Virtium Secures Investment by Court Square Capital Partners

Virtium LLC secured an investment from Court Square Capital Partners.

They will partner to drive design innovations and develop next-gen SSDs and other semiconductor modules to address multiple markets’ growing demand for secure storage in the 4G/5G mobile infrastructure and industrial IoT applications.

Court Square brings an experienced investment team, having completed over 225 investments, including technology firms such as Fairchild, Intersil, AMI Semiconductor and others. Over a 40-year history, it has navigated through numerous economic, industry and financial cycles, completed multiple landmark transactions, and developed numerous businesses into market leaders.

“Partnering with Court Square is strategic for Virtium to enter our next phase of growth,” said Phu Hoang, co-founder, CEO, and board member, Virtium. “Our customers worldwide will be pleased with the investments made to continue our innovations to support their growing demands for high-reliability memory and SSDs. We would like to thank our exiting partner, L Squared Capital Partnershttp://www.lsquaredcap.com/, who has been instrumental in providing guidance and support over the past four years for us to be able to drive innovations and assemble a world-class management team and board members.“

“Virtium has a strong history of founder-led growth supported by a world-class management team,” said Joseph Silvestri, managing partner, Court Square. “Court Square has deep domain expertise in the semiconductor space. We are excited to combine our experience and resources with the excellent operators at Virtium to position the company for continued success.“

“Virtium’s innovation and strong execution over the past few years has led to more than doubling of revenue and its management team has proven to be able to drive continued organic growth,” said Steve Litchfield, Virtium’s board member. “Virtium is in a strong position to acquire companies in a similar space. It is the company to watch over the next couple years.”

Read also:
Private Equity Firm L Squared Completes Exit of Virtium
Selling equity interests to Court Square Capital Partners
May 15, 2019 | Press Release