Deal Announcement 01/16: Pharma & MedTech

The Deal

The German PwC M&A team is pleased to announce the successful Closing of Project BEAM, the sale of LAP GmbH Laser Applikationen, LAP Laser LLC and LAP of America Laser Applications LLC (together “LAP Group”) to capiton AG, a German private equity investor. PwC M&A Germany acted as exclusive financial advisor to LAP GmbH Laser Applikationen and its shareholders on this transaction.

PwC M&A Germany advised LAP and its shareholders throughout the entire sell-side process. Prior to the transaction process, PwC supported the shareholders of LAP Group in forming a mutual understanding on key deal parameters in the form of a shareholders agreement. Subsequently, a very limited number of carefully selected strategic and financial investors were approached and a highly competitive sell-side process was arranged to achieve the maximum value for the clients.

LAP Group

LAP Group is a market leading provider of high precision laser measurement and projection solutions in medical and industrial environments. LAP GmbH Laser Applikationen was originally founded in 1984 and is headquartered in Lüneburg, Germany. Production facilities are located at the headquarters in Lüneburg and near Paris, France. In addition, LAP Group consists of two distribution subsidiaries in the US as well as in Singapore and China, which contribute significantly to the sales of the Group.

The Group provides laser projection and measurement equipment for reproducible patient marking and positioning in radiotherapy. In this market, LAP is the leading supplier with a global market share of approx. 80%. In addition, LAP offers laser based projection solutions as well as contactless measurement systems in various industries, such as automotive, wind energy and steel.

capiton AG

capiton is an independent, partner-owned private equity company with funds of more than € 1.1 billion under management. At present, capiton AG’s portfolio consists of 13 medium-sized companies. In its capacity as provider of equity finance, capiton supports management buy-outs and supplies growth financing to established, medium-sized companies in the German speaking region.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

The PwC M&A team in Germany acted as exclusive financial advisor to LAP GmbH Laser Applikationen.

The PwC M&A deal team consisted of Dr. Alexander von Friesen (Partner), Alexander Wenzel (Director), Adrian Schlegtendal (Senior Consultant), Maximilian Jähn and Svea Emmerich (Consultants).