About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

amaxa

Back to results
Country Germany
Region Nordrhein-Westfalen
Investor Earlybird
Share

Without Earlybird’s investment, it is possible that the revolutionary medical technology developed by amaxa would never have made it to market, and crucial steps forward in medical research would not have been made.

Earlybird supported amaxa from the very start in 1998, providing much needed finance and commercial expertise, but also sticking by the company during the bad times. A failed product launch early on might have marked the end of a business without such supportive, knowledgeable investors. amaxa turned profit-making in 2004 and moved to the next phase of its development in 2008, under trade owner Lonza. The company now employs 160 and the deal returned 13x to Earlybird’s investors.

Rainer Christine

Former CEO

amaxa

Earlybird encouraged us to develop a consistent business plan and have actively coached us over all the years and helped us to successfully implement our plans. Quotation Marks Graphic
10

year alliance with VC

13x

return for investors

What did the business need?

  • Start up requiring financing to fund R&D
  • International development crucial to success

How did private equity backing create lasting value?

  • Support since day one of amaxa’s existence
  • New facility opened in Maryland in 2002
  • Continued support when original product flopped after a year in development,including a switch to entirely new product
  • Costly but necessary investment in direct marketing campaign for major product
  • Earlybird led second round of investment, enabling expansion into US market
  • Profitability achieved in 2004, with continuing double-digit growth

What outcomes did private equity investment achieve?

  • Global business now employing 160 people, with revenues rising from zero to more than 20m Euro
  • Identification of life sciences business Lonza as suitable parent for amaxa
  • Further expansion at Cologne facility planned 13x return for investors in Earlybird

More information

Lonza

Earlybird

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.