Artemis Capital seals ‘long-sought’ platform purchase with Maury Microwave buyout

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Industrial tech-focused buyout house Artemis Capital Partners sealed a deal for RF calibration, measurement, and modeling solutions business Maury Microwave.

Maury, which was founded in 1957, provides turnkey measurement and modeling device characterization solutions for semiconductor tech development, integrated circuit design and design-validation test, and cables assemblies and adapters designed to reduce measurement uncertainties.

Artemis principal and newly named Maury board member Euan Milne said the deal represented an optimal, long-sought platform to build and serve the ever-growing RF demand in defense, space, and commercial markets.

Firm managing partner James Ward said, “We have long believed that innovation in high frequency RF technologies – including the test, measurement, and interconnect devices that enable it – is accelerating larger, long-term, improvements in human connectivity, security, and mobility.”

Boston-based Artemis closed its second fund dedicated to industrial technology investment on its hard cap in 2019, although did not reveal how much it actually raised for the fund.

The firm was looking to raise up to $60m for Artemis Capital Partners II according to a US securities filing from April 2017.

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