DGAP-News: Ventizz Capital Partners AG: Ventizz sells majority stake in QSIL AG Quarzschmelze Ilmenau
(firmenpresse) - DGAP-News: Ventizz Capital Partners AG / Key word(s): Private
Equity/Disposal
Ventizz Capital Partners AG: Ventizz sells majority stake in QSIL AG
Quarzschmelze Ilmenau
18.07.2011 / 11:00
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Ventizz sells majority stake in QSIL AG Quarzschmelze Ilmenau
- 60% stake being sold to CEO-led consortium
- Ventizz investors earn five times their invested capital
- CEO of Ventizz Capital Partners AG Dr. Vorndran: 'a success story that
epitomises the investment philosophy of Ventizz'
Düsseldorf/Ilmenau - 18 July 2011. Ventizz Capital Fund III L.P. (Ventizz)
is selling its 60% share in QSIL AG Quarzschmelze Ilmenau (QSIL) to a
consortium being led by QSIL's CEO Stephan Behr. This will lead to the
consortium holding 100% of QSIL's shares. The parties have agreed not to
disclose the purchase price.
'QSIL is an absolute success story that epitomises the investment
philosophy of Ventizz: cutting edge technology with a clear unique selling
point and a high real net output ratio will, together with the management,
continue to be developed on an ongoing basis and positioned on the world
market. Full order books give the company today very solid foundations, and
investors in the Ventizz III fund can be very happy with earning five times
their invested capital,' said Dr. Helmut Vorndran, Managing Partner and CEO
of Ventizz Capital Partners Advisory AG which advised solely the investment
fund. Dr. Vordran will continue to hold a seat on QSIL's supervisory board
in order to ensure continuity in the company's development.
With the support of Ventizz, which has been majority shareholder of QSIL
since 2006, the quartz glass specialist based in Ilmenau has built up a
global customer base and is now an established and leading provider on the
world market. Production capacities in Thüringen have been increased by 50%
over the past five years. In addition, the company almost doubled its
turnover in 2010 to EUR 23m, representing very satisfactory profitability
as compared against the sector as a whole. To support the financing of
future growth, QSIL has not paid out dividends in recent years. With QSIL,
one of the last remaining portfolio companies in the III fund has been
successfully placed in the market.
Stephan Behr, CEO of QSIL AG: 'With Ventizz's knowhow of finance and of
corporate and strategic matters we have managed to take the decisive step
up to the first division of our sector. For the next step we will continue
to grow organically and expand our production, which is currently operating
at full capacity, in line with demand. We are also ready to add
complementary technologies to our portfolio.'
QSIL AG Quarzschmelze Ilmenau is an innovative, globally-operating company
in special glass production which is one of the few quartz glass
manufacturers to specialise in the production of round shapes and special
products. QSIL's plasma fusion method which was developed in-house makes it
the only producer worldwide which can make hollow cylinders out of quartz
glass in a single production step. Its most important markets are the
semi-conductor, photovoltaic and light sources industries, as well as the
chemical industry for analysis and for the production of polysilicon. QSIL
has a globally diversified customer base. Clients include
globally-operating large businessesfrom Europe, Asia and America.
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 40 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, SAF, PV Crystalox Solar) to the stock market.
On the internet at www.ventizz.com.
Press contact:
Markus Wieser
CNC AG
T +49 (0)89 599 458-114
E Markus.Wieser(at)cnc-communications.com
About QSIL
QSIL was founded in 1992 through the spin-out of the quartz glass division
of the Ilmenauer Glaswerke GmbH which began the industrial production of
fused quartz glass in 1977. Today QSIL is one of the world's leading
suppliers of high purity quartz glass products. QSIL has specialised in
profitable market niches due to its flexible production technology. The
company has its headquarters and manufacturing plant in Langewiesen (near
Ilmenau; Germany) and a sales office in the USA. QSIL has approx. 150
employees and recorded sales of around EUR 23m in 2010.
On the internet at www.qsil.com
Press contact:
Stephan Behr
QSIL AG
T +49 (0)3677 6415 - 17
E stephan.behr(at)qsil.de
End of financial news
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132322 18.07.2011
Datum: 18.07.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 34627
Anzahl Zeichen: 0
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Kategorie:
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