Target Partners leads series-A for Theva

The deal was initiated at an event in Munich in 2009 where Target Partners first met Theva's CEO, Werner Prusseit.

The funding will go towards developing production lines for high temperature superconductor (HTS) tape, according to reports.

Company
Theva specialises in HTS materials and physical coating technologies. HTS coatings are used in electrical transmission, generators and electrical systems. HTS tapes are said to be able to conduct 200 times more electrical current than copper wire.

Established in 1996, the company is based in Ismaning.

People
Kurt Müller is a partner at Target Partners. Dr Werner Prusseit is CEO of Theva.

Advisers
Equity – Reed Smith, Justus Binder (Legal); Thies Eggers (Financial due diligence, corporate finance); Maiwald Patentanwälte, Christian Schaeflein (IP due diligence).
Company – Luke & Müll, Stephan Luke (Financial & corporate due diligence); P+P Pöllath + Partners, Christian Tönies (Legal).

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• Topics
• DACH
• Expansion
• Technology
• Target Partners
• Germany