Apax Exits Dialog Semiconductor

Apax Partners has sold its remaining 14.2% stake in Germany’s Dialog Semiconductor PLC (TWB: DLG), via a placement of approximately 6.54 million shares with institutional investors. Apax had originally acquired the company in 1998. Jefferies International Ltd. served as placement agent.

PRESS RELEASE
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.’

For further information please contact: www.dialog-semiconductor.com

About Dialog Semiconductor

Dialog Semiconductor creates energy-efficient, highly integrated, mixed-signal circuits optimised for personal mobile, lighting & display and automotive applications. The company provides flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner. Customers with a significant contribution to revenue include Sony-Ericsson, Apple, Bosch and TridonicAtco.

With its unique focus and expertise in system power management, Dialog brings decades of experience to the rapid development of integrated circuits for power management, audio, display processing and control. Dialog’s processor companion chips are essential for enhancing both the performance of hand-held products and the consumers’ multimedia experience. With world-class manufacturing partners, Dialog operates a fabless business model.

Dialog Semiconductor plc is headquartered near Stuttgart with a global sales, R&D and marketing organisation. In 2008, it had more than $160 million in revenue and was the fastest growing European public semiconductor company, achieving a growth rate of more than 85%. It currently has approximately 300 employees. The company is listed on the Frankfurt (FWB: DLG) stock exchange.