M&A Deal Summary

Chequers Capital Acquires Syserso Networks

On May 12, 2021, private equity firm Chequers Capital acquired communications company Syserso Networks from Corning

Acquisition Highlights
  • This is Chequers Capital’s 2nd transaction in the Communications sector.
  • This is Chequers Capital’s 6th transaction in Germany.

M&A Deal Summary

Date 2021-05-12
Target Syserso Networks
Sector Communications
Buyer(s) Chequers Capital
Sellers(s) Corning
Deal Type Divestiture

Target

Syserso Networks

Hanover, Germany
Syserso Networks has established itself as a long-term partner to telecom carriers, utility companies, and other owners or operators of critical IT and telecom networks. Services include network engineering, maintenance, and managed services/operation. Syserso Networks was founded in 1998 and is based in Hanover, Germany.

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Buyer(S) 1

Buyer

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 30 of 38
Sector: Communications M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
Country: Germany M&A 6 of 7
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 Eris

Ivry-sur-Seine, France

Eris is a provider of fire safety solutions. The company specializes in the field of maintenance and installation of equipment for the Fire Detection, Smoke Extraction and Electronic Security. Eris serves a B2B client base of over 1,000 customers in the private and public tertiary sector notably public buildings offering multi-brand installation, renovation and preventive and corrective maintenance services. Eris was founded in 1974 and is based in Ivry-sur-Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Sport & Leisure Group

Sint-Niklaas, Belgium

Sport & Leisure Group is a provider of 80 million m2 of installed artificial grass for football, hockey, tennis, American football, rugby, golf and multipurpose sports applications. Sport & Leisure Group was founded in 1989 and is based in Sint-Niklas, Belgium.

Sell -

Seller(S) 1

SELLER

Corning

Corning, New York, United States

Category Company
Founded 1851
Sector Manufacturing
Employees56,300
Revenue 13.1B USD (2024)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.


DEAL STATS #
Overall 6 of 8
Sector: Communications M&A 1 of 2
Type: Divestiture M&A Deals 5 of 7
Country: Germany M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 SpiderCloud Wireless

San Jose, California, United States

SpiderCloud Wireless, Inc. is a provider of in-building wireless solutions. SpiderCloud develops scalable small-cell network platforms that deliver unprecedented coverage and capacity for wireless services inside buildings. Small cells are deployed by mobile operators and enterprises to optimize network efficiency and improve user experience. SpiderCloud Wireless, Inc. was established 2006 in and is headquartered in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Corning - Gentest Business

Corning, New York, United States

Corning's Gentest Business includes absorption and transport reagents, recombinant metabolic enzymes, tissue fractions, hepatocytes, other ADME toxicology products, and contracted research services.

Sell -