Key Takeaways
- • Bain Capital has agreed to acquire a controlling stake in Somacis, an Italian manufacturer of high-complexity printed circuit boards (PCBs), from current majority shareholder Chequers Capital, with Chequers and the management team reinvesting alongside Bain.
- • Somacis specializes in high-mix, low-volume, mission-critical PCBs serving Aerospace & Defence, MedTech, Datacentres/AI, and Industrial Technology end-markets, operating a global footprint of five state-of-the-art facilities across Europe, North America, and Asia.
- • The acquisition is positioned to capitalize on long-term re-shoring tailwinds that increase demand for PCBs manufactured in the US and EU, leveraging Somacis' established engineering capabilities and client proximity advantage.
- • Founded in 1972, Somacis has grown through organic investments and strategic acquisitions, offering integrated services spanning R&D prototyping, ramp-up production, and end-to-end manufacturing across the full value chain.
- • Deal terms, including valuation and transaction structure details, were not disclosed; CEO Giovanni Tridenti will continue leading the business following the transaction.
Summary
Bain Capital announced on August 7, 2024, its agreement to acquire a controlling stake in Somacis, an Italian-headquartered manufacturer of high-specification printed circuit boards, from existing majority investor Chequers Capital. Chequers will reinvest in the company alongside Somacis' management team, led by CEO Giovanni Tridenti. The acquisition reflects Bain Capital's continued focus on industrial technology and aerospace & defence sector consolidation.
Somacis manufactures high-mix, low-volume PCBs tailored to mission-critical applications across multiple high-performance end-markets. The company's primary sectors include Aerospace & Defence, MedTech, and Datacentres/AI applications, with additional exposure to Industrial Technology. The business operates a comprehensive value chain model, encompassing R&D prototyping services, production ramp-up, and full-scale end-to-end manufacturing. This integrated service model positions Somacis as a systems provider rather than a pure component manufacturer.
The company's global footprint consists of five state-of-the-art manufacturing facilities distributed across Europe, North America, and Asia. Somacis was founded in 1972 and has expanded significantly in recent years through both organic capital investments and selective, strategy-aligned acquisitions. The company's competitive positioning centers on strong engineering expertise and proximity to key customers—a critical advantage in high-complexity PCB manufacturing where client collaboration during design and production phases drives quality and time-to-market outcomes.
Ivano Sessa, Partner and Co-Head of European Industrials at Bain Capital, stated that Somacis is well-positioned to benefit from "sustainable long-term re-shoring tailwinds which increase the demand for PCBs manufactured in the US and EU." This rationale reflects broader geopolitical and supply-chain trends favoring nearshoring of advanced electronics manufacturing, particularly for defence, aerospace, and medical-device applications. Transaction valuation and other financial terms were not disclosed by either party.
Somacis manufactures high-mix, low-volume PCBs tailored to mission-critical applications across multiple high-performance end-markets. The company's primary sectors include Aerospace & Defence, MedTech, and Datacentres/AI applications, with additional exposure to Industrial Technology. The business operates a comprehensive value chain model, encompassing R&D prototyping services, production ramp-up, and full-scale end-to-end manufacturing. This integrated service model positions Somacis as a systems provider rather than a pure component manufacturer.
The company's global footprint consists of five state-of-the-art manufacturing facilities distributed across Europe, North America, and Asia. Somacis was founded in 1972 and has expanded significantly in recent years through both organic capital investments and selective, strategy-aligned acquisitions. The company's competitive positioning centers on strong engineering expertise and proximity to key customers—a critical advantage in high-complexity PCB manufacturing where client collaboration during design and production phases drives quality and time-to-market outcomes.
Ivano Sessa, Partner and Co-Head of European Industrials at Bain Capital, stated that Somacis is well-positioned to benefit from "sustainable long-term re-shoring tailwinds which increase the demand for PCBs manufactured in the US and EU." This rationale reflects broader geopolitical and supply-chain trends favoring nearshoring of advanced electronics manufacturing, particularly for defence, aerospace, and medical-device applications. Transaction valuation and other financial terms were not disclosed by either party.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.