SK Capital Partners and Edgewater Capital Partners Acquire Saint-Gobain's Crystals Business (rebranded Luxium Solutions)

Luxium Solutions Acquires Inrad Optics

April 9, 2024

Manufacturing

Luxium Solutions, an affiliate of private equity firms SK Capital Partners and Edgewater Capital Partners, acquired Inrad Optics in an all-cash transaction valued at approximately $19 million (including assumed debt) and $1.10 per share. The deal, completed July 2, 2024, makes Inrad a privately held, U.S.-controlled business and is intended to expand Luxium's optics and photonics manufacturing capabilities and capacity.

Luxium Solutions Acquires PLX Inc. and PLX UK from Tinicum-led Investor Group

March 4, 2024

Manufacturing

Luxium Solutions, a PE-backed provider of high-performance crystals for photonics and radiation detection, has agreed to acquire PLX Inc. and PLX UK, Ltd. from an investor group led by Tinicum. The acquisition broadens Luxium's detection-enabling technology capabilities by adding PLX's monolithic optical assembly, optomechanical engineering and systems-integration expertise; debt financing was provided by KeyBanc Capital Markets and a unitranche by Stellus Capital Management.

Goldman Sachs Alternatives Takes Majority Stake in Crystal Group

May 6, 2024

Wealth Management

The Private Equity business at Goldman Sachs Alternatives has agreed to become the majority shareholder in French wealth manager Crystal, alongside Crystal's management team led by Bruno Narchal and Jean-Maximilien Vancayezeele; Seven2 will remain a c.25% shareholder. Crystal, founded in 1992, manages around €22 billion AUM (pro forma for recent acquisitions) and said the investment will support growth in France and internationally, including significant investments in digital and AI. The transaction is subject to regulatory and antitrust approvals.

Silver Investment Partners Acquires Stake in Crystal GmbH from SHS

June 22, 2021

Medical Devices

Silver Investment Partners (SIP) has acquired the stake in Berlin-based Crystal GmbH from healthcare investor SHS. The investor transition will support Crystal's planned growth — development of new products, expanded production capacity and increased international sales — while SHS completes its exit.

Saint-Gobain to acquire Chryso from Cinven

May 20, 2021

Building Products

Saint-Gobain has agreed to acquire Chryso, a global specialist in construction chemicals, from private equity firm Cinven. Headquartered in France, Chryso operates 35 industrial sites and five R&D centres, employs about 1,300 people and serves customers across more than 100 countries; the transaction is expected to close in the second half of 2021 subject to customary approvals.

Skyview Capital Acquires Digital Lumens and Encelium Lighting Solutions from OSRAM

September 24, 2021

Industrial Services

Skyview Capital acquired the Digital Lumens and Encelium lighting solutions businesses from OSRAM Licht AG and formalized the combined business as Digital Lumens, Inc. The private equity firm will invest to accelerate growth, expand product and service capabilities across IoT/connected lighting and grow the company's commercial and industrial customer base.