Sale of Etex to Zimmer Holding

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Sale of the portfolio company Etex to Zimmer Holdings

 

Steinhausen, October 22, 2014. New Venturetec announced today the sale of the portfolio company Etex to the medical device giant Zimmer. The financial terms of the transaction were not disclosed. New Venturetec received cash and pro rata shares of a new created company, Life Science Enterprises which retained two products from Etex. Together with previous proceeds from the investment in Etex, New Venturetec could realize a net gain from the investment.

New Venturetec is a publicly traded Swiss investment company (SIX: NEV) which invests directly in venture capital companies in the USA.

For further information:

Yves Huwyler
Hinterbergstrasse 47
6312 Steinhausen
Tel: 041 740 26 26
info@newventuretec.com