In addition, four semiconductor industry executives, Jalal Bagherli, Mark Tyndall, Alex McCann, and Jacky McNulty, together with Corinne Philipps from Tikehau Capital, are joining the board, with Jalal Bagherli appointed as chairman.
Tikehau Capital’s $30 million investment is made via its pan-European growth impact private equity strategy which is focused on providing partnership capital to high growth, purpose-led companies that are critical to the resilience of the European economy.
Through this partnership, Tikehau Capital will provide PTSL with the operational and strategic support needed to accelerate further international expansion, including appropriate acquisitions in the ongoing consolidation of the semiconductor market.
Commenting, Jordan Mackellar, CEO of PTSL, said: “This financial investment is a massive vote of confidence in the company, our people and the strategy. The investment will enable PTSL to accelerate its innovative advanced technology roadmap, positioning the company ahead of ATE industry trends and strengthening our ability to make significant Capex investments to support our planned growth. Our new board complements the strong PTSL management and the relentlessly determined wider PTSL team.”
Tikehau Capital Executive Director, Corinne Phillips, said, “The company’s differentiated business model has enabled it to carve out a solid position in a rapidly growing market. We look forward to working with the PTSL team and the rest of the Board, leveraging our expertise and presence in key global markets to accelerate its international expansion and to help them execute their transition to being an industry benchmark on sustainability.”
