Deutsche PE invests growth capital in SLM Solutions

The investment was made through DPE Deutschland II Fund, which held its final close on €350m last week.

The capital will be used to expand SLM's market position in the technology sector and to further develop its patented selective laser melting technology, in the hopes of making it a more widely accepted production technology.

Deutsche PE was founded in 2007 and usually invests €5-50m in German, Austrian and Swiss mid-market companies with enterprise values of €10-150m.

Company
SLM is a Lübeck-based manufacturer of laser-based metal additive manufacturing. It introduced the selective laser melting process to the market in 2002. SLM's products are used in research and development environments as well as, more recently, in production applications across the aerospace, automotive, dental, medical and tool engineering sectors.

SLM was originally named MTT Technologies GmbH as part of the MTT Technologies Group, which comprised MTT Technologies GmbH in Lübeck, Germany and MTT Technologies Ltd in Stone, UK. In 2010 the group divided its activities commercially and MTT Technologies GmbH was renamed SLM Solutions GmbH.

People
Deutsche PE managing partner Volker Hichert and director Lars Becker led the transaction. Hans-Joachim Ihde is the CEO of SLM.

Advisers
Equity - Codex Partners (Commercial due diligence).
Company - Future Materials Group (Corporate finance); CMS Hasche Sigle (Legal).

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• Topics
• DACH
• Expansion
• Industrials
• Germany