Equita acquires MEN Mikro Elektronik

Equita invested via its €315m evergreen fund Equita Holding and Equita CoVest, which held a €115m first close last year. The company's CEO and co-founder reinvested for a "significant" stake in MEN.

Senior debt and working capital facilities were arranged by Deutsche Bank and Sparkasse Nuremberg.

Equita stated that MEN will keep pursing its current growth strategy, with a particular focus on expanding its international operations.

Company
Established in 1982, MEN designs and manufactures failure-safe computer boards and electronic components for rugged and harsh environmental conditions. The company's products are used for applications in industrial functions, mobile equipment such as trains, aircrafts and commercial vehicles, as well as in mining and in medical equipment. Nuremberg-based MEN employs more than 250 staff.

People
Equita was represented by Hans J Moock, Hansjörg Schnabel, Jan C Drewitz and Frank Schäfer. Manfred Schmitz is CEO of MEN.

Advisers
Equity – KPMG, Ines Berger, Natalie Gibert (Financial due diligence); Roland Berger, Gerd Sievers, Sven Kleindienst (Commercial due diligence); Watson Farley & Williams, Simon Preisenberger, Silke Pütz (Legal); Lothar Wegener, Martina Füchsl (Tax); Willis, Albert Höyng (Insurance due diligence).
Vendor – Deloitte & Touche Corporate Finance, Sven Oleownik, Reiner Schwenk, Philipp Goepfert (M&A); Taylor Wessing, Peter Hellich, Stefan Kroeker, Gudrun Vogel (Legal, tax).

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• Topics
• DACH
• Buyouts
• Industrials
• Germany
• EQUITA Management