Transaction Details

August 21, 2018
Frankfurt, San Francisco

Sector

Business Services

Deal Type

M&A

Deal Value

N/D

Deal Team

Tobias Schultheiss, Geoffrey Baldwin, Malte Abrams, Hendrik Wildhagen, Matthias Schwaighofer

GCA Altium advises DBAG Fund VI on the sale of its investment in Cleanpart to Mitsubishi Chemical Corporation

GCA Altium has advised DBAG Fund VI on the successful sale of its investment in Cleanpart Group GmbH to Mitsubishi Chemical Corporation (MCC).

Cleanpart is a provider of advanced engineering services to the semiconductor industry. The company maintains process-critical components in machines that are primarily used in the production of logic chips, memory chips and comparable components. These components must be regularly decontaminated, cleaned and coated to ensure that they meet the extreme purity and performance requirements in the production processes of chip manufacturers. The components are serviced at the company’s own facilities, which are located near major customers in Germany, France and the US. Cleanpart has 420 employees and generated revenues of nearly EUR 50m in 2017. DBAG and DBAG Fund VI invested in Cleanpart in April 2015 as part of a succession solution for the company.

Like Cleanpart, MCC’s subsidiary Shinryo Corporation is a service provider for the semiconductor industry with a similar portfolio. Shinryo mostly supplies its services at different process stages in the semiconductor industry and only operates in Japan, Taiwan and China – regions not supplied by Cleanpart. Cleanpart, in turn, contributes its European business and its US sites to the collaboration and will also be able to use Shinryo’s strong market presence in Asia going forward. Together, Cleanpart and Shinryo will be able to benefit from an expanded service portfolio.

Dr Udo Nothelfer, Chairman of the Cleanpart Board of Management, commented on the change of shareholder: “Mitsubishi Chemical is the ideal partner for us and a sound harbour, since the two companies are a good technological and geographic fit.”

Tobias Schultheiss, Managing Director of GCA Altium, commented: “We are delighted to have advised DBAG and the management team on this transaction – Cleanpart and Shinryo have a strong strategic fit and we are convinced that the combination will create a global champion in the semiconductor services industry.”

The transaction is subject to approval by the anti-trust authorities. Terms of the transaction were not disclosed.

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