Cimteq SA – Carlsquare Corporate Finance

Cimteq, an Industry 4.0 leader and specialist cable design and manufacturing software provider, has been acquired by UL Solutions, a global safety science company that develops innovative safety solutions.

Prior to the acquisition, UK-based Cimteq Ltd was a portfolio company of Foresight Group, a global private equity and asset manager with £12.4 billion in assets under management. Cimteq offers innovative solutions for the wire and cable industry. In addition to improving the design process, centralizing and sharing information, Cimteq’s software helps maximize efficiency, reduce costs and waste, and increase sales for its customers.

Mike Braddock, CEO of Cimteq, said: “Carlsquare has been with us every step of the way, advising and supporting us throughout the process. Their expertise and relationship management with the acquirer ensured the continuation of the transaction and helped bring it to a successful conclusion. It was reassuring to know that Carlsquare was still there as a partner, working as part of our team to deliver a great outcome for shareholders and management.

Under Foresight ownership (since 2018), Cimteq has more than doubled its workforce. The additional team members have allowed Cimteq to expand its international reach.

“Carlsquare has supported the management team and Foresight throughout the deal, leveraging existing relationships at UL having already successfully completed transactions with them. The deal was not without its challenges and Carlsquare is remained committed to the end,” said Fiona Hatch, Senior Investment Manager at Foresight Group. After a successful partnership with Cimteq, we are delighted to have the organization part of UL Solutions, a global leader in applied safety science. .

Carlsquare acted as exclusive financial advisor to Cimteq Ltd.

Customer:

Cimteq Ltd

Industry:

Software

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