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VENTIZZ Capital Partners´ Portfolio Company PV Crystalox Solar PLC highly successfully floated at London Stock Exchange
22 June 2007
Ventizz Capital Partners, the Duesseldorf-based private equity advisory firm, announces the successful floatation of Oxfordshire-based PV Crystalox Solar PLC (PVCS), one of the key portfolio companies of Ventizz Capital Fund II, L.P. and Ventizz Capital Partners AG (Fund I). PVCS, initially established in the UK in 1982, is a highly specialised supplier to the world´s leadings solar cell manufacturers, producing multicrystalline silicon ingots and wafers for use in solar electricity generation systems. With the lead of JPMorgan Cazenove as the global coordinator and sole book runner, a total of 168.9 million PVCS shares were offered and have been several times oversubscribed. The share price was fixed at 130 Pence.
PVCS stocks started trading at the London Stock Exchange on June 6th, 2007 and closed on June 22nd, 2007 at 148.25 Pence, which is a 14% capital gain for new shareholders.
Both Ventizz funds have sold the majority of their shares in PVCS. The transaction represented an app. 11-times-multiple for the first Ventizz fund and an app. 5.5-times-multiple for Ventizz II.
About Ventizz Capital Partners:
Düsseldorf-based Ventizz Capital Partners was established in 2000 and is advising funds, which are investing in buy-outs and growth equity for small and medium sized high-tech companies in Western Europe. The three Managing Partners of Ventizz, Dr. Helmut Vorndran, Reinhard Löchner, and Willi Mannheims, are currently advising three funds with a total capital under management of € 220 million. To date, Ventizz funds have invested in 28 companies with a special focus in renewable energy/solar energy, high value added engineering, medical technology and ICT. Next to a variety of trade sales Ventizz has achieved three very successful IPOs since 2005.
Further information:
VENTIZZ Capital Partners Advisory AG
Dr. Helmut Vorndran
CEO and Managing Partner
Tel.: +49 – (0)211 – 862 869 – 0
E-mail: h.vorndran@ventizz.de
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