Announced
Completed
Financials
Tags
Computer Hardware
Acquisition
Germany
Majority
Friendly
Private
Single Bidder
computer peripheral-devices
Private Equity
Cross Border
Completed
Synopsis
Argand Partners, a private equity firm, completed the acquisition of Cherry, a German computer peripheral-device maker, from Genui Partners, a private equity firm, and Greendich Enterprise, an IT accessories trading company, for $240m. “Cherry is a great fit for our firm and investment strategy. The company has a clear leadership position and significant brand equity, and is an innovator in its industry. We look forward to partnering with Cherry’s management team to pursue an accelerated global growth strategy, including strengthening Cherry’s US presence, capitalizing on the e-Health business opportunity, and prioritizing highly strategic M&A on a global basis,” Tariq Osman, Argand Partner and Co-Founder.
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