In June 2002, CVC Funds acquired Partners in Lighting (formerly Massive) from the De Jaeck family. Partners in Lighting (‘PIL’) is the European leader in design, production and marketing of lighting fixtures, with an overall market share of 7%.
PIL produces spot lamps, ceiling and wall lights, decorative, outdoor, fluorescent, desk and other lighting fixtures. PIL acquired Modular, an architectural lighting specialist, in 2004. The company’s main production sites are in China, Hungary, Poland, Czech Republic, Belgium and the Netherlands. In February 2007, PIL was sold to Royal Philips Electronics.