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Home › Media › Releases 2003 › CapMan and Startupfactory to finance the growth of Silex Microsystems

Press release - 17 June 2003

CapMan and Startupfactory to finance the growth of Silex Microsystems

The funds managed and advised by CapMan (Swedestart Tech, Swedestart Life Science and CapMan Equity VII) will invest together with Startupfactory EUR 7.7 million in Swedish Silex Microsystems AB. Silex is one of the fastest growing companies in the MEMS industry and delivers MEMS-based (Micro Electro Mechanical Systems) components, i.e. sensors, actuators and precision structures for the life science and telecommunications industries.

The investment will enable Silex to expand into new high volume production facilities. This is needed for Silex to meet the fast growing demand set by its local and international customers.

MEMS combines electrical and mechanical components and conveys the advantages of miniaturization, multiple components and microelectronics. “The components that Silex designs and produces are in microscopical scale and have unique functions leading to higher performance and lower overall system cost for our customers”, says CEO Jan Nerdal from Silex Microsystems.

Silex has grown rapidly since its establishment in 2000, and has obtained a strong customer portfolio, including both R&D projects and volume customers. “Since the first investment in Silex the company’s revenues have increased strongly and the number of customers today is tenfold. Silex has a highly experienced and competent management team and a very strong R&D team,” says Lars Hagdahl, CapMan’s Senior Partner. “The competence of the personnel and technological edge combined with the expected significant market growth form a good basis for Silex’s future growth and internationalisation,” he continues.

Johan Bennarsten, Investment Manager at CapMan added,”Silex has a very impressive and extensive customer base especially in Life Science sector with all big medtech players represented”. “The products that Silex delivers have breakthrough implications on diagnosing and treatment of diseases”, he continues.

Silex’s management team comprises Jan Nerdal, CEO; Edvard Kälvesten, CTO; Malin Huss, Production Manager and Marie Edström, Finance Manager.

For more information, please contact:
Mr. Lars Hagdahl, Senior Partner, CapMan Technology Business Unit, Tel. +46 8 5458 5476
Dr. Johan Bennarsten, Investment Manager, CapMan Life Science Business Unit, Tel. +46 8 5458 5472
Mr. Jan Nerdal, CEO, Silex Microsystems AB, Tel. +46 8 752 16 00

Background information on the companies

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries and specialises in mid-sized buyouts in various industry sectors, technology investments in the IT and telecommunications sectors and investments in life science companies. CapMan team comprises about 80 people in Helsinki, Stockholm and Copenhagen. CapMan manages/advises funds with approximately EUR 1.653 billion in total capital, of which appr. EUR 527 million is managed by the affiliated company Access Capital Partners, which invests in European private equity funds. To date, the funds managed by CapMan have invested in 131 companies in the Nordic countries and exited from 51 companies. The latest investment are made in Finnish Nordkalk Corporation, in Swedish Jolife AB and Danish Eco-Dan A/S. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

Silex Microsystems AB
Silex is one of the fastest growing companies in the MEMS industry and delivers MEMS-based (Micro Electro Mechanical Systems) components, i.e. sensors, actuators and precision structures for the life science and telecommunications industries. The company has 25 employees in Kista, Sweden.

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