IDeA Opportunity Fund I (2008)
Italian closed-end investment fund which takes minority stakes independently or alongside top-tier general partners. The investment team distinguishes itself for high financial management skills coupled with solid industrial and operational management capabilities.
Telit is the third worldwide player in the field of Machine-to-Machine (M2M) communication systems and in particular develops, manufactures and markets M2M modules which enable machines and vehicles to communicate via wireless networks. Telit is listed on AIM, the London Stock Exchange segment dedicated to small-mid cap companies in development stage. Telit holds about 600 employees and 18 regional offices, with legal headquarter in Rome, and the main operating office in Trieste. Throughout above 50 specialized distributor, Telit supplies more than 1,000 clients in 60 countries. On 25 February 2011 Telit, tramite un aumento di capitale riservato ad investitori istituzionali, tra i quali i fondi gestiti da Algebris e Kairos ed il rinomato fondo di venture capital Greylock ha finalizzato l’acquisizione del ramo d’azienda M2M di Motorola Israel Ltd, controllata di Motorola Inc., leader mondiale nella telefonia mobile. On 25 February 2011,Telit, through a reserved capital increase for institutional investors (besides IDEA OF I, funds managed by Kairos and Algebris and the renowned venture capital fund Greylock), completed the acquisition of the Motorola Israel Ltd M2M business unit, which was controlled by Motorola Inc., worldwide leader in the mobile communications.
