Atlantic Bridge Announces Sale of Portfolio Company Nanotech Semiconductors Fourth portfolio exit for Atlantic Bridge I and second exit in the last 6 months Press Release. Dublin and London. 7 April 2011
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| Atlantic Bridge Announces Sale of Portfolio Company Nanotech Semiconductors Fourth portfolio exit for Atlantic Bridge I and second exit in the last 6 months Press Release. Dublin and London. 7 April 2011.
Atlantic Bridge today announces the sale of portfolio company Nanaotech Semiconductors to Gennum Corporation (TSX: GND) for a total consideration of for $34 million, with a potential earn-out of up to $6 million if certain revenue targets are achieved by Nanotech over the next 12 months. Nanotech is a fabless semiconductor company focusing on analog and mixed-signal integrated circuits for the fibre-optics communications marketplace. Since its initial investment in 2004, Atlantic Bridge has led or participated in all funding rounds, and is represented on the Board by founding partner Brian Long. This is the fourth exit transaction for the Atlantic Bridge I portfolio, out of a total of 12 investments, and the second exit transaction in the last six months. Atlantic Bridge has now achieved successful portfolio exits to strategic buyers in North America, Europe and Asia. Speaking at today’s announcement, Atlantic Bridge founding partner Brian Long said: “We are very pleased to have delivered attractive returns within a relatively short timeframe. Our confidence in increasing our equity position in the company last year has been validated.” Nanotech was founded by serial entrepreneur Gary Steele, who previously founded Acapella and Microcosm Communications. Nanotech specialises in developing low-cost, high-performance CMOS-based optical products and technologies for the fibre-optics communications market. Under Gary’s leadership, Nanotech has built up a very rich portfolio of technology and products, and has demonstrated strong growth momentum in recent years. Speaking at today’s announcement, Nanotech’s CEO Gary Steele said: “Atlantic Bridge has been a very supportive investor in Nanotech since 2004. Their expertise and professional contribution to the company, at both strategic and Board levels, have been very much appreciated.” Atlantic Bridge believes Nanotech will be a very complementary addition to Gennum’s existing offering, and will create one Note to of the industry's most compelling optical IC transceiver portfolios. Editors About Nanotech Based in the United Kingdom, Nanotech is a fabless chip company, focused on analog and mixed-signal ICs principally for fiber-optics based communications. About Gennum Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores to serve the rising global demand for high-speed data transmission products in the broadcast, networking, storage and telecommunications markets. Gennum offers proven optical, analog and mixed-signal solutions with uncompromising signal integrity to support standards such as high-definition (HD) video, Fibre Channel, InfiniBand®, Ethernet, SONET and PCI Express®. The company is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Germany, United States, India and the United Kingdom. www.gennum.com. About Atlantic Bridge Atlantic Bridge is a private equity firm investing in Middle Market Technology assets across Europe, with offices in Dublin and London. The firm focuses on making domain-specific investments in expansion capital, late-stage venture capital, and small buy-out transactions. The Atlantic Bridge portfolio currently consists of companies in the communications technology, semiconductor and software sectors. Atlantic Bridge brings together a unique team of technology entrepreneurs, experienced managers, finance professionals and investment experts, with over 100 years of international business experience. The team has worked together in various capacities for the last 10-20 years, bringing a true partnership approach to the firm and its investments. For more information, please visit www.abven.com. Directory: wp-content -> uploads -> 2011 2011 -> Voices of the Old Sea Norman Lewis 2011 -> Malevil Robert Merle 2011 -> The Elephant Keeper’s Children Peter Hoeg 2011 -> Jv packet •Mars Colonization Affirmative •Mars Colonization Negative 2011 -> Registration Form (Rev. 8-86) omb no. 1024-0018 2011 -> All America Looks Up to Virginia;” Virginia and the Declaration of Independence 2011 -> Rao bulletin 2011 -> Christopher Columbus was born between 25 August and 31 October 1451 in 2011 -> The Battle of Frenchtown (1855), Washington Territory: the Political and Demographic Context rev 9/4/11 2011 -> Seti aff •seti neg •Asteroids Aff Download 5.39 Kb. Share with your friends:
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