
Gimv sells stake in Liquavista
Gimv has sold its stake in Liquavista to Samsung Electronics Europe Holding Coöperatief UA.
The company has developed a new electronic display technology, known as electrowetting, which uses liquid instead of crystals found in more traditional LCD screens. Liquavista's displays are used in a number of products such as telephones, digital cameras and satellite navigation systems.
Gimv first invested in the company in 2006 alongside Amadeus Capital and New Venture Partners. Since then, a number of follow-on investments have been made, with the most recent being a €7m series-D round in April 2010.
The sale has a positive impact of €4.6m on Gimv's last published equity value at 30 September 2010.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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