Harris Williams & Co. Ltd Advises the Shareholders of exocad GmbH on its Sale of a Majority Stake to The Carlyle Group

September 26, 2016

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, has exclusively advised the shareholders of exocad GmbH (exocad), a provider of CAD/CAM (Computer Aided Design/Computer Aided Manufacturing) software for the dental industry, on its sale of a majority stake to The Carlyle Group (Carlyle; NASDAQ: CG). With the acquisition, Carlyle continues its history of partnering with sector leaders with strong management teams, looking to accelerate the next stage of their growth. The transaction was led by Jeffery Perkins, Lars Friemann and Stephan Döring of  Harris Williams & Co.’s Frankfurt office as well as Thierry Monjauze and Samuel Hendler of the firm’s Technology, Media & Telecom (TMT) Group.

Fraunhofer-Gesellschaft, acting through Fraunhofer Venture, will completely exit its stake in exocad, while the founders will remain significant shareholders in the company.

exocad is a dynamic and innovative dental CAD/CAM software company committed to expanding the possibilities of digital dentistry and providing its distribution partners flexible, reliable and easy-to-use software. exocad's technology enables system integrators to turn equipment into comprehensive, class-leading solutions. The company is headquartered in Darmstadt, Germany, and has five offices worldwide. exocad was spun out of the Fraunhofer Institute for Computer Graphics Research IGD in 2010 and it has since established itself as a leading independent developer of dental CAD/CAM software solutions. Its products are sold via a diversified network of partners and system-integrators as part of OEMs’ CAD/CAM equipment across more than 120 countries worldwide.

Fraunhofer Venture is a department of Fraunhofer-Gesellschaft, and partner for founders, start-ups, Fraunhofer Institutes, industry and venture capital investors.

Carlyle is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense and government services, consumer and retail, energy, financial services, healthcare, industrial, real estate, technology and business services, telecommunications and media and transportation. Carlyle employs more than 1,650 people in 35 offices across six continents.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co. Ltd is a private limited company incorporated under English law having its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales under company number 7078852. Directors: Mr. Ned Valentine, Mr. Paul Poggi, Mr. Thierry Monjauze and Mr. Aadil Khan, authorized and regulated by the Financial Conduct Authority.