Ventizz reaps 5x money on QSIL sale

The investor has realised 5x return on the investment.

Previous funding
In 2006, Ventizz acquired a majority stake in QSIL in a deal thought to be worth less than €25m. The original investment was made from Ventizz Capital Fund III. Over the last five years, production capacities have been increased by 50%. During the holding period the company has doubled its turnover to €23m in 2010.

Company
QSIL was founded in 1992 through the spin-out of the quartz glass division of  Ilmenauer Glaswerke. Ilmenau-based QSIL is a supplier of high purity quartz glass products specialising in profitable market niches due to its flexible production technology. The firm is headquartered in Ilmenau and operates a sales office in the US. QSIL employs approximately 150 people and generated a turnover of €23m in 2010.

People
Ventizz managing partner Dr Helmut Vorndran will remain as a member of the supervisory board and managed the exit together with investment manager Holger Schmitz.

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• Ventizz Capital Partners