M&A Deal Summary

Apax Acquires Lutech

On March 16, 2021, private equity firm Apax acquired information technology company Lutech from One Equity Partners

Acquisition Highlights
  • This is Apax’s 24th transaction in the Information Technology sector.
  • This is Apax’s 7th transaction in Italy.

M&A Deal Summary
Date 2021-03-16
Target Lutech
Sector Information Technology
Buyer(s) Apax
Sellers(s) One Equity Partners
Deal Type Secondary Buyout

Target

Lutech

Cologno Monzese, Italy
website
Lutech is an IT system integration and solutions provider, designing and enabling digital transformation and innovative enterprise technologies for private and public-sector clients. Among the leading IT system integration and solutions providers in Italy, Lutech is able to deliver a wide span of solutions from strategy definition, product licensing and maintenance, to operational management. The company is recognized for its capabilities in the following domains: next-generation IT infrastructure, cloud solutions, customer engagement solutions, credit, and ePayment solutions, cybersecurity, IoT & Big Data, eHealth solutions, and cognitive computing. Lutech was formed in 2001 and is based in Cologno Monzese, Italy.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 225 of 241
Sector (Information Technology) 24 of 27
Type (Secondary Buyout) 51 of 60
Country (Italy) 7 of 7
Year (2021) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Sandaya

CLAPIERS, France

Sandaya is an outdoor accommodation group with 11 four- and five-star campgrounds of more than 300 pitches each in France and Spain. Sandaya was established in 2010 and is based in CLAPIERS, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Rodenstock

Munich, Germany

Rodenstock is a manufacturer of ophthalmic lenses and the fourth-largest supplier globally. Rodenstock also has an eyewear division selling its own and third party-branded optical frames. Rodenstock was founded in 1877 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $50 to $200 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. The Firm is based in New York City.

DEAL STATS #
Overall 45 of 52
Sector (Information Technology) 10 of 11
Type (Secondary Buyout) 6 of 7
Country (Italy) 2 of 2
Year (2021) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 NuArx

Southfield, Michigan, United States

NuArx, Inc. is a provider of PCI compliance, managed security, and digital transformation solutions for the restaurant, convenience, grocery, and retail industries throughout North America. NuArx was founded in 2016 and is based in Southfield, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 AMECO

Greenville, South Carolina, United States

AMECO is a full-service provider of construction equipment, scaffolding, small tools management and total site solutions to capital construction project owners, contractors and ongoing plant operators in the chemical, power, energy, life sciences and advanced manufacturing sectors across the U.S. and Canada. AMECO was founded in 1947 and is based in Greenville, South Carolina.

Buy $73M
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