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Novell buys SuSe
Filed in archive Venture Capital by tj on November 5, 2003
Novell has agreed to buy SuSe the German distributor of Linux. Novell plans to spend $210 million for the majority of SuSE shares. This will be a very welcome exit for Apax Partners.

I've researched a bit about the equity story SuSe has to show:

  • Apax Partners and Intel invested in 1999 about $ 12 million in the company, which was founded in 1992 with small amounts.

  • There might have been another round of financing during winter 2000, but I could not find more data about.

  • In 2001 Apax Partners and e-millennium (a former consortia of Deutsche Bank and Accenture, which now seems to be defunct), invested $ 13.9 million.


Taking these numbers $210 million looks like a good deal for investors. The deal brings some relief to the scarcity of exits nowadays. It's good to see a German exit.

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Permalink: Novell buys SuSe
Tags: suse  novell  2003  entrepreneurship  technology  buys+suse  novell+buys  november+2003 
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