Argand Partners completed the acquisition of Cherry from Greendich and Genui Partners for $240m.

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.