M&A Deal Summary

Argand Partners Acquires Cherry

On May 26, 2020, private equity firm Argand Partners acquired technology hardware company Cherry from GENUI

Acquisition Highlights
  • This is Argand Partners’ 1st transaction in the Technology Hardware sector.
  • This is Argand Partners’ 2nd transaction in Germany.

M&A Deal Summary
Date 2020-05-26
Target Cherry
Sector Technology Hardware
Buyer(s) Argand Partners
Sellers(s) GENUI
Deal Type Secondary Buyout

Target

Cherry

Auerbach, Germany
Cherry is a manufacturer of computer input devices with a focus on office, gaming, industry, security, e-health solutions, and switches for mechanical keyboards. Cherry was founded in 1953 and is based in Auerbach, Germany.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Argand Partners

Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 685M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argand Partners is a value-oriented private equity firm focused on acquiring controlling interests in middle-market industrial businesses that have established market leadership positions and track records of stable cash flows. Argand typically pursues complex situations involving corporate carve-outs of non-core divisions, industries that are out of favor or in transition, middle-market companies grappling with the opportunities and difficulties of global operations, good companies with overleveraged balance sheets, and family-owned businesses transitioning to professional management. Target companies generally have $15 to $50 million of EBITDA. Argand Partners was founded in 2015 and is based in New York City.

DEAL STATS #
Overall 6 of 6
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 4 of 4
Country (Germany) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Midwest Can

Franklin Park, Illinois, United States

Midwest Can is a manufacturer of portable fuel containers used for the safe handling, storage, and usage of flammable liquids such as gas, diesel, and kerosene. Midwest Can design and manufactures PFCs, which contain its industry-major FlameShield Safety System, as well as fluid management accessories such as funnels, drain pans, and spouts. Midwest Can’s products are sold through a diverse customer base consisting of farm & fleet, lawn & garden, automotive aftermarket, hardware, and gas & convenience retailers. Midwest Can was founded in 1951 and is based in Franklin Park, Illinois.

Buy -

Seller(S) 1

SELLER

GENUI

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

GENUI is a private investment firm focused on investing in medium-sized companies throughout German-speaking Europe. GENUI was formed in 2014 and is headquartered in Hamburg.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Germany) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-22 VALEARA

Bottrop, Germany

VALEARA operates a psychiatric day clinic with an attached institute outpatient clinic as well as an MVZ for neurology in the heart of the Ruhr area. The company has continuously expanded its offerings in speaking medicine and is now a regional leader. The interdisciplinary approach and a high level of intercultural competence ensure holistic patient care. VALEARA was founded in 1983 and is based in Bottrop, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 FactFinder

Pforzheim, Germany

FactFinder provides services related to search, navigation, and merchandising in e-commerce. Since the early 2000s, the company has been developing AI-based search technologies to help online shoppers find the right products. Internationally, the technology is used in more than 1,800 shops. FactFinder was founded in 1981 and is based in Pforzheim, Germany.

Buy -
Mergr

Product

Company

Legal