The international law firm Milbank LLP advised capiton V GmbH & Co. Beteiligungs KG and several other sellers on the indirect sale of all shares in LAP GmbH Laser Applikationen and its subsidiaries (“LAP Group”) to funds managed by IK Investment Partners.
LAP Group, headquartered in Lueneburg near Hamburg, is a global supplier of laser projection and measurement systems in highly attractive and diversified niche end-markets within the healthcare and industrial segment. LAP Group also provides solutions for projection and touch-free measurement for a variety of industrial applications, among other industries, in the aerospace, wind power and steel industries. In the last three years LAP Group continued to strengthen its market leading position in the field of laser components and systems for the reproducible positioning of patients in oncological radiation therapy. In 2018, LAP Group generated revenues of around €60 million with more than 350 employees worldwide in two manufacturing sites and eight sales offices.
Capiton is a financial investor that invests in medium-sized companies in Germany, Austria and Switzerland as part of management buyouts and expansion financings. Since 2003, capiton has managed four investment programs with a total volume of over €1.1 billion. The preferred investment targets are profitable companies with a turnover of between €50 and 300 million.
The Milbank team led by partner Michael Bernhardt advised capiton V GmbH & Co. Beteiligungs KG and other sellers comprehensively on all legal aspects of the transaction, in particular corporate, financial and tax aspects of the transaction.
Advisor to capiton V GmbH & Co. Beteiligungs KG and other sellers: Milbank LLP
Michael Bernhardt (lead, Corporate/M&A, Frankfurt), Matthias Schell (Tax, Munich), Alexander Rinne (Antitrust, Munich), Sebastian Dexheimer, Sarah-Maria Resch (both Corporate/M&A, Frankfurt), Odilo Wallner, Achim Rohr (both Finance, Frankfurt), Moritz Philipp (Tax, Munich).