Deloitte advised Adagia Partners (“Adagia”) on the acquisition of Schwind eye-tech solutions GmbH (“Schwind”), a leading provider of eye laser systems.
About the transaction
A multi-disciplinary Deloitte team successfully advised Adagia on the acquisition of Schwind, one of the world’s leading specialists in laser systems for the treatment of vision defects and corneal diseases. The team was led by David Krüger, Transaction Services partner, supported by Sébastien Catteau working together with M&A Tax led by Clemens Petersen and supported by Axel Ortjohann. Deloitte’s healthcare industry expertise, integrated approach and focused execution strongly supported Adagia in this transaction.
Founded in 1958, Schwind develops, produces, and distributes an extensive and highly sophisticated range of products. These include diagnostic tools and state-of-the-art laser systems for the treatment of vision defects and corneal diseases, as well as corresponding software solutions and services. Worldwide more than 1,300 Schwind laser systems are currently installed in over 100 countries.
Schwind has invested significantly in research and development in the last years. As a result, the product range, which previously consisted of various Excimer lasers and diagnostic devices, was expanded with a specially developed intelligent Femtosecond laser system (ATOS).
About the client
Adagia Partners is a pan-European mid-market private equity firm with offices in Frankfurt and Paris. The firm was created and is owned by its Partners. The team is made of 15 professionals with international and operational background. The firm is delivering performance for all stakeholders by fostering entrepreneurship and humanism.
Adagia Capital Europe, the €750m investment vehicle currently in fund raising, will be deployed in mid-cap companies in France, Germany, Benelux, Switzerland and Austria. The fund has an industry specialist approach and focuses on Healthcare, Business Services and Tech Industries.
Adagia Partners backs entrepreneurs in the implementation of their growth strategies, build-up and Tech-Digital approach.
About Deloitte – Financial Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to private equity firms and large and mid-market corporations globally. We offer financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.