discoverIE Group plc acquires Antenova
Azini Capital has completed the sale of its shareholding in portfolio company Antenova Ltd to discoverIE Group plc.
discoverIE, a leading international designer, manufacturer and supplier of customised electronics to industry, announced the acquisition of Antenova Limited on 2nd September 2021.
The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector, with revenues of around £500m.
Azini Sells OneSpin to Siemens
Azini Capital has completed the sale of portfolio company OneSpin Solutions to Siemens Digital Industries Software.
Siemens Digital Industries Software has signed an agreement with London-based Azini Capital to acquire OneSpin Solutions, a leading provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy and secure IC designs. Headquartered in Munich, OneSpin Solutions has developed a strong, fast-growing business by providing a broad portfolio of formal applications ("apps") for assuring IC designs operate as intended under the most adverse environmental conditions across key growth markets.
Paul Hill, Partner of Azini Capital and board director of OneSpin commented, “OneSpin is an excellent exit for our Azini 2 fund and Siemens is a great home for OneSpin. We wish them all the very best of luck for the future.”