Champlain Capital Partners has sold its portfolio company Clarity Imaging Technologies, a laser toner cartridges company, to Turbon AG.
Clarity Imaging Technologies is a developer, marketer and distributor of branded OEM-compatible laser toner cartridges and outsourced printing services. Clarity’s patented “double yield” technology yields twice as many copies-per-cartridge as the comparable OEM cartridge, thereby lowering the overall cost-per-page by over 50%. Clarity’s products are marketed under the PageMax® brand and are compatible with all leading OEM printers. Clarity’s customers are predominantly blue-chip Fortune 500 companies and government agencies throughout the United States. The company is based in Saddle Brook, NJ (www.clarityimaging.com).
Turbon AG is a worldwide manufacturer and distributor of OEM-compatible laser toner supplies based in Hattingen, Germany (www.turbon-group.com).
Champlain Capital Partners invests in middle-market companies with revenues of $20 million to $100 million and EBITDAs of at least $3 million. Since 1992, the partners of Champlain have invested over $850 million in more than 50 companies. The firm has offices in San Francisco and Boston (www.champlaincapital.com).
Investment bank Prestwick Partners acted as the exclusive advisor to Clarity and Champlain Capital Partners. Prestwick provides lower middle-market companies with merger and acquisition advisory services. The firm focuses on sales of entrepreneur-owned businesses; private equity divestitures; corporate divestitures; private placements of debt and equity; and strategic and financial advisory assignments. Prestwick Partners was founded in 2003 and is located in Minneapolis (www.prestwickpartners.net).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-5-13
