Cowen advises Notion Systems on the Sale to RSBG SE

Overview

Transaction

The shareholders of Notion Systems GmbH (“Notion Systems”), one of the leading suppliers of industrial inkjet printing systems for functional inks, are selling a majority stake to the Advanced Manufacturing Unit of RSBG SE (“RSBG”). Notion Systems will thus become a sister company of Heidelberg Instruments Mikrotechnik GmbH (“Heidelberg Instruments”) and SPECS Surface Nano Analysis GmbH. The four founders of Notion Systems will remain with the company as co-partners and Managing Directors.

Cowen exclusively advised the sellers during the process.

Michael Doran, founder of Notion Systems, said, “We thank Cowen for their professional support. Despite the challenges Covid-19 posed to our industry, the Cowen team always provided us with comprehensive and exceptionally competent advice. With RSBG’s Advanced Manufacturing unit, we have found the optimal shareholder and partner to expand our business even more successfully in the future!”

Client

Notion Systems is a leading supplier of industrial inkjet printing systems for functional materials. The n.jet inkjet platform is used for the production of electronic displays, printed circuit boards, semiconductor components as well as high-precision optical 3D parts. The company draws on decades of experience, bringing precision inkjet systems to customers and scaling digital printing processes from the lab to industrial production at leading global customers. Notion Systems is headquartered in Schwetzingen, near Heidelberg, Germany, and works with leading sales and service organizations worldwide, with a focus on Asia, Europe and North America.

Buyer

Founded in 2014, the investment company sees itself as a long-term partner to medium-sized businesses. Accordingly, the company uses a buy-and-build strategy to invest in successful medium-sized companies. RSBG SE holds majority stakes in companies that are divided into the four business areas “Infrastructure”, “Automation & Robotics”, “Information & Communication” and “Advanced Manufacturing”. The investment in Notion Systems complements the product range of Heidelberg Instruments, one of the leading suppliers of maskless laser lithography systems for the manufacture of microstructures, and SPECS. As a result, the “Advanced Manufacturing” area will be expanded in a targeted manner.

Contact

Photo Philipp Schlueter

Philipp
Schlüter

Partner
M&A, Cowen

+49 89 2000 393 0
Email

Photo Jens Schmidt-Sceery

Jens
Schmidt-Sceery

Partner
M&A, Cowen

+49 30 7675 867 02
Email

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