M&A Deal Summary

Apax Acquires Rodenstock

On March 24, 2021, private equity firm Apax acquired consumer products company Rodenstock from Compass Partners International

Acquisition Highlights
  • This is Apax’s 3rd transaction in the Consumer Products sector.
  • This is Apax’s 15th transaction in Germany.

M&A Deal Summary
Date 2021-03-24
Target Rodenstock
Sector Consumer Products
Buyer(s) Apax
Sellers(s) Compass Partners International
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B 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 231 of 262
Sector (Consumer Products) 3 of 4
Type (Secondary Buyout) 52 of 66
Country (Germany) 15 of 15
Year (2021) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Lutech

Cologno Monzese, Italy

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Verint Systems

Melville, New York, United States

Verint Systems is a provider of Actionable Intelligence solutions to clients. The company's portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions helps organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex, and often underused information sources such as voice, video, and unstructured text. Verint Systems was founded in 1994 and is based in Melville, New York.

Buy -

Seller(S) 1

SELLER

Compass Partners International

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Compass Partners International is a European private equity firm that targets investments in middle-market industrial manufacturing and services companies. Compass seeks controlling interests in 'under-managed' or capital-constrained businesses valued from €100 million to €750 million. Areas of interest include infrastructure, HVAC, aerospace/defense, capital goods, vending, controls/components, and machinery/equipment. The Firm will consider a variety of transaction situations, including turnarounds, recapitalization, corporate carve-outs, and growth capital financings. Compass Partners International was formed in 1997 and is based in London.

DEAL STATS #
Overall 8 of 9
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Germany) 2 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Infinitas Learning

Utrecht, Netherlands

Infinitas Learning is a dynamic educational resources company, and a provider of innovative and engaging products and services for teaching and learning. Infinitas Learning was founded in 2008 and is based in Utrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Infinitas Learning

Utrecht, Netherlands

Infinitas Learning is a dynamic educational resources company, and a provider of innovative and engaging products and services for teaching and learning. Infinitas Learning was founded in 2008 and is based in Utrecht, Netherlands.

Sell -
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