Siemens Venture Capital is selling a Siemens communications portfolio to funds managed by Cipio Partners. A team of CMS Hasche Sigle lawyers led by Dr Ulrich Springer advised Cipio Partners on all aspects of one of the biggest "secondary direct" portfolio takeovers of the last few years.
The portfolio contains virtually all the investments of the Siemens Venture Capital Communications Fund through which Siemens has made numerous direct investments in established technology companies in the field of semi-conductors, optical components and communications systems in Europe, the USA and Israel since 1999. At the beginning of 2007 Siemens AG contributed its communications activities to joint venture Nokia Siemens Networks. Key data of the transaction were not disclosed.
Cipio Partners is one of the market leaders in secondary direct transactions. Established mid-2003, with offices in Munich and San Jose, Ca, Cipio Partners manages an international portfolio of early and late-stage venture capital and mid-market investments with a value of several hundred million euro. Cipio Partners focuses its investment activities on the IT, communications and media sectors.
Siemens Venture Capital is the corporate venture organisation for the entire Siemens group. To date it has invested over 700 million euro in over 100 start-up companies and 35 venture capital funds – primarily in the USA, Europe and Israel, ranking among the most active corporate venture capital investors worldwide.
Advisers to Cipio Partners
CMS Hasche Sigle
Dr Ulrich Springer, LL.M. (Corporate, M&A)
Alexander Taft (Corporate, M&A)
Contact CMS Hasche Sigle:
Dr Ulrich Springer, LL.M.
Tel.: +49 (0) 89 / 2 38 07 - 249
E-mail: Ulrich.Springer@cms-hs.com
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.
For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.
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