Global venture capital firm The Carlyle Group has announced that it is to lead a E20m second round of financing for opto-electronic components manufacturer Opto Speed.
Swiss-based Opto Speed will use the funds to open a US office and increase its sales and marketing activity. In parallel, the company will expand manufacturing capacity at its plants in Germany and Switzerland.
A spokesman for Carlyle said that the firm was currently in the process of recruiting further strategic backers for the investment- a process which it expects to complete within the next 60 days- with strong interest having already been shown by a number of specialist investors.
Hossam Galal, director at The Carlyle Group, will be joining the Opto Speed board as part of the investment agreement.
Carlyle Europe Venture Partners (CEVP) is a E730m fund that focuses on investing in European companies developing core infrastructure technologies and services. Investments are concentrated in the following sectors: material sciences, communications technologies, communications services, enterprise and infrastructure software and online financial services. The fund invests in companies at all stages of development, committing up to E30m over the lifetime of an investment.