Milbank LLP advised Capiton on the sale of its portfolio company AEMtec Group (“AEMtec”) to Micross Components Inc. (“Micross”), a leading provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications and a portfolio company of Behrman Capital. AEMtec is a leading European provider of engineering and electronic manufacturing services specializing in complex micro- and optoelectronic modules and systems. In addition to Capiton, Milbank also comprehensively advised all other sellers on this transaction.
Berlin-based AEMtec serves customers from fast-growing end-markets such as Semiconductors, Med & Bio Tech, Industrial Automation, Aerospace & Defense and Datacom in solving most complex technology challenges. Since the investment of Capiton V in 2018, AEMtec has undergone significant growth, and, as of today, employs more than 300 people across locations in Berlin, Dresden and Boston.
Capiton is one of the leading mid-market private equity investors in the DACH region. As an independent, owner-managed investment firm with approximately €1.6 billion under management, Capiton partners with medium-sized companies to accelerate growth, support innovation and create long-term value.
Thomas Brake, Partner at Capiton, commented on the transaction: “Since our first investment in 2018, we have worked closely together with the management team to elevate AEMtec to the leading technology solution provider for highly complex opto-electronic modules in Europe. We would like to thank the entire AEMtec team for their trust and exceptional commitment throughout this successful partnership. AEMtec is a perfect example of our Capiton focus sector approach for “High-tech Industrials“- we aim to provide deep sector expertise together with a unique sector network and market access thereby being a valuable strategic partner to the companies we are invested in. With Micross, we are delighted to have found the perfect partner for AEMtec to continue this successful growth trajectory. We wish AEMtec, its management team and employees all the best for this next chapter under new ownership.”
The transaction is subject to approval by the relevant authorities.
The Milbank team that advised Capiton on this transaction was led by partner Martin Erhardt (Corporate/M&A) and included partners Moritz Lichtenegger (Antitrust) and Thomas Kleinheisterkamp (Tax), special counsel Michael Pujol (Corporate/M&A, all Munich), associates Thomas Vogl (Munich), Josephine Thiel, Maximilian Huber, Jonathan Grumann, Johannes Smida (all Frankfurt, all Corporate/M&A), Martin Juhasz (Antitrust, Munich), Lara Milione, Jan-Henrik Busch (both Finance, Frankfurt), Clayton Melton (Antitrust/FDI, Washington, DC) as well as transaction lawyer Aisha Strohal (Antitrust, Munich).
