Capvis acquires Xovis from Emeram

The funds for the investment were drawn from Capvis Equity V, which closed on €1.2bn in September 2018. Xovis is the fund's third portfolio company; the other two investments are medical equipment company Amann Girrbach and electronic equipment manufacturer Variosystems.

The three founders and executive board members of Xovis, Christian Studer, David Studer and Markus Herrli, will remain shareholders of the company.

Following the transaction, the company plans to expand into Asia and the US.

Previous funding
In 2016, Emeram invested in Xovis for a majority stake, alongside management. The firm used capital from its Emeram Private Equity Fund I. Emeram recently completed a €50m capital increase for this fund in a GP-led secondaries transaction.

Company
Founded in 2008, Xovis offers 3D sensors and software for accurate counting and analysis of people flows. Headquartered in Zollikofen, the company employs 90 people in Switzerland and the US. It counts approximately 75 airports as customers.

People
Capvis – Simon Lussi (investment director).
Xovis – David Studer (CEO).

Advisers
Equity – Lincoln International (M&A).

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