Dialog Semiconductor confirms successful placing of Apax Partners' remaining stake
Dialog Semiconductor plc (FWB: DLG) announces today the successful placement with institutional investors of the remaining 14.2% (6,543,839 shares) stake in Dialog previously held by Apax Partners LLP, the global private equity advisory firm who led the management buyout of Dialog in 1998. This institutional placing was arranged and executed by Jefferies International Limited. Following the disposal, Apax Partners no longer have a shareholding in Dialog.
Commenting on the placing Dialog Chief Executive Officer, Dr. Jalal Bagherli said:
'On behalf of Dialog's Management and its Board, I would like to thank Apax Partners for its long standing commitment and support to our Company. Apax's contribution over the past eleven years has been very important to our development and growth. We are pleased with the successful placement of their remaining stake with high caliber institutional investors.'