Arle Capital Partners has agreed the sale of Qioptiq, a global designer and manufacturer of photonic products and solutions, to Excelitas Technologies Corp. The transaction is expected to close in the next quarter and is conditional on, amongst other things, customary regulatory approvals.
Arle Capital Partners Limited today announced that it has agreed the sale of Qioptiq, a global designer and manufacturer of photonic products and solutions, to Excelitas Technologies Corp. The transaction is expected to close in the next quarter and is conditional on, amongst other things, customary regulatory approvals.
Originally acquired by Candover Partners in 2005 but managed by Arle since 2010, Qioptiq has grown from a network of seven international companies into a cohesive global specialist in the photonics sector serving both the commercial and the aerospace and defence sectors. Operating from five different countries; Germany, UK, USA, Hungary and Singapore, the group currently employs 2,000 people.
Excelitas Technologies Corp. provides innovative, customized optoelectronics and advanced electronic systems to a global customer base of leading OEMs seeking high-performance, market-driven technology solutions.
Commenting on the sale, Nils Stoesser, Partner at Arle said: “Since Qioptiq was originally acquired back in 2005, we have helped the company develop into the global player it is today. Growing organically as well as through strategic acquisitions in Germany and the UK, Qioptiq is now a leading player in the photonics sector.
“Qioptiq’s leading edge capabilities and products serve a number of markets – medical, life sciences, semi-conductor, machine vision through to aerospace,
Monday 30 September 2013
surveillance and target acquisition, space and night vision. Excelitas Technologies is a strong strategic fit for Qioptiq and will enable the business to continue to grow and develop.”
David Nislick, Chief Executive Officer of Excelitas, commented:
“Excelitas and Qioptiq are both market leaders in their respective product spaces and our combined portfolio of active and passive optoelectronics products and capabilities will offer the global OEM community a one stop source for high reliability, high performance photonic components and subsystems solutions.”
Rothschild and Credit Suisse acted as financial advisers and Shearman & Sterling as legal advisers. Skadden, Arps, Slate, Meagher & Flom served as legal adviser to Excelitas Technologies Corp.
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For further information please contact:
Arle Capital Partners
Nils Stoesser: +44 (0) 20 7895 2754
Ben Foster: +44 (0) 20 3603 5220
Notes to editors
Arle Capital Partners
Arle Capital Partners Limited is a London-based private equity. Arle brings together an accomplished team of investment professionals and proven international business leaders, managing a diverse portfolio of around €2 billion for a global investor base. Since taking on the portfolio in 2009, Arle has returned more than €730 million to investors, realising three investments: Ontex, Equity Trust and Capital Safety Group.
Arle’s approach is based on active ownership in close partnership with management in order to drive long term uplifts in growth and value which will generate strong returns for Arle’s investors.
For more information, please visit www.arle.com.
ARLE CAPITAL PARTNERS LIMITED
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