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Lafayette Mittelstand Capital acquired a majority stake in Diametal Group, a Swiss supplier of high-precision cutting tools and wear parts, effective January 1, 2025, to support international expansion.
AQ Group has agreed to acquire mdexx inductive electronics GmbH, mdexx Magnetronic Devices GmbH, mdexx Magnetronic Devices s.r.o., and Michael Riedel, Transformatorenbau GmbH from Lafayette Mittelstand Capital. The enterprise value is approximately 5x EBITDA for fiscal year 2023 on a cash and debt-free basis, with closing expected in Q1 2025.