Goodwin advises Summit Partners on sale
Goodwin has successfully advised Summit Partners on the sale of its shares in ELATEC to Allegion for 330 million Euro, completing a significant transaction that is set to close in the third quarter of 2025
Established in 1984, Summit Partners is a prominent global alternative investment firm managing over 32 billion US Dollars in capital, predominately investing in technology, healthcare, and life sciences. The firm has built a robust portfolio, having invested in more than 700 companies worldwide.
ELATEC stands out as a leading provider of solutions for short-range wireless readers and writers, specialising in flexible RFID technology. In contrast, Allegion, a global leader in the security and access industry, operates over 30 brands across 120 countries, emphasizing security solutions centred around doorways.
Leading Goodwin’s transaction team was Dr. Jan Schinköth, a partner in Munich. He was supported by a diverse range of specialists including Sebastian Walczak, Silvia Rava, Nadja Einwächter, Tobias Schulz, Felix Krüger, Philipp Lauer, Folko Moroni, Jakob Lutzenberger, Nadine Gommel, Bastian Schmack, Gretchen E. Scott, Eram Khan, Anuj Ghai, Steven E. Clemens, Annelise Wexner, James Mattus, and Qiuyu (Zoe) Li. This comprehensive team brought together expertise across various sectors, enhancing the success of the transaction and reinforcing Goodwin’s position within the industry