mynth
05/2023

THE CARLYLE GROUP takes majority stake in MEOPTA-OPTIKA

CZECH REPUBLIC Hardware & Electronics / Electronic Components / Sensors & Optics EV 500M - 1.5b EUR

Context

Carlyle has entered into a definitive agreement to acquire a majority ownership stake in Meopta Optika. Under the terms of the agreement, the founding Rausnitz family will retain a minority ownership interest in the business. Equity financing for the transaction will be co-invested through the Carlyle Europe Partners and Carlyle Europe Technology Partners platforms. The acquired operational perimeter includes a workforce of over 1,700 employees, including more than 300 specialized engineers, operating out of a centralized 140,000-square-meter manufacturing and cleanroom site located in Prerov, Czech Republic. By backing Meopta's vertically integrated platform, Carlyle intends to position the company as a globally leading provider of optical systems. The post-closing corporate strategy focuses on scaling international distribution channels through the creation of a direct sales network, expanding R&D capabilities in high-precision optoelectronic technologies, and optimizing operational efficiencies across production, cleanroom subsystem assembly, and metrology workflows at its historical Prerov facility.

MEOPTA-OPTIKA, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Meopta operates as a vertically integrated developer and manufacturer of high-precision optical, opto-mechanical, and optoelectronic solutions tailored for industrial, military, and consumer end markets. Established in 1933, the company’s business model leverages a unique, fully integrated platform that controls the entire product lifecycle. This structural framework spans initial design and component development through to high-precision manufacturing, cleanroom assembly, and advanced metrology testing. By maintaining complete operational control from concept to final output, the company delivers highly customized, premium-tier optical systems to its global client base.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

Similar deals in Hardware & Electronics

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2023KKR / MUBADALACOOLIT SYSTEMSCANADAServers & Networks
07/2023SIPAREXGROUPE PASSMANFRANCEIT Equipment
05/2023SDI GROUPPEAK SENSORSUNITED KINGDOMSensors & Optics
09/2022ARKEA CAPITAL / SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENTACB GROUPBELGIUMElectronic Components
08/2022NORDSON CORPORATIONCYBEROPTICSUNITED STATESSensors & Optics
05/2022SPECTRISDYTRAN INSTRUMENTSUNITED STATESSensors & Optics
04/2022TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRESCROUZETFRANCESensors & Optics
11/2021H2 Equity PartnersAcal BFi GroupUNITED KINGDOMElectronic Components
10/2021SECOGARZ & FRICKE GROUPGERMANYIoT & Connected Objects
07/2021MKS INSTRUMENTSPHOTON CONTROLCANADASensors & Optics

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MEOPTA-OPTIKA by THE CARLYLE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: meopta-optika

Acquirer: the carlyle group