Bring your vision to life.

Capital with vision

capiton enables small and medium-sized businesses in the DACH region to achieve ambitious goals. Not only do they receive capital from us, they also benefit from our expertise and personal support. We listen carefully, make quick decisions and are accessible, because we know that nothing generates confidence like your own vision in your own hands.

Finance

News

LAP Group

The company

capiton AG (“capiton”) is pleased to announce the sale of the shares in LAP GmbH Laser Applikationen (“LAP”) to IK Investment Partners. LAP was established in 1984 in Lueneburg/Hamburg and has developed into a globally active supplier of laser projection and measurement systems in highly attractive and diversified niche end-markets within the healthcare and industrial segment. During capiton’s hold period, the company 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 through two add-on acquisitions in the quality assurance hard- and software segment. The company also provides solutions for projection and touch-free measurement for a variety of industrial applications, e.g. in the aerospace, wind power and steel industries.

In 2018, LAP generated revenues of around € 60 million with approx. 350 employees worldwide active in three manufacturing sites and seven sales offices.

 

The transaction

capiton acquired a majority share together with Management in January 2016. With the transaction that has now been signed, funds advised by capiton will dispose all shares in LAP. Closing of the Transactions is still subject to customary closing conditions. capiton was advised by William Blair (M&A), Milbank (legal), Deloitte (financial & tax), and L.E.K. (commercial).

Facts & Figures

Foundation

capiton’s predecessor company was founded in the mid-1980s. capiton AG was established in 1999. The firm became an independent company in 2004, following a Management-Buy-Out.

Partnership

capiton is managed by 9 partners and is an owner-managed financial investor.

Track record

The capiton team has supported more than 80 companies, and over 70 investments have been realised. At present, the company manages a fund volume of €1.1 billion.

Investment range

capiton invests in small and medium-sized companies in German-speaking countries. We usually invest between €20 and €60 million of our own funds in profitable companies with turnover between €50 and €300 million. We are also able to execute much larger transactions together with co-investors.

What our portfolio companies say

capiton is familiar with the needs of SMEs, understands them, and acts accordingly.

Josef Raith, Founder
RTS