M&A Deal Summary

Rcapital Acquires STI

On November 3, 2023, private equity firm Rcapital acquired electronics company STI from Integrated Micro-Electronics

Acquisition Highlights
  • This is Rcapital’s 1st transaction in the Electronics sector.
  • This is Rcapital’s 40th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-11-03
Target STI
Sector Electronics
Buyer(s) Rcapital
Sellers(s) Integrated Micro-Electronics
Deal Type Divestiture

Target

STI

Hampshire, United Kingdom
STI is a manufacturer of contract electronics that provide electronics services, including Research & Development, Supply-Chain, manufacturing and capital. STI was founded in 1989 and is based in Hampshire, United Kingdom.

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Buyer(S) 1

Buyer

Rcapital

Mayfair, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RCapital Partners LLP is a specialist private investment firms that targets turnaround and growth capital investments opportunities in a variety of industries. RCapital will consider companies across the UK and Europe and looks to commit £500,000 - £20 million in businesses generating sales of £5 - £100 million. RCapital Partners LLP was formed in 2004 and is based in London.


DEAL STATS #
Overall 42 of 42
Sector (Electronics) 1 of 1
Type (Divestiture) 7 of 7
Country (United Kingdom) 40 of 40
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Avonside Energy

Leicester, United Kingdom

Avonside Energy is the insulation and solar PV service provider of choice for house builders across the UK. Avonside Energy has a strong national presence with operations in the West Midlands, East Midlands, Glasgow, Leeds, Newcastle, Warrington, and Stevenage. Avonside Energy is based in Leicester, United Kingdom.

Buy -

Seller(S) 1

SELLER

Integrated Micro-Electronics

Binan, Philippines

Category Company
Founded 1980
Sector Electronics
Revenue 1.1B USD (2020)
DESCRIPTION

Integrated Micro-Electronics is a global technology and manufacturing solutions company specializing in highly reliable and quality electronics for long product life cycle segments in the automotive, industrial, medical, power electronics, communications, and aerospace markets. Integrated Micro-Electronics, Inc. was established in 1980 and is headquartered in Biñan, Philippines.


DEAL STATS #
Overall 2 of 2
Sector (Electronics) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 VIA optronics

Nuremberg, Germany

VIA optronics is a supplier of energy-saving LCD displays for products such as handheld devices, laptops, televisions, and industrial devices. The company addressing these challenges by providing best-in-class interactive display solutions and systems that exceed quality and reliability standards for high demanding applications in industrial, automotive, and consumer electronics markets. VIA optronics was founded in 2005 and is based in Nuremberg, Germany.

Sell -