Catchment Capital (Catchment), a private equity firm focused on middle market industrial businesses, has agreed its inaugural deal – a majority investment in Fidus Systems, a provider of electronic and embedded system design services.
Fidus management is investing alongside Catchment in the transaction.
Founded in 2001 and headquartered in Ottawa, Ontario, Canada, Fidus serves blue-chip companies across a diverse set of end markets, focussing on high-complexity embedded design services including FPGAs and ASICs, embedded software, hardware, layout and printed circuit boards, signal and power integrity, mechanical and thermal as well as radio frequency and providing validation and testing services. Fidus serves customers in the aerospace & defence, automotive, communications, computing & storage, consumer electronics, general industrial medical device, and semiconductor equipment industries.
The transaction is expected to close later this month, subject to customary closing conditions.
TD Cowen is serving as financial advisor to Catchment, and Blakes, Cassels & Graydon LLP and Gibson, Dunn, & Crutcher LLP are serving as legal counsel. Sampford Advisors is serving as financial advisor to Fidus and LaBarge Weinstein LLP is serving as legal counsel.
