Ardian-backed Swissbit completed the acquisition of Hyperstone from CML Microsystems for $49m.

Financials

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Transaction Value£36m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Cml Microsystems (hyperstone)

vendor

Cml Microsystems

bidder

SWISSBIT

bidder

ARDIAN

Sources

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RNS Announcement

CML Microsystems - 10 Dec 2020

Press Release

Swissbit - 11 Dec 2020

Completion Announcement

CML Microsystems - 5 Feb 2021

Tags

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Acquisition

industrial storage equipment

Private

United Kingdom

Majority

Single Bidder

Storage Terminals

Cross Border

Friendly

Disposal

Private Equity

Completed

Synopsis

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Ardian-backed Swissbit, a specialist producer of industrial-grade data-storage and embedded IoT solutions, completed the acquisition of Hyperstone, the storage division, from CML Microsystems, a British-based manufacturer of semiconductors, for $49m. The proceeds of the disposal will provide CML Microsystems with the financial flexibility to maximise its future growth potential.