospective bidders with detailed insights. During the bidding process, we guided Nualight’s management team through a thorough legal due diligence review. Following the acceptance of Fulham’s offer, we supported with the requests for further information from the Buyer’s legal team, in collaboration with other professional advisors, offering commercially relevant responses that enabled the swift resolution of key enquiries.

The transaction required liaising with various high-profile sellers, including investment firms and government-sponsored entities. Ourselves and BWS secured essential consents and authorisations while adeptly handling complex issues such as change of control approvals and managing pre-completion processes to enable all shareholders to be ready for completion.

The transaction showcased our ability to deal with the complexity and nuance required to craft a robust share purchase agreement and our role involved navigating a host of intricate provisions, ensuring our clients were well-positioned and protected throughout the transaction. Cross border-finance issues were also handled by our banking and finance team.

We worked collaboratively with all parties to address all pre-completion tasks, ensuring a successful and timely conclusion to the deal.

Corporate team:

• Simon Arkell and Jeremy Eden (Lead Partners)
• Anjli Majevadia
• Christina Anastasiou
• Paloma Menen
• Abbie McKenzie

Wider team Contributions:

• Ian Mabbutt (Banking and Finance)
• Johanna Stacy (Commercial, IP and Data Protection)
• Aneeka Dhami
• Noemi Stepan-Sarkissian (Employment and Pensions)
• Karen Teago (Employment and Pensions)
• Rhiannon Penney (Property)