Richmond, VA/Baltimore, MD – March 17, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announced the recapitalization of Shades of Light, LLC (“Shades of Light” or the “Company”). Matrix assisted Shades of Light in raising capital for a partial membership interest redemption, providing liquidity for a significant shareholder.
Bryan Johnson, CEO of Shades of Light, praised Matrix’s support, stating, “Matrix explored various liquidity options for a departing shareholder, ultimately securing a minority capital raise that aligned perfectly with our objectives. The Matrix team managed this complex transaction with professionalism and expertise.”
The transaction was led by David Shoulders, Managing Director and Head of Matrix’s Consumer & Industrial Products Group, with support from William O’Flaherty, John Mosser, Matt Oldhouser, and Duncan Rogers. Mr. Shoulders remarked, “We are honored to support Shades of Light in reaching their desired outcome and look forward to their continued success as a leader in lighting and home décor.”
Founded in 1986 in Richmond, VA, Shades of Light began as a small lighting store and has since become a nationally recognized multi-channel retailer. Under the leadership of Bryan Johnson and Chris Menasco, the Company has secured exclusive licensing deals, expanded its operations with a 115,000-square-foot distribution and production facility, integrated in-house manufacturing, and modernized its e-commerce platform. Shades of Light is now celebrated as a premier source of curated lighting and home décor products.
Whiteford Taylor Preston LLP served as legal counsel for Shades of Light in the transaction.
