Castik Capital is a European Private Equity firm with a long-term approach to value creation.

Alpega

logistics software company and freight marketplace

Funds managed by Castik invest in high-quality businesses headquartered in Europe.

Acrotec

Critical components for luxury watches, medtech and other industrial end-markets

Castik Capital supports managers or founders to achieve their ambitious growth plans.

AllDent

Operator of multiple large dental care practices in Germany

Castik Capital offers flexibility in terms of investment to offer most suitable proposition.

CPA

Provider of intellectual property management services and software

Castik Capital is a European Private Equity firm with a long-term approach to value creation.

Waterlogic

Workplace hydration solutions company

European Private Equity Fund with longer-term approach

Current fund size:  €1bn

Target initial enterprise value c. €200-800m

About Castik

Castik Funds invest in great companies and management teams with the aim to create market leaders.

Founded in 2014, Castik Capital focuses on identifying and developing investment opportunities across Europe. The investments are made by the Luxembourg based EPIC funds. The first fund, EPIC I, has a volume of €1 billion and was raised in 2014/2015. The second fund, EPIC II, had its first close in April 2019. The Castik employees have extensive knowledge and experience in the Private Equity markets, with a team that has been actively investing in transactions for over 25 years. The advisor to Castik Capital is Castik Capital Partners GmbH, based in Munich.

News

Castik Capital to partner with Switzerland’s Acrotec Groupe SA

20.06.2016

Castik Capital, the European private equity investment firm, has partnered with management to acquire Acrotec Groupe SA, a leading Swiss supplier of precision components to the watch market and other high-value industrial end markets.

Funds advised by Castik and Acrotec’s management will jointly own the business. The acquisition, with an enterprise value of about CHF 280m, is the culmination of the management team’s search to find a suitable long-term partner. The deal secures the firm’s independence and builds the foundations for further strong growth.

The acquisition means the exit of Quilvest Private Equity from Acrotec Groupe SA, four years after its investment as an anchor shareholder.

“In Castik, we have found an excellent partner – their long-term commitment and emphasis on partnership really made them stand out,” said François Billig, Acrotec’s Chief Executive. “Their hands-on approach to value creation will also benefit Acrotec as we continue to consolidate our competitive position. Castik’s investment marks an important milestone in our history as we take Acrotec into its next phase of growth.”

Acrotec’s focus on quality and long-term customer relationships has seen it become one of the largest independent suppliers of critical components for the Swiss luxury watch market, producing precision parts such as shock absorbers, oscillating weights and spring barrels.

The group also serves a number of other global industrial end markets, such as automotive, aerospace, medtech and telecommunications, in which the manufacturing techniques and precision parts expertise derived from the watch business are applicable.

“Given Acrotec’s world-beating expertise, stellar reputation and excellent management team, we see significant scope for strong growth,” said Michael Phillips, Partner of Castik Capital. “We are proud to partner with such a strong team of true entrepreneurs and will support their strategy of further growing the business through acquisitions when opportunities arise.”

The investment in the group fits Castik’s criteria: with an attractive profile; good financial stability; and with a strong cash conversion to sustain continued investment into the business. Furthermore, there are compelling growth opportunities, both organically and through acquisitions, as demonstrated by Acrotec over the past few years.

The group is in a prime position to benefit from long-term global growth in luxury watches through its blue chip customer base. Acrotec will continue to pursue its current strategy of adding companies to the group to consolidate its position as the dominant, independent Swiss luxury watch component supplier.

Castik was advised by Bär & Karrer, Deloitte, BCG and Arendt & Medernach. Quilvest Private Equity was advised by Transaction R and Lenz & Staehelin.

About Castik

Castik Capital S.à r.l. (“Castik Capital”) manages investments in private equity. Castik Capital is a European multi-strategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.

