SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in
transformational investments in established technology businesses, today
announced the sale of Gerber Technology, a leading provider of
integrated software and automated systems for the production of flexible
materials, to American Industrial Partners. Terms of the transaction
were not disclosed.
Headquartered in Tolland, CT, Gerber Technology provides integrated
software and system solutions to more than 78,000 customers across 130
countries in the aerospace, construction, furniture, fashion & apparel,
transportation, technical textiles, packaging, wind energy, and sign &
graphics industries. Gerber Technology’s products and services are used
by more than one-fifth of the Fortune 500.
In 2011, Vector Capital completed the take-private of Gerber Technology
and simultaneously divested Spandex, a non-core distribution business
segment, in order to focus on Gerber Technology’s core technology
offering. Over the past five years, with the support of Vector Capital,
Gerber Technology has undertaken significant growth and operating
enhancement initiatives, including investing heavily in innovation to
release new products across the solutions suite, streamlining supply
chain and manufacturing operations, and significantly expanding its
Commenting on the strategy, Michael Elia, CEO of Gerber Technology, said
“With the full support of Vector, we have invested to broaden our
product offerings and expand our global reach to provide customers with
automation solutions that reduce their time and expense to market.
Vector has been a great partner in transforming Gerber into a
world-class leader in automation solutions.”
Aalok Jain, Principal at Vector Capital, said “We are proud of what
Gerber has accomplished under the leadership of Mike Elia and wish
American Industrial Partners and the company continued success. Gerber
is emblematic of Vector’s long history of identifying strong, innovative
businesses and partnering with management to grow and transform them in
attractive niche markets.”
Robert W. Baird & Co. acted as financial advisor and Dechert LLP acted
as legal advisor to Gerber Technology and Vector Capital.
About Gerber Technology
Headquartered in Tolland, CT, Gerber Technology provides solutions that
enable the entire value chain for the production of flexible materials.
Gerber Technology’s products are used by companies in aerospace,
automotive, apparel, and industrial markets to speed production, improve
product quality, and lower manufacturing costs. Gerber Technology’s
solutions include CAD software for pattern design and grading, PLM
software for product portfolio management, and automated systems for
material preparation and production. Gerber Technology has over 78,000
customers in over 130 countries worldwide.
About Vector Capital
Vector Capital is a leading global private equity firm specializing in
transformational investments in established technology businesses.
Vector identifies and pursues these investments in both the private and
public markets. Vector actively partners with management teams to devise
and execute new financial and business strategies that materially
improve the competitive standing of these businesses and enhance their
value for employees, customers, and shareholders. Among Vector’s notable
investments are 20-20 Technologies, Aladdin Knowledge Systems, Allegro
Development, Cambium Networks, Certara, ChyronHego, CollabNet, Corel,
Emarsys, IPVALUE Management, LANDesk Software, Niku, Gerber Technology,
RAE Systems, Register.com, Saba Software, SafeNet, Technicolor,
Teletrac, Tidel, Triton Digital, VFO, and WatchGuard Technologies. For
more information, visit www.vectorcapital.com.
Gasthalter & Co.
Jonathan Gasthalter / Nathaniel Garnick