Equistone-backed Sihl Group bags Trichord

• Sihl Group has secured full ownership of Trichord’s technology and consumables
• Equistone acquired majority stake in Sihl in 2016
• Equistone is a mid-market private equity firm based in London

Sihl Group, a portfolio company of Equistone Partners Europe, has acquired Trichord via its subsidiary Perigon. No financial details of the transaction were disclosed.

Trichord is a technology company based in Surrey, England.

Perigon was formed as a joint venture by Sihl Group and Trichord.

Sihl Group has secured full ownership of Trichord’s technology and consumables with this acquisition.

The transaction is Sihl’s second acquisition since Equistone acquired a majority stake in the company in 2016. Sihl acquired US-based Diezgen Corp in December 2021.

Stefan Maser, David Zahnd and Roman E Hegglin led the transaction on behalf of Equistone.

“With this acquisition, we are laying the foundation for the global expansion of our strategic Surface Decorations division,” said Peter Wahsner, CEO, Sihl Group.

Sihl is a technology company based in Bern, Switzerland.

Perigon is a provider of a process for industrial, full-area printing of complex 3D objects. The company is based in North Rhine-Westphalia, Germany.

Equistone is a mid-market private equity firm that invests in businesses with enterprise values of between €50 and €500 million. The firm is based in London.

Sihl was advised on the transaction by Deloitte (financial), Bär & Karrer (legal & tax Switzerland), Addleshaw Goddard (legal UK) and Goodwin (financing).