capiton Quantum – Continuation Fund

Successful Closing of Continuation Fund “capiton Quantum” for two leading German high-tech companies

We are pleased to announce the closing of the €248m continuation fund “capiton Quantum”. capiton Quantum invested in Raith and AEMtec, two leading companies within the industrial technology space, originally acquired by capiton Fund V in 2016 and 2018, respectively. The continuation fund will provide Raith and AEMtec with additional capital to accelerate their organic and inorganic growth trajectories, allowing for the capiton team’s continued investment into both companies to fuel their next phase of growth.

We are delighted to have attracted a high-profile group of blue-chip secondary investors led by Eurazeo and Unigestion, alongside existing and new capiton LPs, underlining the strong conviction for resilient German mid-market businesses even in times of significant market volatility.

Under capiton’s ownership, Raith and AEMtec have focussed on capacity expansion, internationalization and the enhancement of their technological offerings. Together with the two management teams, we will continue to execute on a combination of organic initiatives and transformational add-on acquisitions. Both management teams will remain significantly invested.

Christoph Karbenk, Managing Partner at capiton commented: “On behalf of the entire capiton team, I would like to thank the investor group who supported us in this transaction, as well as the management teams who have done a tremendous job to date. We are thrilled to continue this successful partnership by bringing both companies to the next level. The transaction generates strong returns for our existing capiton V LPs, to whom full optionality to either generate liquidity or to participate in the next chapter of both companies was offered.”

Dr. Ralf Jede, CEO at Raith said: “We are very proud to have grown Raith to be the global market leader for nanofabrication equipment. Many thanks to the strong commitment of all Raith’s employees and the trustful partnership with capiton. We are very much looking forward to realizing further highly attractive growth opportunities together with capiton Quantum.”

Jan Trommershausen, CEO at AEMtec said: “We are excited for the next chapter of our partnership with capiton, with all AEMtec team members continuing to be highly committed to the company. We are thrilled to be able to execute on international buy and build opportunities to further strengthen our position as the leading full-service provider of cutting-edge micro and optoelectronic systems.”

We would like to thank UBS Private Funds Group, a fully integrated part of UBS Investment Bank in their role as exclusive secondary advisor, Stephenson Harwood, POELLATH, BMH Bräutigam and Ashurst in their role as legal advisors as well as EY (tax & structuring), Houlihan Lokey (debt advisory), Deloitte (legal & financial due diligence), Roland Berger (commercial due diligence) and Kroll (fairness opinion) for their support in the capiton Quantum transaction. The lead investors were advised by Hogan Lovells. The transaction was notarized by CMS Hasche Sigle.

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