Transaction details

Ethica Group alongside Microtest in the realization of the strategic partnership with Xenon Private Equity

Ethica Group, with the Ethica Corporate Finance and Ethica Debt Advisory teams, assisted Microtest, Italian leader in the design and production of semiconductor testing machines, in the creation of a strategic partnership with Xenon Private Equity.

Founded in 1999, Microtest has over time become the technological partner of some of the world’s leading semiconductor manufacturers, capable of developing innovative solutions thanks to a solid team of engineers and its own production flexibility. With the start of production of Automatic Test Equipment (“ATE”) in 2004, the company reached a milestone and expanded its range of services also to the “Test House” segment – strengthened by a direct presence in the Far East, with a branch in Malaysia. Microtest has grown steadily in recent years to reach a turnover of over € 20 million with an EBITDA margin of over 35%.

Microtest – thanks to the new partnership with Xenon, financial investor with a strong industrial background – has the ambition to build a pole of skills and excellence, which can become a reference partner for the international market of semiconductor manufacturers, benefiting the best of the underlying assets. structural trends and public investments.

Press release