One Equity Partners buys stake in Cicor Group

The transaction remains subject to regulatory approval.

HEB Swiss Investment owned a stake of 29.35% prior to the sale, having first invested in Cicor in 2009, according to a statement.

Cicor is listed on the SIX Swiss Exchange and has a market capitalisation of CHF 139.3m.

One Equity Partners is currently deploying equity via One Equity Partners VII which held a final close in October 2019 on $1.75bn. The fund makes equity investments of $30-300m, focusing on healthcare, industrial and technology businesses in both the US and Europe.

Company
Founded in 1966 and headquartered in Boudry, Cicor produces printed circuit boards and hybrid circuits. The company also provides outsourced manufacturing services for the production of printed electronics. Its products are used in sectors including industrials, medical devices, communications, automotive and consumer products, such as watches. The company employs more than 2,000 staff.

According to its latest financial statement, issued in August 2020, Cicor reported H1 2020 revenues of CHF 109m, a decline of 17% compared with the same period in 2020, which the company attributed to the coronavirus pandemic. However, the company achieved positive EBIT of CHF 4.1m in the same period, the statement added. In the full 2019 year, it generated revenues of CHF 254m.

People
Cicor Group – Alexander Hagemann (CEO); Robert Demuth (chairman of the board of directors).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• PIPEs
• DACH
• Technology
• Switzerland
• One Equity Partners