M&A Deal Summary

Castik Capital Acquires Element Logic

On June 4, 2021, private equity firm Castik Capital acquired technology hardware company Element Logic

Acquisition Highlights
  • This is Castik Capital’s 1st transaction in the Technology Hardware sector.
  • This is Castik Capital’s 1st transaction in Norway.

M&A Deal Summary
Date 2021-06-04
Target Element Logic
Sector Technology Hardware
Buyer(s) Castik Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Carnegie Investment Bank AB
PwC Corporate Finance LLC (Financial)

Target

Element Logic

Klofta, Norway
Element Logic is a specialized integrator for automated warehouse solutions centred around the AutoStore system. Element Logic’s focus on being a pure-play AutoStore system provider has made it a trusted one-stop shop for warehouse automation solutions in Europe, underpinned by expertise and technology. Element Logic was founded in 1985 and is based in Klofta, Norway.

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Buyer(S) 1

Buyer

Castik Capital

Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.

DEAL STATS #
Overall 11 of 15
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
Country (Norway) 1 of 1
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Reward Gateway

London, United Kingdom

Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London.

Buy £1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 TBauctions

Amsterdam, Netherlands

TBAuctions is an online auction platform and marketplace for second hand and second chance goods. The company auctions movable and immovable goods on behalf of third parties through ATLAS, its proprietary IT platform for intelligent auctioning (IA). TBAuctions is based in Amsterdam, Netherlands.

Buy -
Mergr

Product

Company

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