Munich, Germany-based smac partners and Headway Capital acquired a diversified ICT-portfolio from iD TechVentures Ltd, a venture capital firm focused on technology and high growth investment in Greater China.
The portfolio includes various promising fast growing high tech companies, like Alchip Technologies, Inc., a Taipei-Taiwan-based provider of silicon design and manufacturing services for companies developing complex and highvolume system-on-chip (SoC) designs.
According to Oliver Kolbe, Managing Partner at smac partners, the portfolio has significant growth potential for the next years.
Commenting on the transaction, whose financial terms were not disclosed, William Lu, Founding Managing Partner of iD TechVentures Ltd., said: “Our fund with the vintage year 2000 reached the end of the lifetime with a few portfolio companies on stages for public listing.
“We have very early started to search for the best suitable solution for us and sought after a partner who can continue to support our portfolio development.
“We chose smac partners, because smac partners has been a very reliable coinvestor in the past with comprehensive international experience and a good foot print in Asian market.
“We are very confident the companies will continue their successful development”.