VCs make solar sale

Tevet Process Control Technologies, a semiconductor company based in both the US and Israel, has been sold by its private equity backers to Nanometrics Incorporated, a NASDAQ-listed supplier of metrology technology.

Tevet was backed by Cipio Partners, Eurofund, Intel Capital, Ofer Hitech and Goldmann Investments. It designs, manufactures and markets high-performance process control metrology systems used in semiconductor manufacturing. The company closed its last round of funding in July last year, raising US$2.75m in financing from a group of investors led by Eurofund, bringing the total amount of funding received to US$13m.