19. Mai 2010
This year Ventizz is going to celebrate its 10th birthday! This is a major highlight for us, and we are proud of the milestones we have reached so far. We hope to keep on delivering good news for the next 10 years and beyond. Since we published our last newsletter in the fall of 2009, there have been a lot of positive changes in the business world. The global economy is recovering step by step. An increasing number of companies and private equity firms are regaining their confidence. Not only the business environment is brightening, but also we are gaining speed: In early spring of 2010 Ventizz Capital Fund IV L.P. invested in two very promising companies. The acquisition of a 44.2% interest in conlinet, a provider of turnkey glass-fiber infrastructure solutions, marks the first buy after a long period of market since the summer of 2008! A short time after that we acquired Sovello, which used to be a business of the solar companies Q-Cells, REC and Evergreen. We are confident that both companies will reach remarkable positions in their sectors. Not only because we will provide them with support to help them succeed. But because promising demand will fuel strong growth. Now, we would like to wish you lots of pleasure reading the articles we have prepared for you in the latest issue of the Ventizz Newzz!
Dr. Helmut Vorndran, Reinhard Löchner, Willi Mannheims and the entire Ventizz team
DEALS I: Ventizz Capital Fund IV L.P. acquires equity interest in conlinet
Ventizz Capital Fund IV L.P. has acquired a 44.2 % interest in conlinet Holding, Essen, a provider of turnkey glass-fiber infrastructure solutions and fiber-to-the-home networks. conlinet specializes in building broadband networks and offers its customers end-toend services from consulting through to project management and also maintenance and network security. The conlinet Group itself has also participated in open access networks in German cities since 2009.
DEALS II: Acquisition of Sovello AG closed
The owners of Sovello AG signed a contract with Ventizz Capital Fund IV, L.P. to sell 100% of their interest in Sovello to the fund. In the course of this transaction, Ventizz plans to increase the company’s equity by an amount in the double-digit million Euro range and to largely eliminate the company’s debt. The change in ownership has been approved by the participating financial institutions as well as antitrust, government and local authorities. Before the deal, the shareholders Evergreen Solar Inc, Q-Cells SE and REC ASA each held 33.3 % of Sovello.
TEAM OF EXPERTS: Additional staff
Ventizz Capital Partners has added two more professionals to its newly formed subsidiary Ventizz Management Consulting AG in St. Gallen/Switzerland, which is already operating successfully. The two consulting experts Dr. Bernd Loeser and Marc Beermann recently started supporting Guido Bollue’s team in increasing value at the portfolio companies.
EVENTS: Private Equity Dinner goes on!
Our “Private Equity Dinner with Ventizz” events held in 2009 were a huge success, and 2010 has already seen two more dinners in Berlin und Zurich. In the second half of the current year, the “Private Equity Dinner” will take place in Munich, Vienna and Frankfurt. All in all, we were joined by 240 participants during the six dinners held in 2009, including colleagues from Corporate Finance as well as the Private Equity sector.
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