DGAP-News: Ventizz Capital Partners AG: Ventizz begins expansion of its Offshore Wind business
(firmenpresse) - DGAP-News: Ventizz Capital Partners AG / Key word(s): Private Equity
Ventizz Capital Partners AG: Ventizz begins expansion of its Offshore
Wind business
09.11.2011 / 16:57
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Ventizz begins expansion of its Offshore Wind business
- Ventizz portfolio company SSP Technologies ends dispute with PNE Wind
AG
- SSP Technologies takes over North Sea offshore wind farm project
Nautilus II
St. Gallen, 9 November 2011. The Danish firm SSP Technologies Holding ApS,
a portfolio company of Ventizz Capital Fund IV, LP ('Ventizz IV'), has
ended a legal dispute with PNE Wind AG via an amicable settlement. The
dispute, which began in 2009, was in relation to the acquisition of the
Danish rotor blade specialist SSP in 2008.
Alongside an arrangement to give up its right of action, Ventizz IV is
taking over the 'Nautilus II' wind farm, located in German territory in the
North Sea, from PNE Wind AG.
The two contract parties have agreed not to disclose the financial details
of this transaction.
Ventizz IV will continue the development of the Nautilus offshore wind farm
via a portfolio company and by working with an industrial partner. The farm
has a planned generation capacity of 560 MWp.
For Ventizz, the takeover of Nautilus II signals the start of the expansion
of its Offshore Wind business, which will continue through the targeted
acquisition of additional wind farms.
About Ventizz Capital Partners
Ventizz Capital Partners was established in 2000 and has offices in St.
Gallen, Zurich, Düsseldorf and Vienna. Ventizz Capital Partners is the
exclusive advisor to the Ventizz Private Equity Funds, which provide growth
capital and buyout financing for high tech companies in Western Europe.
Four partners and a team of 15 additional professionals currently advise
four funds with a total capital under management of EUR 675m. Ventizz
Capital Fund IV L.P. is the largest of four so far established funds. The
Fund was closed at the end of 2007 after only six months of fundraising,
during which EUR 450m were raised, making it one of the biggest private
equity funds in the segment of growth capital and mid-size tech buyouts in
the German-speaking region.
Ventizz Funds have to date invested in 41 companies with a focus on the
areas of renewable energy/clean tech, high-tech manufacturing industries,
medical technology and information and communication technology. In
addition to a variety of trade sales, Ventizz has so far floated four
portfolio companies (ersol, SAF, PV Crystalox Solar and recently exceet) at
European stock exchange markets.
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
End of financial news
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145518 09.11.2011
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Datum: 09.11.2011 - 16:57 Uhr
Sprache: Deutsch
News-ID 85975
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Kategorie:
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