Castik has an investment horizon of up to ten years – longer than most other private equity funds. This enables Castik to focus resources on its portfolio companies and ensure sustainable, long- term value creation.
Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg- based fund, EPIC I SLP, the first fund managed by Castik, which had its final close at EUR 1.0bn in August 2015.

More information can be found at https://castik.com

Media Contact:

Alistair Hammond, CNC Communications
E: Alistair.Hammond@cnc-communications.com T: +44 776 933 7340

About Groupe Acrotec SA

Acrotec is an independent group, employing around 600, created by professionals from the watch and micro-mechanical industry with the aim of supplying the watch manufacturers and brands with “Swiss made” quality products. The objective of the Group is to simplify the complexity of sub- contracting by offering its clients with a variety of watch and industrial competences: metal cutting, crimping, surface treatment, etc. The companies of the Group provide finished elements for watch movements (springs, shock absorbers, oscillating weights, etc.) and components used in medical equipment. Acrotec also produces components used in end-markets such as: connectors, telecommunications, IT, mobile, automotive, turbochargers, aerospace and aeronautical.

More information at www.acrotec.ch

Media Contact:

Michele Caracciolo, Agence CRP E: mcb@agencecrp.ch
T: +41 77 410 35 60

"Alpega benefits from Castik’s strategy of buying and aggregating founder-led companies along with a longer, flexible holding period, allowing for greater value creation than most other Private Equity firms."

AlpegaCEO

"The last five years of partnership with Castik have been by far the most satisfying, exciting and rewarding period of Waterlogic’s 27 years in business. The long-term strategic thinking, willingness to invest in our vision and provision of outstanding human and financial resources has enabled the business to grow more than four-fold and become a global leader."

WaterlogicCEO

"Having the right partner has always been essential to our success. And we have been very fortunate to find the Castik team for their long-term financial support, their outstanding added value to our growth strategy as well as their personal and human qualities. And we are very happy to share our success with them as this is even more rewarding.

AcrotecCEO

"As founders, we chose to partner with Castik because of their proven long-term approach and entrepreneurial mindset."

AllDentCEO

“Castik has proven to be a very strong partner from the outset. They shared our vision for a transformational combination initially, were able to understand and make it happen quickly, and then provided us with a team of hands-on people that provided the support you need in a fast-paced integration program. With the merger of ipan Delegate Group and CPA, we are now entering the next and even bigger chapter in this exciting journey, and I look forward to continuing this journey together.”

CPA GlobalChairman

"Alpega benefits from Castik’s strategy of buying and aggregating founder-led companies along with a longer, flexible holding period, allowing for greater value creation than most other Private Equity firms."

AlpegaCEO

"The last five years of partnership with Castik have been by far the most satisfying, exciting and rewarding period of Waterlogic’s 27 years in business. The long-term strategic thinking, willingness to invest in our vision and provision of outstanding human and financial resources has enabled the business to grow more than four-fold and become a global leader."

WaterlogicCEO

"Having the right partner has always been essential to our success. And we have been very fortunate to find the Castik team for their long-term financial support, their outstanding added value to our growth strategy as well as their personal and human qualities. And we are very happy to share our success with them as this is even more rewarding.

AcrotecCEO

"As founders, we chose to partner with Castik because of their proven long-term approach and entrepreneurial mindset."

AllDentCEO

“Castik has proven to be a very strong partner from the outset. They shared our vision for a transformational combination initially, were able to understand and make it happen quickly, and then provided us with a team of hands-on people that provided the support you need in a fast-paced integration program. With the merger of ipan Delegate Group and CPA, we are now entering the next and even bigger chapter in this exciting journey, and I look forward to continuing this journey together.”

CPA GlobalChairman
Career

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We are constantly looking to hire outstanding candidates that share the same passion to work with great companies to help them grow and to achieve long-term, sustainable success.

If you are interested in joining Castik Capital's advisory team or our support and specialist's functions, do not hesitate to send your application. For jobs with Castik's portfolio companies we advise you to reach out to them directly.