Cipio Partners has acquired a portfolio of venture capital investments from Siemens Venture Capital. Terms of the transaction have not been disclosed. However the portfolio includes all assets of the Siemens Venture Capital Communications Fund, which has made numerous direct investments in late-stage North American and Israeli technology companies since 1999. The companies acquired by Cipio Partners operate in the areas of semiconductors, optical components and communications equipment.
Parent company Reiff Group said in a statement that the sale is part of its ongoing realignment plan
Neil Bennett, previously of Beacon Rail Leasing, will be appointed executive chairman of the company
Healthtech-focused VC sees oppprtunities in the developing European market, managing director Christian Weiß tells Unquote
Paul Keen, previously CFO of ETC Venues, will join the board as a non-executive director