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M&A Deal Summary

Prime Ventures and GIMV Acquire Liquavista BV

On January 1, 2006, venture capital firm Prime Ventures and private equity firm GIMV acquired technology hardware company Liquavista BV from Philips

Acquisition Highlights
  • This is Prime Ventures’ 1st and GIMV’s 1st transaction in the Technology Hardware sector.
  • This is Prime Ventures’ 4th and GIMV’s 9th transaction in the Netherlands.
Investment Fate
  • Liquavista BV was sold to a publicly-traded strategic buyer in 2011.
  • Liquavista BV was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary
Date 2006-01-01
Target Liquavista BV
Sector Technology Hardware
Buyer(s) Prime Ventures
GIMV
Sellers(s) Philips
Deal Type Divestiture

Target

Liquavista BV

Eindhoven, Netherlands
Liquavista BV is a developer of electronic display technology called “electrowetting.” Electrowetting technology has the potential to create bright and colorful images that ensure excellent indoor and outdoor readability while using less battery power than traditional displays.

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Buyer(S) 2

Buyer

Prime Ventures

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1999
PE ASSETS 750M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prime Ventures is a venture capital and growth equity firm focusing on investing in European companies in the technology and related industries. Prime is based in Amsterdam with an additional office in Cambridge.

DEAL STATS #
Overall 6 of 33
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: Netherlands M&A 4 of 17
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 GlobalCollect BV

Hoofddorp, Netherlands

GlobalCollect BV is a payment service provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-27 Q-go.com b.v.

Diemen, Netherlands

Q-go.com b.v. is a website search solutions in a software-as-a-service.

Buy -
Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.

DEAL STATS #
Overall 30 of 170
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Netherlands M&A 9 of 42
Year: 2006 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Oxurion

Leuven, Belgium

Oxurion is a biopharmaceuticals company that specialises in developing new drugs for vascular diseases. Oxurion was incorporated in 1991 and is based in Leuven, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-07 Food Partners

Southcraig Avenue, United Kingdom

Food Partners Ltd. manufactures and distributes sandwiches. The company also offers prepared fruits, salads, and vegetables, as well as fresh cut vegetables.

Sell -

Seller(S) 1

SELLER

Philips

Amsterdam, Netherlands
Category Company
Founded 1891
Sector Consumer Products
Employees67,263
Revenue 18.0B EUR (2024)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Philips was founded in 1891 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 3 of 17
Sector: Technology Hardware M&A 2 of 3
Type: Divestiture M&A Deals 1 of 14
Country: Netherlands M&A 3 of 10
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Anteryon

Eindhoven, Netherlands

Anteryon designs and produces the highest quality, smallest and lowest costs micro-optics and refractive-optics enabling wafer-based production, packaging and integration of optics with light sensors and light sources.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-23 Cannon Avent

Glemsford, United Kingdom

Cannon Avent supplies baby bottles, breast pumps, sterilisers and skin care products to customers in over 60 countries around the world. It is the number one player in the UK and the third largest supplier of baby feeding products in the USA.

Buy £460M
Mergr

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