M&A Deal Summary

Chequers Capital Acquires Somacis

On September 28, 2022, private equity firm Chequers Capital acquired semiconductors company Somacis from Green Arrow Capital SGR

Acquisition Highlights
  • This is Chequers Capital’s 1st transaction in the Semiconductors sector.
  • This is Chequers Capital’s 5th transaction in Italy.

M&A Deal Summary
Date 2022-09-28
Target Somacis
Sector Semiconductors
Buyer(s) Chequers Capital
Sellers(s) Green Arrow Capital SGR
Deal Type Secondary Buyout

Target

Somacis

Castelfidardo, Italy
website
Somacis is an international player in the design and manufacturing of highly engineered Printed Circuit Boards (PCBs), targeting advanced technological applications across several end markets including Aerospace & Defense, Telecom Infrastructure, Industrials, IT, Automotive/EV and Medical Devices. The company boasts a synergetic global production footprint with five manufacturing facilities across Italy (Castelfidardo, Manfredonia), the UK (Devon), the US (Poway, CA), and China (Dongguan). It leverages an integrated business model strategically designed to position itself as a worldwide one-stop-shop platform matching its global customers’ highest standards in terms of technology, quality, and service. Somacis was formed in 1972 and is based in Castelfidardo, Italy.

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Buyer(S) 1

Buyer

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium and large-sized companies in partnership with management. Chequers primarily seeks opportunities in France, Germany, Italy, Benelux, Switzerland and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris.

DEAL STATS #
Overall 29 of 29
Sector (Semiconductors) 1 of 1
Type (Secondary Buyout) 17 of 17
Country (Italy) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Biolchim

Bologna, Italy

Biolchim is a company focused on the production and commercialization of biostimulants, whose function is to stimulate natural processes to enhance nutrient uptake, nutrient efficiency, tolerance to abiotic stress, and crop quality in full respect of sustainable agriculture values and practices. Biolchim was founded in 1973 and is based in Bologna, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 ECT

Villeneuve-sous-Dammartin, France

ECT engages in the management of inert construction waste (earth and rubble) across numerous sites around the Paris metropolitan area. The company has been providing its clients in earthworks and construction companies with a wide range of services: excavation management, clean-up, storage, development of green spaces, material, and quarry waste recycling, and reconstitution of agricultural land. ECT was founded in 2007 and is based in Villeneuve-sous-Dammartin, France.

Sell -

Seller(S) 1

SELLER

Green Arrow Capital SGR

Milan, Italy

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2000
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Green Arrow Capital is a private equity firm focused on majority and select minority investments in Italian companies. Green Arrow is a hands-on investment group, looking to assist management with 'financial, international and operational strategies'. Green Arrow Capital was formed in 2000 and is based in Rome.

DEAL STATS #
Overall 12 of 12
Sector (Semiconductors) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Italy) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Farmol

Comun Nuovo , Italy

Farmol specializes in production of aerosol-based and liquid-based products for the cosmetics, personal hygiene, detergents and pharmaceutical sector. Farmol was founded in 1946 and is based in Comun Nuovo, Italy.

Sell -
Mergr

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