L Squared Portfolio Company United Scope Acquires Euromex Optics Group
Newport Beach, CA, June 26, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, United Scope, has acquired Euromex Optics Group, a Netherlands-based provider of optical microscopes, optical components and related accessories. The transaction was both sourced and led by L Squared and represents another example of L Squared’s ability to complete accretive acquisitions across its portfolio companies. L Squared continues to actively seek additional add-ons for United Scope serving the microscopy, lab accessories and related optical component markets.
Euromex Optics Group has two distinct business lines, Euromex Microscopen and Physix Photonics. Euromex Microscopen designs and produces high-end optical microscopes, microscopy cameras and related accessories sold primarily through a network of 900+ dealers across more than 100 countries. Physix has developed a niche supply model for optical and opto-mechanical components serving OEMs across a variety of end markets.
“We are very excited about our partnership with Euromex Optics Group,” said Randall Hunt, L Squared Partner and United Scope Board Director. “The acquisition of Euromex increases our ability to serve the European microscopy market and expands our addressable market by adding a new product line through Physix Photonics. Euromex is well aligned with our strategic plan of solidifying United Scope’s position as the leading provider of microscopy solutions and related optical components worldwide. We remain committed to providing the capital, experience and strategic resources to accelerate geographic growth initiatives and pursue additional acquisitions.”
“Euromex is pleased to partner with United Scope and the L Squared team to offer the most complete suite of microscopy and optical components to our customers around the globe,” said Cees Willemse, Managing Director of Euromex Optics Group. “We believe that United Scope is the right U.S. partner to help launch our products in North America. United Scope shares our mission to provide best-in-class quality at affordable prices and excellent customer service.” Cees Willemse and the senior leadership team at Euromex will continue in their current roles to support the growth initiatives of the combined platform.
For Additional Information Please Contact:
Office: (949) 398-0172
About United Scope
Headquartered in Irvine, CA, United Scope is a rapidly growing provider of microscopes, microscope cameras, and microscope accessories. The company’s products are designed for professionals, students, and hobbyists and are used in laboratories, research facilities, businesses, schools and universities throughout the world. The company prides itself on providing high quality products, unbeatable prices, the largest selection, and personalized customer service worldwide. Comprised of both online and offline divisions, United Scope goes to market under the AmScope, OMAX, Euromex, Q Scope, and iQCrew brands. For additional information, please visit www.AmScope.com or www.Euromex.com.
About L Squared Capital Partners
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make $40 to $100 million equity investments in leading growth companies that operate in targeted sectors: Industrial Technology & Services, Education Technology, and Tech-Enabled Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.
This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.