Partnered with management to establish a corporate
carve-out as a strong stand-alone company, restructure
manufacturing footprint and invest in new products and
technology during an economic downturn to grow
business and lower cost base leading to a successful
initial public offering in 2012
CCMP invested in Edwards, a leading global manufacturer of highly engineered vacuum products, in 2007. Edwards manufactures and services high-performance vacuum pumps and equipment for industrial processes.
Opportunity and Why CCMP
- Experience in complex carve-outs
- A market leader with “best-in-class” product technology
- Strong growth and operational improvement prospects
Value Creation
- Invested in R&D and technology during economic downturn to launch new line of leading GEN4 products
- Transferred manufacturing footprint to be closer to customers
- Utilized CCMP network to augment management team and board of directors
- Executed accretive disposal of non-core assets
Results
- Increased revenue and structurally lowered cost basis significantly increasing EBITDA margin during CCMP’s ownership
- Initial public offering in 2012 (NASDAQ: EVAC) and eventual sale to Atlas Copco AB
