Lenders to private equity-owned Gerard Lighting are close to sparking a deal, Street Talk can reveal. It is understood Bain Capital Credit and Investec are poised to sign a restructuring agreement as early as this week which will see the firms assume control of Australasia's largest lighting distribution and partnership network. As this column first reported, Bain Capital Credit increased its exposure to Gerard Lighting's debt stack in recent weeks, snapping up a $30 million loan from the leveraged finance arm of industrials giant Siemens.