Lincoln International Represents Pfingsten Partners
in the sale of Technical Services for Electronics to AMETEK
CHICAGO, June 1, 2010 – Lincoln International, a leading global mid-market investment bank, today announced that Technical Services for Electronics (“TSE”) has been sold to AMETEK, Inc. (NYSE: AME). TSE was a portfolio company of Pfingsten Partners, LLC, an operationally focused private equity firm based in Chicago, Illinois. The terms of the transaction were not disclosed.
Based in Arlington, Minnesota, TSE is a leading manufacturer of engineered interconnect solutions for the medical device industry. Its products, which include customized multi-lead and fine wire interconnects, cable assemblies, leads, and antennas, serve a number of high-growth therapeutic sectors, including neuro-stimulation, patient monitoring, ultrasound, cardiac rhythm management and cardiac mapping. The buyer, AMETEK, is a leading global manufacturer of electronic instruments and electro-mechanical devices with 2009 sales of $2.1 billion.
Lincoln International acted as the exclusive financial advisor to Pfingsten Partners, working closely with TSE’s senior management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Scott Finegan, Managing Director at Pfingsten Partners, commented, “through an aggressive global marketing effort and a strong understanding of TSE’s industry, Lincoln created a competitive process resulting in a favorable strategic outcome. Their strong execution expertise, advocacy and advice proved invaluable.” Steve Sundberg, President and CEO of TSE, added, “Lincoln took the time to develop a deep understanding of our business while also providing expert guidance to the executive management team through the entire sale process.”
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising, and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America, and strategic partnerships with leading institutions in China and India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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