US Capital Partners Inc. has advised on an equity raise of up to $5 million for Illuminergy, Inc., an expanding developer of LED lighting products. Illuminer is preparing to launch its innovative LED street and parking light system called Cobratech in the United States.
Headquartered in San Francisco, US Capital Partners is a full-service private investment bank that provides private placement services and has wide distribution for debt and equity private placements.
Michael Ernst, Chief Executive Officer at Illuminer, said: “We approached US Capital Partners to complete some due diligence work in preparation for a future equity raise, to create an overall capital formation plan, as well as to provide introductions to strategic investors and other potential partners. We were extremely pleased with the first-class service, process, and results.”
“We are extremely pleased to have advised on this capital raise for Illuminer,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “It’s a pleasure to work with an innovative company such as Illuminer, which is at the cusp of expansion. US Capital Partners completed due diligence and provided strategic advisory for Illuminer, to support the company in its product development and expansion in the United States.”