M&A Deal Summary

Artemis Capital Partners Acquires Tekscan

On September 9, 2020, private equity firm Artemis Capital Partners acquired electronics company Tekscan

Acquisition Highlights
  • This is Artemis Capital Partners’ 1st transaction in the Electronics sector.
  • This is Artemis Capital Partners’ 9th transaction in the United States.
  • This is Artemis Capital Partners’ 5th transaction in Massachusetts.

M&A Deal Summary
Date 2020-09-09
Target Tekscan
Sector Electronics
Buyer(s) Artemis Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) EC M&A (Financial)

Target

Tekscan

Norwood, Massachusetts, United States
Tekscan is a manufacturer of flexible, ultra-thin sensors and systems that has been at the forefront in the research and development of ultra-thin force and pressure sensing technology to create differentiated products or improve clinical and research outcomes. With a wide range of applications, a strong patent portfolio, and proprietary technology. Tekscan has developed a diversified business of customers within test and measurement, medical, dental, and retail industries, whether as stand-alone solutions or as an embedded technology. Tekscan was formed in 1981 and is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

Artemis Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Artemis Capital Partners is a private equity firm focused on buyouts and growth equity investments in industrial technology businesses. Artemis likes businesses with unique and defensible products, technology and/or intellectual property. Specific areas of interest includes industrial automation and software, life sciences laboratory automation and software, controls, devices, sensors and instrumentation. Target companies generate revenues of $2 to $50 million and at least $500k of EBITDA. Artemis is based in Boston, Massachusetts.

DEAL STATS #
Overall 11 of 17
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Massachusetts) 5 of 6
Country (United States) 9 of 15
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-15 Bridge Farm Nurseries

Lincolnshire, United Kingdom

Bridge Farm Nurseries is a producer of ornamental plants, flowers, and herbs. It works with major UK supermarkets under the brand name Neame Lea, the 2017 UK Grower of the Year. Bridge Farm’s core supermarket customer base, which includes Tesco and Aldi, is growing faster than the overall market as supermarkets increase garden ranges targeting shoppers buying for convenience or on impulse, and accordingly securing a greater share of the market. Bridge Farm Nurseries was formed in 1988 and is based in Lincolnshire, United Kingdom.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 Omega Optical

Brattleboro, Vermont, United States

Omega Optical designs and manufactures precision optical filters and coatings enabling mission-critical optical applications for global OEM customers in a wide range of industries, including life sciences, environmental monitoring, aerospace, defense, semiconductor, and more. From prototyping to production, Omega has the breadth of capabilities, technical experience, and ISO 9001:2015 quality management to consistently deliver the light you need. Omega Optical was founded in 1969 and is based in Brattleboro, Vermont.

Buy -
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