MiddleGround Capital wraps up buyout of Stemmer Imaging

• The firm launched a takeover offer for Stemmer in July
• MiddleGround is a Lexington, Kentucky-based private equity firm
• Stemmer is based in Puchheim, Germany

MiddleGround Capital has completed the voluntary public takeover offer of Stemmer Imaging, a provider of machine and artificial vision technology.

Stemmer provides the entire spectrum of machine vision services for both, industrial and non-industrial applications – from value-added services to the development of subsystems and its own products, based on an extensive commercial range of products. It is based in Puchheim, Germany.

Stemmer shareholders that have tendered their shares will receive €48.00 per share in cash for each tendered Stemmer share.

“Arne and the Stemmer Imaging team have built an impressive organization that harnesses the power of machine vision technology to deliver engineered solutions to meet the needs of a broad group of customers,” said John Stewart, managing partner of MiddleGround, in a statement. “We believe our ability to streamline operations and improve supply chain management will enable the company to focus on evolving its technology and capabilities to meet the needs of customers looking to benefit from machine vision technology.”

The firm launched a takeover offer for Stemmer in July.

MiddleGround is a Lexington, Kentucky-based private equity firm with over $3.7 billion of assets under management. It makes control equity investments in middle market B2B industrial and specialty distribution businesses.

Jefferies served as lead financial and debt financing advisor, Clifford Chance served as legal counsel, Alvarez & Marsal served as financial, tax and accounting diligence provider to MiddleGround Capital.

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