Bain Capital Acquires Majority Stake in SOMACIS, Targets Growth Through M&A and Organic Expansion

https://cdn.pcbdirectory.com/news/SOMACIS_USA_638591354772559801.jpg712370

Bain Capital has announced an agreement to acquire a controlling stake in the PCB manufacturing company SOMACIS, from Chequers Capital. Chequers has decided to reinvest in the SOMACIS Group.

Bain Capital’s Ivano Sessa highlighted Somacis’ market strength and potential benefits from increased demand for US and EU-manufactured PCBs. Giacomo Massetti (Managing Director of Bain) emphasized Bain’s plans to accelerate growth organically and through M&A.

SOMACIS’ CEO Giovanni Tridenti thanked Chequers for their partnership and welcomed Bain Capital’s expertise to enhance SOMACIS’ global reach. Philippe Guérin (Chequers Capital’s Managing Partner) echoed support for the partnership, aiming for global leadership in their segment. The transaction awaits regulatory approval. Financial advisors for Bain Capital were Morgan Stanley and Bank of America, while Jefferies advised Chequers and Somacis.

Philippe Guérin, Chequers Capital’s Managing Partner commented: “Over the past years, we have worked alongside the Somacis management team to strengthen the Company’s operations and positioning as well as making strategic acquisitions. We are very pleased to reinvest alongside Bain Capital and such an excellent management team to become the number one global player in our niches”.

Click here to learn more about SOMACIS.