Twintec AG (XTRA:TIN) announced a private placement of common shares with new investor, Perseus, L.L.C. on March 26, 2012. The investor will acquire 45% stake in the company.

On March 27, 2012, the company announced that the investor invested through its fund, Perseus Partners VII, L.P. As part of the round, Marcus Hausser of Perseus, L.L.C. has joined the board of the company as the Chairman. Helbling Corporate Finance GmbH served as advisor to the company.

On August 7, 2012, Twintec AG closed the transaction. The investor acquired an additional 12% stake in the company through exchange of existing shares. P+P Pöllath + Partners team led by Otto Haberstock, M.C.J. including Eva Nase served as the legal advisors to the investor. The investor now holds 57% stake in the company.