M&A DealNews Nicolay

The image appears to depict a setting in a hospital operating room. Here's a breakdown:

1. **Background Setting:**
- The room in the image seems to be that of a surgical or medical environment, characterized by bright lighting and antiseptic cleanliness typical of an operating theatre.
- Walls are a shade of green, which might be a common color choice for medical facilities.

2. **Electronics and Medical Equipment:**
- Electronic displays are part of the fixtures that dot the room, providing essential readouts or monitoring data.
- There are various medical instruments and equipment that are likely used in surgical procedures.

3. **Human Figure and Medical Apparatus:**
- In the center, there is a silhouette or figure that resembles a human, possibly illustrating the use of certain medical technologies.
- Surrounding this human figure, there seem to be medical apparatuses or devices attached, suggesting it might be demonstrating the use of modern medical technology or surgical processes.

4. **Interactive Technology Elements:**
- There are graphic elements that could suggest interaction between the technology and human anatomy, possibly highlighting ways that medical instruments, artificial intelligence, or electronic elements integrate with healthcare practices.

Overall, the image seems to showcase an advanced medical scene, possibly focusing on technology used in surgeries or medical examinations. The presence of digital elements might further imply a fusion of technology and health practices, emphasizing the future of medical treatments.

NICOLAY Group

Succession solution with reverse participation in expanding Medtech group

Successful execution of a competitive bidding process

DZ BANK AG advises the shareholders of the NICOLAY Group on the sale to the GPE Group held by financial investor capiton.

At the beginning of 2020, NICOLAY was sold to the GPE Group. Thanks to the professional advice of the DZ BANK M&A team, a successful succession solution was found for the owner families around Dr. Christof and Oliver Muz in a competitive bidding process. Through a re-investment in the form of a minority share in the newly-formed Group, the shareholders continue to participate in the growth opportunities of their company.

The NICOLAY Group is a technology leader and vertically integrated manufacturer of medical cables, cable systems and connectors based in Nagold. NICOLAY's core competence is the development and manufacture of products in the field of non-invasive patient monitoring. Its customers include leading medical technology companies such as Biosense Webster, Philips and Sensirion.

The GPE Group is a specialist for systems and components with a focus on medical technology and is owned by the German investment company capiton. With this acquisition, the company will implement a significant growth step, gain market access in the field of cardiology and pulmonology as well as competencies in product development.

NICOLAY ist Spezialist für Produkte der nichtinvasiven Patientenüberwachung

The image depicts a large industrial complex, possibly a factory or manufacturing plant.

### Key Elements of the Image:

1. **Structures & Layout**:
- A large rectangular building with multiple sections.
- Flat rooftops, typical of industrial facilities.
- A smaller adjoining structure with a curved roof, suggesting specialized use or design.

2. **Surrounding Elements**:
- Paved parking lot next to the buildings, with rows of parked vehicles.
- Access roads leading to and from the parking area.
- Green fields and wooded areas surrounding the complex, indicating a countryside or semi-urban location.

3. **Additional Features**:
- The parking area is filled with a variety of vehicles.
- The presence of landscaped vegetation around the buildings suggests organizational focus on aesthetics and environment.

This image provides an aerial view of what appears to be a functioning industrial site, demonstrating standard elements such as infrastructure, transportation, and integration with the natural landscape.

NICOLAY is a specialist for non-invasive patient monitoring products

NICOLAY Group headquarters in Nagold, Baden-Württemberg

Thanks to a process professionally organized by DZ BANK, we have succeeded in finding a forward-looking succession solution for the company in the form of the purchaser GPE. DZ BANK's knowledge of the market and the consideration and implementation of our personal goals were essential for the success of the transaction.

Dr. Christof Muz, Managing Partner of the NICOLAY Group

"The companies NICOLAY and GPE complement each other perfectly in their different areas of expertise. This acquisition will enable us to better meet the increasing market demand for complex parts and components from a single source," says Steven Anderson, Managing Director of the GPE Group. "With GPE, we have gained a strategic partner who shares with us the same values of quality and customer orientation," adds Dr. Christof Muz, Managing Director of the NICOLAY Group. The contact to the shareholders of the NICOLAY Group was initiated by Mr. Ralf Gottschalk, member of the board of Volksbank Herrenberg-Nagold-Rottenburg eG.

Dr. Wolfgang Wybranietz, DZ BANK

"Our many years of experience in accompanying succession situations enables us to realize the best possible result for our clients. In this case, the two managing partners will remain involved and remain operationally active".

Dr. Georgi Bontschev, DZ BANK

"We are pleased that with NICOLAY Group we were able to advise one of the most important German market participants in the field of medical sensors, cable and connector systems on the sale of the company. With GPE as the new majority owner, a successful succession solution and a significant step for the successful and sustainable further development of the NICOLAY Group has been achieved.“