Mooreland Partners advises Nanoradio in its sale to Samsung Electronics
Kista, Sweden / Seoul, South Korea – June 15, 2012 –Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to the shareholders of Nanoradio AB (www.nanoradio.com) in the sale to Samsung Electronics Co. Ltd. (KOSE:A005930).
Nanoradio is a leading fabless developer of ultra low power WiFi chipsets for use across a range of applications, including mobile phones, wireless digital cameras, wireless headsets, portable media players and gaming devices. Nanoradio was founded in 2004 and is headquartered in Kista, Sweden.
The sale to Samsung is the second transaction for which Nanoradio’s shareholders worked with Mooreland Partners. In July 2009, Mooreland acted as exclusive financial advisor to Nanoradio in its €12.5m funding round.
This transaction further consolidates Mooreland’s leadership in mobile value chain and semiconductor M&A. Following yesterday’s acquisition of Scalado by Nokia, this is the second transaction announced by Mooreland in Sweden this week.
For more information on the Nanoradio/Samsung transaction, please contact Peter Globokar or Charlie Bullock.
Peter Globokar, Managing Director
Direct Line: +44 207 484 1353
Mobile: +44 7785 226 221
Charlie Bullock, Managing Director
Direct Line: +1 650 330 3780
Mobile: +1 415 271 4046