Süd Private Equity GmbH & Co. KGaA and DZ Equity Partners GmbH purchased myonic Group
Süd Private Equity GmbH & Co. KGaA, Stuttgart, and DZ Equity Partner GmbH, Frankfurt/Main, private equity firms specializing in management buyouts and the growth financing of small and medium-sized enterprises, have, together with the management, purchased myonic Group (myonic), Leutkirch, a systems provider for precision miniature ball bearings. Capvis, the main shareholder up to now, has held a stake in myonic since 1999 and has decided to dispose of its holding in order to strategically realign its portfolio.
myonic is an established systems provider for precision miniature ball bearings in the high-end technology sector, focusing on the promising future markets in dental, medical, aerospace and defense technologies. The former Swiss group company will now be run from Leutkirch and will maintain a presence in Milton Keynes (UK), Ringwood (USA) and Roznov (CZ). The objective of both private equity firms is to further cement and expand the international position of the Group in the market in association with the management.
myonic Group posted sales of EUR 26 million in 2005 and employs 360 people worldwide in four locations, 210 of which are based in Leutkirch. Under the leadership of Capvis, the Group concentrated on the core miniature precision ball bearing business in 2003 and sold the microsystem business to the Faulhaber Group.
Süd Private Equity GmbH & Co. KGaA is a Stuttgart-based private equity firm that provides tailor-made equity solutions to established SMEs. By integrating companies into the wide network of Süd Private Equity GmbH & Co. KGaA, entrepreneurial experience can be pooled together with the expertise and the network of contacts of Landesbank Baden-Württemberg, which is traditionally tied to the SME sector.
An SME-orientated private equity house, DZ Equity Partner GmbH has many years of experience in the private equity business as it can offer both equity and mezzanine financing tailored to the individual requirements of a company or the entrepreneurs in the case of a partnership. A subsidiary of DZ Bank AG, DZ Equity Partner GmbH invested around EUR 69 million in SMEs over seven transactions in the first quarter of 2006.