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.
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).