Global private equity firm Warburg Pincus has acquired 8.8 per cent of Kontron, an international provider of embedded computer technology, by way of a capital increase.
Ulrich Gehrmann, CEO of Kontron, said, “With the fresh funds from the capital increase, we are strengthening our solid equity and liquidity position. In particular, the proceeds from the capital increase allow us not only to make long-term investments that bolster our market position, but also to be flexible to make acquisitions.”
According to Gehrmann, his company currently finds itself in a rapidly consolidating market. He hopes this situation will offer significant strategic opportunities around the world that the company now aims to exploit with targeted acquisitions.
Warburg Pincus has a portfolio of over 100 companies around the world and holds more than $25bn in assets under management.
Jeremy Young, managing director at Warburg Pincus Deutschland, said, “We are very pleased to be investing in Kontron, a recognised global industry leader in a growing market. Our proposed capital infusion will provide the company with the liquidity needed to accelerate growth, both organically and through acquisitions.
“We look forward to working with the management team at Kontron and drawing upon our substantial M&A and deep technology expertise to help create further value for all stakeholders.”
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