Pinova buys Sill Optics

Sill Optics managing director Christoph Sieber has taken a minority stake in the transaction alongside Pinova.

The GP is currently investing from Pinova Capital Fund II, a vehicle that closed on its €180m hard-cap in 2017. The fund generally makes equity investments of €5-25m.

Pinova said it will invest in production technology and increasing headcount to strengthen Sill Optics' international footprint.

Herbert Seggwiß led the investment for Pinova and will represent the GP on the company's board.

Company
Sill Optics was founded in 1894 and is headquartered in Munich. It makes lenses for a range of industries including laser processing, machine vision, medical technology and optical measurement. It employs 240 people.

People
Pinova Capital – Herbert Seggwiß (partner).
Sill Optics – Christoph Sieber (managing director).

Advisers
Company – Deutsche Bank (corporate finance).
Equity – BPG Beratungs- und Prüfungsgesellschaft (corporate finance).

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• Topics
• Buyouts
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• Germany
• Pinova Capital