US-based private equity firm Apollo Management has subscribed for approximately 14 million shares of listed chip maker Infineon Technology AG at a price of EUR 2.15 per share, in a rights issue that will see the company raise at least EUR700m.
DVI Equity Partners, Frontline Ventures and Enterprise Ireland also take part
Newcomer Target Global and existing investor Round Hill Ventures also take part in the round
GP invests €7.3m in the France-based point-of-sale merchandising equipment provider
Azimut appoints Jeffry Brown as CEO of AACP; Brown previously worked at Dyal Capital Partners