Brockhaus exits ATT Systems in trade sale

Brockhaus's newco CM Beteiligungs, which initially bought ATT, also secured around 1.6 million Cascade Microtech common shares as part of the transaction. CM Beteiligungs is now one of the largest single shareholders in Cascade.

Cascade reported the purchase price of ATT as approximately 6x EBITDA.

The private equity house originally acquired a majority stake in ATT via its fund Brockhaus Private Equity II in August 2007. Brockhaus held the vehicle's final  close on €125m in September 2007, €25m over its initial target.

Company
ATT and its management will remain based in Munich.

The firm manufactures advanced thermal systems used in the testing of semiconductor wafers.

People
Marco Brockhaus is founder and CEO of Brockhaus Private Equity. Michael Burger is president and CEO of Cascade Microtech. Markus Eibl is ATT's founder.

Adviser
Acquirer - CMS Hasche Sigle (Legal).

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