Rivean Capital exits Muon Group to IDEX Corp

The deal is expected to complete in Q4 2022 for cash consideration of €700 million.

  • Muon Group is a micro-precision technology manufacturing company
  • Rivean has backed Muon Group since 2018
  • Muon has more than doubled its revenues in this time

Rivean Capital announced it has reached an agreement to exit Muon Group to IDEX Corporation for cash consideration of €700 million. The deal is expected to complete in Q4 2022. Muon Group is a micro-precision technology manufacturing company based in Eerbeek, Netherlands.

“Rivean Capital has supported Muon Group all the way on its journey of growth in the last four and a half years,” said Hein Ploegmakers, senior partner at Rivean Capital. “During this period Muon completed a multiyear investment programme and more than doubled its revenues. I am confident that IDEX will be an excellent home for Muon.”

Rivean Capital is a private equity firm headquartered in Utrecht. It was founded in 1982 and has assets under management of €3 billion. It looks to invest in companies in Austria, Belgium, Germany, Italy, the Netherlands and Switzerland with an enterprise value between €100 million and €500 million.

“With the support of Rivean Capital, Muon has been able to implement a strategic agenda positioning it for growth in the years to come,” said Michiel Barendse, CEO of Muon Group. “IDEX’s operating model and culture match ours well, and their scale and resources will help us achieve our targets faster.”

IDEX Corporation is based in Northbrook, Illinois and is a publicly traded company that designs, develops and manufactures fluidics systems and specialty engineered products.