LONDON – Private investment firm Bain Capital has announced the acquisition of a controlling stake in Somacis, an Italian PCB manufacturer, from Chequers Capital.

Chequers will reinvest into the company alongside the management team, led by CEO Giovanni Tridenti. Other terms of the deal were not disclosed.

Somacis was founded in 1972, and specializes in high-mix/low-volume, high-specification and mission-critical PCBs. The company serves various high-performance markets such as aerospace & defense, MedTech, and data centers/AI, among others, and operates across the full value chain, offering R&D prototyping, ramp-up and end-to-end production. The company has a global footprint composed of five facilities in Europe, North America and Asia.

"Given its strength in the market, Somacis is well positioned to benefit from sustainable long-term re-shoring tailwinds which increase the demand for PCBs manufactured in the US and EU," said Ivano Sessa, partner and co-head of European Industrials, Bain Capital. "We are pleased to back one of the leaders in its field."

"I would like to thank Chequers for their valuable partnership and outstanding work over the past years and am pleased that they will remain invested alongside our fully committed management team as we are joined by Bain Capital," said Tridenti. "We are excited for Bain Capital to bring its expertise in international development and operational capabilities to further enhance our global reach and help us fulfil our long-term ambitions, which are underpinned by a mix of organic and inorganic strategic growth initiatives, and on the strengthening of the value-add proposition to our customers."

"Over the past years, we have worked alongside the Somacis management team to strengthen the company’s operations and positioning and to make strategic acquisitions," said Philippe Guérin, managing partner, Chequers Capital. "We are very pleased to reinvest alongside Bain Capital and such an excellent management team with the goal to become the number one global player in our segment."

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