CHB Capital Partners Exits HiRel Systems with 25.9% IRR
March 08, 2012
CHB Capital Partners has sold HiRel Systems to Vishay Intertechnology (NYSE: VSH) for $85 million, realizing a 25.9% IRR and 2.6x return on its investment. The sale marks the sixth exit for the firm's CHB Capital Partners II fund. HiRel is a designer and manufacturer of custom magnetic components and power supplies, and was acquired by CHB in October 2002.