Capvis sells myonic in secondary deal

Capvis Equity Partners, the Swiss private equity firm, has sold its 85% stake in myonic Group, a German high tech systems provider, to Sud Private Equity and DZ Equity Partners for an undisclosed sum. The sale marks the end of an investment that began in November1999, when Capvis backed a management buyout from Schäublin, a Swiss manufacturer of machine tools.

Myonic manufacturers miniature and sub-miniature high-precision bearings, mechanical components and mechatronic sub-assemblies. In particular in focuses on dental, medical, aerospace and defence technologies. It operates from Leutkirch in South West Germany, and has operations in the UK, the US and the Czech Republic.