Precision Swiss Products Assets Acquired by GCM in Strategic Purchase
Deal News | Jan 10, 2025 | Ropes & Gray
In a strategic move, GCM, a leading supplier of complex manufacturing services to the medical and aerospace sectors, has acquired certain assets from Precision Swiss Products. The transaction was disclosed in a press release dated January 7. Ropes & Gray, a well-regarded law firm, served as GCM's legal advisor for the acquisition. GCM, known for its precision machining, fabrication, and integration services, aims to reinforce its market position through this acquisition. The legal team from Ropes & Gray included private equity and business restructuring specialists, underscoring the complexity and strategic nature of the deal.
Sectors
- Manufacturing
- Aerospace & Defense
- Healthcare Equipment & Services
- Legal Services
Geography
- United States – GCM and Ropes & Gray are based in the US, indicating that the transaction primarily involves entities located within the United States.
Industry
- Manufacturing – The acquisition involves companies engaged in precision machining and advanced manufacturing services, particularly for OEMs in the medical and aerospace markets.
- Aerospace & Defense – GCM supplies complex manufacturing services to aerospace markets, making this industry relevant to the acquisition.
- Healthcare Equipment & Services – GCM's focus on medical sectors aligns the acquisition with this industry, particularly through the advanced equipment and technology services provided.
- Legal Services – Ropes & Gray, serving as the legal advisor, highlights the role of the legal industry in facilitating such transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GCM | Acquirer | Company | A preferred supplier of complex manufacturing services to OEMs in the medical and aerospace sectors. |
| Precision Swiss Products | Target | Company | Provider of technical machining solutions whose assets were acquired by GCM. |
| Ropes & Gray | Legal Advisor | Company | Represented GCM in the acquisition, offering expertise in private equity, business restructuring, debt finance, and tax. |
| Bob Rivollier | Private Equity Partner | Person | Led the Ropes & Gray legal team on the GCM transaction. |
| Jeremy Zucker | Associate | Person | Part of the Ropes & Gray team working on the transaction. |
| Matt Roose | Business Restructuring Partner | Person | Provided business restructuring expertise for the deal. |
| Patty Chen | Counsel | Person | Office counsel with Ropes & Gray involved in the transaction. |
| Arek Maczka | Debt Finance Partner | Person | Provided debt finance advice as part of the transaction. |
| Benjamin Rogers | Tax Partner | Person | Provided tax-related counsel for the acquisition. |