Fidelium Partners has acquired Summit Research Labs (SRL) Dental GmbH in a carve-out from ELEMENTIS plc (ELM.L)

Based in Ludwigshafen, Summit Research Labs (SRL) Dental GmbH is a leading manufacturer and distributor of gypsum-based products and special alloys for dental and medical technology applications, 3D printing as well as technical mould design. Since the middle of the 19th century, SRL has been engaged in the production of alpha hemihydrate. Over the years, the product range has developed steadily towards today's focus on dental and special technical applications. The company's outstanding reputation for quality and manufacturing expertise is reflected in its diversified and loyal customer base. As of today, SRL Dental sells its products under its own brand in more than 75 countries.

"With its specialized product range, SRL holds a leading position in an attractive growth market. As an operationally engaged investor, we will actively support the management team in transforming the company into a stand-alone SME and - together with the entire workforce - realize its full growth and earnings potential. We are looking forward to this.", commented Rafal Grabarkiewicz, Managing Partner at FIDELIUM, on the transaction.

Oliver Hagedorn, CEO of SRL, added: "With FIDELIUM we will now focus on further positioning SRL as an independent company, using the new degrees of freedom along with a clear strategy and increased agility to extend our market position in the dental and technical segments. The management and employees are looking forward to actively shape this exciting opportunity in an independent environment".

About Fidelium Partners

Fidelium is an internationally oriented private equity firm backed by a number of German business families. Long-term assets of EUR 103 million are available for acquisitions, follow-on investments, and add-ons. Unlike most financial sponsors, we invest in companies that are currently facing significant operational challenges. Growth and stable cash flows are our goal, but rarely in place already. Our objective is to improve the business and secure its long-term growth. Hereby, we focus on the acquisition and development of companies with significant value-creation potential, that can benefit from our operational engagement.

About Elementis

Elementis is the parent company of Summit Research Labs Dental GmbH. Headquartered in London, the company is one of the UK’s leading suppliers of specialty chemicals.