Argand Partners, LP ("Argand"), the New York- and San Francisco Bay Area-based private equity firm, today announced that it has completed the acquisition of Cherry GmbH ("Cherry"). Argand acquires market-leading specialty manufacturing and business services companies with sustainable competitive advantages and strong growth potential.

Cherry is the world's leading global designer and manufacturer of high precision keyboard switch technology for PC gaming and professional use computing peripheral products. The company designs and manufactures premium key switches for mechanical keyboards, branded gaming peripherals, computer input devices (including mice and headsets), and products for security, point of sale and e-Health applications. Headquartered in Germany, Cherry operates across a global footprint of state-of-the-art manufacturing facilities and corporate offices in Europe, Asia, and the U.S. Cherry has a reputation for "Made-in-Germany" quality, performance and reliability and enjoys significant brand equity with customers.

Argand's investment in Cherry is supported by long-term growth in the global PC gaming market and the on-going digitalization of healthcare. Cherry has experienced a boost from 'stay-at-home' social policies and 'work from home' corporate trends that are accelerating the adoption of PC gaming and home-based office computer peripherals.