Ashurst has advised Canaccord Genuity, acting as bookrunner, in connection with the initial public offering (IPO) of Lucibel on the Paris Alternext market.

Lucibel has completed a private offering prior to its listing on Alternext in order to finance its growth both in France and abroad. Thus, Lucibel intends to reinforce  its commercial strength, improve its innovation capacity and continue its acquisition strategy.

Lucibel is a LED lighting specialist and is one of the few 'pure players' in the LED market with a turnover of €21.5 million in 2013, representing an increase of 240% of which 87% at a constant perimeter. Lucibel offers dedicated solutions, providing its business customers with benefits in terms of increased energy efficiency, productivity and a greener image. The company is recognized by the Cleantech Group as one of the 100 most promising players in the global clean technology industry.

The Paris Ashurst team was composed of Joël Corcessin, counsel.

Lucibel was advised by JeantetAssociés.