Ventizz Capital Partners Advisory AG and ALLEGRA CAPITAL GmbH announce the acquisition of all shares of the leading lighting solutions provider for medical and laboratory applications ZETT OPTICS GmbH by Ventizz Capital Fund IV, L.P. The seller is a holding company, which is being advised by the private equity firm ALLEGRA CAPITAL GmbH.

ZETT OPTICS is headquartered in Braunschweig, Germany, and its origins date back to 1928 when Zett Projektion GmbH was founded. In 2004, ZETT OPTICS was acquired from Leica Camera AG by a holding company, which is being advised by ALLEGRA CAPITAL. During the ALLLEGRA CAPITAL period, ZETT OPTICS was successfully re-orientated. Today, ZETT OPTICS is a leading supplier for the implementation of lighting technology solutions for medical and laboratory applications and other challenging environments. The company designs, develops, and manufactures solutions from LEDs to halogen incandescent lamps and discharge lamps, from entire systems to plastic optical components. Since then, the company has been growing with more than twenty percent per annum and is considerably profitable.

The acquisition is the first investment of Ventizz Capital Fund IV, L.P., which was closed in December 2007. “With its excellent know-how in the field of LED technology as well as its high quality injection moulding, ZETT OPTICS is best-positioned in its market. We will invest further capital to accelerate the future company growth,” comments Reinhard Löchner, Managing Partner of Ventizz on the company. 

The Managing Director of ALLEGRA CAPITAL, Dr. Hendrik Heinze, explains: ”We are proud of ZETT OPTICS’ development during the ALLLEGRA CAPITAL period. The success of ZETT OPTICS is an example for what ALLLEGRA CAPITAL stands for – efficient acquisitions of subsidiary companies in special situations and subsequent reorganisation to profitable growth.“

„The acquisition by a fund of Ventizz Capital Partners, who are already substantially invested in medical technology, offers ZETT OPTICS an excellent platform to strengthen its market position and to offer the customers a broader innovative product portfolio”, summarises the previous and future Managing Director of ZETT OPTICS, Dr. Matthias Dämmig, the entrance to a new development stage for the company.

Ventizz Capital Fund IV, L.P. was advised by Franz Rechtsanwälte Partnerschaftsgesellschaft, Düsseldorf and SUSAT & Partner OHG, Cologne.

The seller was advised by Mummert & Company Corporate Finance as well as by P +P Pöllath + Partners.

 

About Ventizz Capital Partners:

St. Gallen- and Duesseldorf-based Ventizz Capital Partners was established in 2000 and is advising funds which are investing in buy-outs and growth equity for small and medium sized high-tech companies primarily in German-speaking Europe. The three Partners of Ventizz, Dr. Helmut Vorndran, Reinhard Löchner, and Willi Mannheims, are currently advising four funds with a total capital under management of more than € 650 million. To date, funds advised by Ventizz Capital Partners have invested in 31 companies with a special focus in renewable energy/solar energy, high value add engineering, medical technology, and ICT. In addition to a variety of trade sales, Ventizz funds have achieved three successful IPOs (ErSol, SAF, PV Crystalox). For further information see: www.ventizz.com

 

About ALLEGRA CAPITAL GmbH

ALLEGRA CAPITAL, headquartered in Munich was founded in the year 2000. It is a private equity company with focus on corporate spin-offs in special situations, particularly restructuring cases. ALLEGRA CAPITAL is a fast, fair and flexible partner for corporate portfolio restructuring. After the acquisition, ALLEGRA CAPITAL leads the portfolio company actively and in the long-run from the special situation to a secure future. Recent acquisitions of holding companies which are advised by ALLEGRA CAPITAL were subsidiaries of Alstom, the Miba Group, and the Steiff Group.

 

About ZETT OPTICS GmbH: