Constellation Capital reaps 6.3x on SVOX sale

The investor generated a money multiple of 6.3x and an IRR of 38% on the exit.

Constellation acquired SVOX in 2005. Since then the company has grown more than 30% per annum. In the course of SVOX's build-and-buy strategy, the firm took over the speech recognition division of Siemens and established a global distribution network. Between 2008 and 2010, the business expanded into the US, Japan, the UK and Hong Kong.

Zurich-based SVOX is a provider of embedded speech solutions for in-car systems and consumer electrics. The products enable customers to communicate efficiently through car, mobile phone and other electronic devices. The company employs about 120 people and 100 contractors.

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