DGAP-News: FIDURA Private Equity Funds: Successful Exit / U.S.-based semiconductor manufacturer Maxim acquires portfolio company SensorDynamics - High returns for investors
(firmenpresse) - DGAP-News: FIDURA Capital Consult GmbH / Key word(s): Funds/Private
Equity
FIDURA Private Equity Funds: Successful Exit / U.S.-based
semiconductor manufacturer Maxim acquires portfolio company
SensorDynamics - High returns for investors
19.07.2011 / 15:10
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FIDURA Private Equity Funds: Successful Exit
U.S.-based semiconductor manufacturer Maxim acquires portfolio company
SensorDynamics - High returns for investors
Munich-based Private Equity funds FIDURA Vermögensbildungs- und
Absicherungsfonds and FIDURA Rendite Plus Ethik Fonds (as well as
additional investors) have sold SensorDynamics AG to U.S.-based
semiconductor manufacturer Maxim Integrated Products for $164 million
(enterprise value) including the assumption of debt. Since the FIDURA funds
acquisition of SensorDynamics at the end of 2007 the company's value has
increased five-fold. This sale to Maxim has taken place after less than
four years of ownership and therefore much earlier than originally
scheduled. With this transaction, both FIDURA funds have been able to
realize high double-digit returns for their investor base which is composed
purely of retail investors.
SensorDynamics' strengths lie in inertial MEMS sensors, automotive
smart-key semiconductor solutions, its pioneering position in the
fast-growing energy harvesting market, and its fail-safe automotive
know-how (including access to key automotive customers). These strengths
were some of the deciding factors for their acquisition of the company.
'This confirms the positive assessment we made following our thorough
examination at the beginning of our engagement with SensorDynamics,' says
Klaus Ragotzky, CEO of the issuing house FIDURA. 'The successful sale of
SensorDynamics proves the effectiveness of our strategy to invest in
growth-oriented, technologically leading companies with a relatively
moderate risk potential.' Herbert Gartner, CFO and Founder of
SensorDynamics adds: 'It's crucial for the success of high-tech companies
to have strong, confident investors on board who have faith in the business
idea and in the management. Our investors were decisive for the growth of
our company.'
About FIDURA Private Equity Funds
FIDURA Private Equity Funds invest directly in growth-oriented and
innovative mid-sized companies. FIDURA is a direct fund as opposed to a
fund of funds concept. For this reason FIDURA ensures an optimally balanced
investment portfolio and a favorable cost structure for its investors.
FIDURA Private Equity Funds belong to the few private equity funds which
give small investors a chance to benefit from the high investment returns
of this type of investment. FIDURA funds emphasize a balanced risk-reward
ratio and do not invest in early stage companies, instead investing only in
growth-oriented companies that have already achieved their first market
successes and revenues. FIDURA is currently offering the 'FIDURA Rendite
Sicherheit Plus Ethik 3 Fonds', which is the only publicly offered fund in
the German market investing in innovative companies in accordance with
clear ethical criteria. In addition, the FIDURA Private Equity Funds offer
a possibility to secure the invested capital of investors with first class
Commonwealth Insurance Companies.
FIDURA fund managers were awarded Best Private Equity Managers 2011 by
INVESTMENT magazine.
About SensorDynamics
SensorDynamics is a semi-fabless semiconductor company focusing on
innovative sensor solutions for high volume applications in automotive,
industry and high-end consumer sectors. SensorDynamics develops and
supplies fail-safe micro and wireless semiconductor products for
automotive, industry and high-end consumer key accounts and is certified
under ISO/TS 16949. The company acts as a general contractor with in-house
MEMS production and cooperates closely with leading international
technology partners. With headquarters in Lebring near Graz, Austria,
SensorDynamics has subsidiaries in Italy and Germany and a world-wide sales
network.
This acquisition enables SensorDynamics to focus on its strength in
engineering for sensors and MEMS, while utilizing Maxim's considerable
manufacturing, distribution and sales infrastructure. Hubertus Christ,
SensorDynamics' Chief Executive Officer, noted: 'This transaction will
enable SensorDynamics to enhance its product pipeline and foster
sustainable growth well into the future. SensorDynamics' management team is
pleased to be a part of the integration and we look forward to the next
stage in a very exciting business. This is a great opportunity for all our
talented engineers now and for a long-term future.'
For more information on SensorDynamics and its products, please go to
www.sensordynamics.cc
About Maxim
Maxim Integrated Products Integrated Products is a publicly traded company
that designs, manufactures, and sells high-performance semiconductor
products. The company was founded over 25 years ago with the mission to
deliver innovative analog and mixed-signal engineering solutions that add
value to its customers' products. To date, it has developed over 6400
products serving the industrial, communications, consumer, and computing
markets.
Maxim Integrated Products reported revenue of approximately $2.0 billion
for fiscal 2010. A Fortune 1000 company, Maxim Integrated Products is
included in the Nasdaq 100, the Russell 1000, and the MSCI USA indices.
Contact Person:
Ingrid Weil (Dipl.-Ing.)
FIDURA Capital Consult GmbH
Bavariaring 44
80336 Munich, Germany
Tel.: + 49 (89) 23 88 98 - 15
Fax.: + 49 (89) 23 88 98 - 29
www.fidura.de
ingrid.weil(at)fidura.de
End of financial news
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132442 19.07.2011
Datum: 19.07.2011 - 15:10 Uhr
Sprache: Deutsch
News-ID 34641
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