DGAP-News: Ventizz Capital Partners AG: Ventizz Capital Fund IV L.P. acquires Swedish high-end camera manufacturer Hasselblad
(firmenpresse) - DGAP-News: Ventizz Capital Partners AG / Key word(s): Acquisition
Ventizz Capital Partners AG: Ventizz Capital Fund IV L.P. acquires
Swedish high-end camera manufacturer Hasselblad
30.06.2011 / 10:31
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Ventizz Capital Fund IV L.P. acquires Swedish high-end camera manufacturer
Hasselblad
- An iconic brand for more than 50 years, Hasselblad is the world market
leader in the field of high-end medium format cameras
- Strong increase in demand worldwide for Hasselblad cameras,
particularly in Asia
- Ventizz Capital Fund IV L.P. provides additional capital for growth
strategy
St. Gallen/Switzerland - June 30, 2011. Ventizz Capital Fund IV L.P. has
agreed to acquire 100 percent of the shares of the Swedish camera
manufacturer Hasselblad Group from Hong Kong-based Shriro Group. Shriro, a
long-standing Hasselblad distributor in the Asia-Pacific region, has held
ownership of the company since 2003. Shriro will retain its current
Hasselblad distribution rights in the Asia-Pacific region. Vasco Fung, CEO
of Shriro, will serve an additional five year term on the supervisory board
of Hasselblad.
Founded in 1941 in Gothenburg, Sweden, Hasselblad has become the world
market leader in the field of high-end medium format cameras. Today, its
name is synonymous with the utmost in camera reliability and image quality.
The company produces first class camera equipment for professional
photographers, photo artists and high-end consumers. The extraordinary
quality of the company's products became famous in 1962 when Hasselblad
cameras were selected for NASA space missions, which resulted only a few
years later in the first world-renowned images taken on the moon.
'Hasselblad is the world's most renowned camera brand. We are proud to have
such an iconic brand in our portfolio and are convinced that with solid
financial support and a suitable growth strategy, Ventizz can further
strengthen Hasselblad's position as the first class producer of medium
format digital camera systems. Furthermore, we plan to develop Hasselblad
cameras to appeal to a wider circle of ambitious photographers', said Dr.
Helmut Vorndran, Managing Partner and CEO of Ventizz Capital Partners AG,
the exclusive advisory to the Ventizz funds.
As a strong financial partner, Ventizz Capital Fund IV L.P. will support
Hasselblad and its management team in entering new market segments as well
as in the further technological development of existing product lines. Dr.
Vorndran: 'We have seen the demand for Hasselblad cameras continue to grow
in Asia, as well as in Europe and North America, where there is increased
interest in top-quality cameras. Our growth strategy for Hasselblad is
therefore timed perfectly.'
Dr. Larry Hansen, CEO of Hasselblad, expresses his appreciation for the
change in ownership and for the opportunities this will create: 'We are
very pleased that Ventizz, as an experienced investor in growth strategies
for technology-oriented mid-sized companies, has decided to invest in
Hasselblad and we look forward to many years of close cooperation.'
The parties have agreed not to disclose the purchase price.
Company profiles
About Ventizz Capital Partners
Ventizz Capital Partners was set up in 2000 and has offices in St. Gallen,
Düsseldorf, Zürich and Vienna. Ventizz Capital Partners advises solely
Ventizz Private Equity funds which provide equity capital for growth in
high tech companies predominantly in the German-speaking region. Four
partners and a team of a further 15 professionals currently advise four
funds with a total capital volume of EUR 675m. The Ventizz Capital Fund IV
L.P. is the largest of the four hitherto issued funds. The fund was closed
at the end of 2007 after a mere six month fundraising process which raised
EUR 450m, making it one of the biggest private equity funds in the area of
growth capital and mid-size tech buyouts in the German-speaking region.
Ventizz funds have to date invested in 39 companies with a focus on the
areas of renewable energy, medical technology, information and
communication technology, and other industry sectors with high added value.
In addition to many trade sales, Ventizz has brought three portfolio
companies (ersol, SAR, PV Crystalox Solar) to the stock market.
Website: www.ventizz.com
About Hasselblad Group
Founded in 1941 in Gothenburg, Sweden, Hasselblad has been the leading
manufacturer and partner for photographers working in the medium format
environment for over half a century, consistently providing the highest
level of quality and innovation.
The extraordinary quality of the company's products became famous in 1962
when Hasselblad cameras were selected for NASA space missions, which
resulted only a few years later in the first world-renowned images taken on
the moon. Positive associations with Hasselblad's past serve as the
foundation for the company's modern and energized brand. In 2002, the
Hasselblad H-Camera System was introduced. With its professional lens
family and unique advancements, including True Focus and instant lens
correction within the Phocus software, it is the most comprehensive digital
camera system of its kind available today.
Website: www.hasselblad.com
Hasselblad H4D-60 camera image:
http://press.hasselblad.com/media-library/h-system/h4d-60.aspx
Press contact:
CNC AG
Markus Wieser
Tel.: +49. 89. 599 458 114
E-Mail: Markus.Wieser(at)cnc-communications.com
End of financial news
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130299 30.06.2011
Datum: 30.06.2011 - 10:31 Uhr
Sprache: Deutsch
News-ID 34507
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