General Atlantic takes Ixos Software stake
Global private equity firm Global Atlantic Partners has taken a 25 per cent stake in German software company Ixos Software, an e-business solutions provider. The purchase price agreed with General Atlantic is E5.90 per share, giving the transaction a total value of just under E32m.
Ixos, which is quoted on the German Neuer Markt, will use the financing to develop its customer and product bases worldwide. The acquired shares are subject to a minimum lock-in period of twelve months, although General Atlantic normally holds its positions for about five years.
Prelude lead ZBD Displays financing
Prelude Trust plc, the UK-listed investment trust that specialises in technology investments, has committed an additional £910,000 in ZBD Displays as part of a £2.5m funding round. Prelude’s co-investors were QinetiQ Ventures, The Dow Chemical Company and TTP Ventures.
ZBD is developing liquid crystal display systems for use in devices such as mobile phones, PDAs, electronic books, smart cards or labels. ZBD was spun out of UK government research group Qinetiq in 2000.