Ventizz Capital Partners Acquires CardFactory AG, a Leading Manufacturer of Smart Cards
Düsseldorf, 25th January 2006
Ventizz Capital Partners Advisory AG announces the acquisition of a majority position in CardFactory AG, a leading manufacturer of smart cards by Ventizz Capital Fund III, L.P.. The previous shareholders a consortium headed by Business Angels Dr. Cornelius Boersch and Friedrich von Diest sold all of their shares in CardFactory AG.
CardFactory AG, located in Oldenburg/North Germany, was founded in 2000 as a holding for the operating subsidiaries Novacard GmbH (Oldenburg, Germany), Novacard do Brasil Ltda. and Utility do Nordeste S.A. (Campinas and Ilheus, Brasil) and Hellenic Smart Card Corporation S.A. (Athens, Greece) with a total of 140 employees. CardFactory AG is an innovative manufacturer of high-tech smart cards, it is a technological market leader in biometric cards and the owner a significant IP-portfolio with several patents. CardFactory AG combines own technologies and know-how with standard components of well-known suppliers. It has therefore the ability to offer a wide choice of products adapted to the customers´needs. The product range comprises contact, contactless and multi-functional chip cards.
Ventizz Capital Fund III L.P. intends to back the company for future accelerated growth. With its high-quality products CardFactory is excellently positioned in the smart card industry and we see a very good potential for substantial growth, also in the markets outside Europe" Willi Mannheims, Managing Partner at Ventizz, describes the company.
With this transaction Ventizz Capital Partners continues to follow the investment strategy, to focus on high-tech companies with extraordinary growth opportunities. The managing partners of Ventizz are convinced, that the acquired company offers again the opportunity to generate above average returns for their fund investors.
Ventizz Captial Fund III L.P. was legally advised by Ashurst, Frankfurt
About Ventizz Capital Partners:
Ventizz Capital Partners Advisory AG is a private equity company in Düsseldorf, which was founded in 2000 and advisesfunds, which invest in small and medium-sized high-tech companies with extraordinary growth opportunities. The three general partners of Ventizz, Dr. Helmut Vorndran, Reinhard Löchner and Willi Mannheims, today advise three funds with a combined capital of Euro 150 million. Until today Ventizz has invested into 19 companies with unique technological advantages.
About CardFactory AG:
CardFactory AG was founded in 2000 with its headquarter in Oldenburg/North Germany. The subsidiaries of CardFactory group are: Novacard Informationssysteme GmbH (Oldenburg, Germany, 60 employees), Novacard do Brasil Ltda. and Utility do Nordeste S.A. (Campinas and Ilheus, Brasil, 30 employees) and Hellenic Smart Card Corporation S.A. (Athens, Greece, 50 employees). CardFactory AG is an innovative manufacturer of high-tech smart cards with a sales network in Europe, Asia, North and South America.
For further information please contact:
VENTIZZ Capital Partners Advisory AG
Dr. Helmut Vorndran
CEO / Managing Partner
Tel.: +49 - (0)211 - 862 869 - 0
Mr. Jörg Zilligen, Member of the Board
Phone: +49 (0)441 920 68 - 47