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Anzu Partners sells Axsun Technologies to Excelitas Technologies

Private equity firm Anzu Partners completed the sale of Axsun Technologies LLC to electronics maker Excelitas Technologies Corp.

The terms of the transaction were not disclosed. Axsun develops and supplies micro-electromechanical systems-, or MEMS-based optical engines for the medical imaging, industrial spectroscopy and optical telecommunications industries.

Needham & Co. LLC served as financial adviser, while Cooley LLP and Neal Gerber & Eisenberg LLP served as counsel, and WIPFLi LLP served as accountants for Axsun in the transaction.