Proventis Partners advises Microdiamant on the acquisition of Eminess Technologies.

Zurich, December 3, 2020 – Proventis Partners advised Microdiamant AG (“Microdiamant”) on the acquisition of Eminess Technologies, LLC (“Eminess Technologies”). Together the two companies will form the new Pureon group to become the leading global supplier of surface finishing solutions for high-tech materials.

About the transaction

Microdiamant, leading specialist for diamond-based solutions for fine grinding, lapping and polishing of high precision surfaces, is one of the “hidden champions” of Eastern Switzerland. Now Microdiamant acquires US-based Eminess Technologies to continue to grow in several dimensions. The company is thus significantly expanding its international presence and its range of products and solutions in one go and secures a key position in high-growth market segments.

In recent years, Microdiamant, managed by brothers Martin and Daniel Spring in the third generation, has invested heavily in organic growth. With the acquisition of Eminess Technologies, the company is now going one step further: It is doubling the number of employees to 120 and strengthening the strategic expansion of its business. The acquisition will secure Microdiamant better access to the U.S. market while in turn giving Eminess better access to the European and Asian market. The merger also taps into growth opportunities in the semiconductor industry, which is benefiting from the expansion of electric mobility and 5G / IoT. The two companies’ complementary product ranges and combined know-how will enable them to offer seamless surface finishing solutions for key industries such as compound semiconductors, electronics, optics, precision engineering, luxury goods, medical technology.

Role of Proventis Partners

Proventis Partners advised Microdiamant throughout the entire M&A process. Services provided included the financial und qualitative evaluation of Eminess, as well as support during due diligence and negotiation of the transaction.

About Microdiamant

Microdiamant is one of the world’s leading manufacturers of solutions for precision surface finishing of high-tech materials. The markets for the diamond-based abrasive products include the electronics and optics industry, luxury goods, medical technology, and the precision industry. The product range includes micron diamond powders, suspensions, pastes, diamond grinding pads and polishing pads. Microdiamant is a privately held company based in Lengwil, Switzerland. Its products are distributed globally through five company locations and a network of specialized partners in over 40 countries in Europe, the U.S. and Asia.

About Eminess Technologies

Founded in 2000, Eminess Technologies has become a technology leader specializing in advanced critical surface polishing consumables and process expertise. The company provides customers with insight, counsel, and integrated solutions via a high level of personal interaction. Eminess Technologies’ products include semiconductor-grade polishing pads, Ultra-SolTM slurries with various abrasives (alumina, colloidal silica, cerium oxide, diamond) as well as consumables for slicing, grinding, lapping, and cleaning. Eminess Technologies is a privately held company headquartered in Scottsdale, Arizona with manufacturing and distribution operations in Monroe, North Carolina and a sales and distribution facility in Frauenfeld, Switzerland. This manufacturing and distribution network has allowed Eminess Technologies to consistently grow and support the global marketplace.

About Proventis Partners

Proventis Partners is a partner-managed M&A advisory firm whose clients include mainly corporate groups, medium-sized family businesses and private equity funds. With 30 professionals, Proventis Partners is active in the sectors Industrials (notably Advanced Materials), Business Services, Consumer & Retail, TMT, Healthcare and Energy, and covers the German-speaking region with offices in Zurich, Hamburg, Cologne, and Munich. Through its exclusive membership in Mergers Alliance – the international partnership of lead- ing M&A specialists – Proventis Partners offers local market coverage in the 30 most important economies globally. The 20 members of Mergers Alliance, with more than 200 M&A professionals, offer Proventis Partners and our clients unique access to local markets in Europe, North America, Latin America, Asia and Africa.