Gallant Capital Partners announced that funds it manages have established additional term loan commitments under one of Lumileds Holding B.V.’s existing senior secured term loan credit facilities.
The additional commitments are intended to provide Lumileds with greater liquidity to support operations and strategic initiatives.
Gallant previously acquired a majority position in Lumileds’ senior secured term loan facilities on August 18, 2026, through purchases of existing loans.
The August debt acquisition involved transfers among secondary market participants and did not change Lumileds’ corporate governance structure.
Chuck Swoboda, former Chairman and Chief Executive Officer of Cree, participated alongside Gallant in connection with the transaction.
The new financing is intended to support Lumileds’ investments in product development, supply continuity, on-time delivery, and its multi-year product and technology roadmaps.
Lumileds’ existing leadership team will continue to manage the business and customer programs.
The company is focused on LED and microLED technologies serving automotive, display, illumination, and mobile markets.
Lumileds has approximately 3,500 employees operating in more than 15 countries and serves automotive OEMs and tier-one suppliers, display and mobile device manufacturers, and illumination customers globally.
The company is also continuing its shift toward higher-value advanced packaging and systems integration.
Gallant said the additional financing is intended to support Lumileds’ broader transformation, including investments in innovation and operational improvement.
The firm also plans to use its operating resources and industry relationships to support Lumileds’ management team.
Swoboda brings approximately three decades of experience in the LED industry and said he sees an opportunity to help strengthen Lumileds’ position in the market.
Greenhill, a Mizuho affiliate, served as exclusive financial advisor to Gallant in connection with the transaction.
Financial terms of the transaction were not disclosed.
KEY QUOTES:
“Lumileds is a technology leader with deep customer relationships and engineering capabilities that are difficult to replicate. Our investment reflects confidence in the Company’s business fundamentals and long-term growth trajectory. The additional financing is intended to support Lumileds as it executes multi-year customer programs and invests in the product roadmaps those programs depend on. We are pleased to support the Lumileds team as they execute the next phase of this transformation.”
Jon Gimbel, Partner at Gallant Capital Partners
“We intend to support Lumileds’ management team as it strengthens manufacturing performance and advanced packaging capabilities and maintains dependable supply for customers.”
Josh Carter, Managing Director at Gallant Capital Partners
“I have spent my entire career in this industry, and Lumileds has consistently been at the forefront of LED innovation. I am participating alongside Gallant because I believe in the team, the technology, and the opportunity to build an even stronger global LED leader.”
Chuck Swoboda, Former Chairman and Chief Executive Officer of Cree, Inc.
