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M&A Deal Summary

capiton and Unigestion Acquire CEDES

On September 7, 2020, private equity firms capiton and Unigestion acquired semiconductors company CEDES from ASSA ABLOY

Acquisition Highlights
  • This is capiton’s 1st and Unigestion’s 1st transaction in the Semiconductors sector.
  • This is capiton’s 5th and Unigestion’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2020-09-07
Target CEDES
Sector Semiconductors
Buyer(s) capiton
Unigestion
Sellers(s) ASSA ABLOY
Deal Type Divestiture

Target

CEDES

Landquart, Switzerland
CEDES is a manufacturer of sensor technology for lifts and doors. Its products, which work with infrared and image processing technology, are used for the automation of lifts, escalators, and building entrances. Cedes was established in 1986 and is headquartered in Landquart, Switzerland.

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Buyer(S) 2

Buyer

capiton

Berlin, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

capiton AG is a private equity firm that targets management-led buyouts and growth capital financings of small and medium-sized businesses in Germany, Austria, and Switzerland. Broad sectors of interest include capital goods, consumer goods, services, and healthcare. capiton AG looks to invest with a turnover of between €50 and €300 million and usually invest between €20 and €60 million. The Firm generally looks for control positions when considering opportunities. capiton AG was established in 1999 and is based in Berlin, Germany.

DEAL STATS #
Overall 38 of 44
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 9 of 9
Country: Switzerland M&A 5 of 6
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Trioptics

Wedel, Germany

Trioptics GmbH manufactures optical measurement and manufacturing technology for lenses, lens systems and camera modules. Trioptics was founded in 1992 and is based in Wedel, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Wundex

Senden, Germany

Wundex provides individual advice and support on all aspects of wound care, pressure relief, enteral nutrition, ostomy care, and drainage incontinence care. Wundex is based in Senden, Germany.

Buy -
Buyer

Unigestion

Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Unigestion is an asset manager with a private equity division focused on global mid-market companies across Europe, North America, and Asia. Unigestion considers direct investments in established companies, secondary position acquisitions, and investments in emerging fund managers. The Firm invests in a variety of industries including industrials, agriculture, distribution, logistics, utilities, software, education, nutrition, leisure, and healthcare. Unigestion was founded in 1971 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 7 of 13
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Infobip

London, United Kingdom

Infobip is a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, with easy and contextualized interactions over customers’ preferred channels. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication security and contact center solutions help clients and partners overcome the complexity of consumer communications, grow their business and increase loyalty– all in a fast, secure and reliable way. Infobip was founded in 2006 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Wytech Industries

Rahway, New Jersey, United States

Wytech Industries is a manufacturer of specialty core wires and related components for the interventional medical markets. Wytech’s customers include the major medical device OEMs and contract manufacturers focused on high-growth therapies in the neurovascular, peripheral vascular, and structural heart-end markets. Wytech Industries was founded in 1975 and headquartered in Rahway, New Jersey.

Buy -

Seller(S) 1

SELLER

ASSA ABLOY

Stockholm, Sweden
Category Company
Founded 1954
Sector Manufacturing
Employees64,460
Revenue 150.2B SEK (2024)
DESCRIPTION

ASSA ABLOY is a provider of access solutions. Every day, help people feel safe, secure, and experience a more open world. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 3 of 5
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 3 of 5
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 Record Group

Fehraltorf, Switzerland

Record Group is a designer and manufacturer of automatic doors. The core product range of record includes all types of sliding doors, telescopic, swing or folding as well as revolving doors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Olimpia Hardware

San Jose, Costa Rica

Olimpia Hardware, Inc. is a manufacturer and distributor of fittings and accessories for tempered glass and aluminum windows. Olimpia Hardware is based in San Jose, Costa Rica.

Buy -
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