ICON secure £2m funding for global developer and manufacturer of semi – conductor testing equipment.
IpTest manufacture testing equipment for high volume production lines of discrete semiconductors. The company will use the funds to finance the MBO of their trade and assets from the LTX corporation, its US parent.
Major clients include some of the worlds largest manufacturers of discrete semiconductors including ST Microelectronics.
“ICON acted for us on our MBO from US based parent, LTX. We chose ICON because they specialize in technology deals, so they were able to provide key insights into the critical issues affecting our market and corporate development. They successfully raised us £2m MBO financing which included mezzanine finance and an export trade factoring facility. We left the guys at ICON to it and they negotiated an outstanding deal”
David Newth, CEO, IP Test