HTI High Tech Industries AG (WBAG:HTI) announced that it will raise €26 million in an equity round of funding led by new investor, Metric Capital Partners I, a fund managed by Metric Capital Partners LLP on March 13, 2014. The transaction will also include participation from new investor, ICS Partners GmbH.

March 27, 2014, HTI High Tech Industries AG closed the transaction. The company issued 16,914,660 shares at €1.5371 per share to the investors. As part of the transaction the investors got 88.84% stake in the company. The transaction was a recapitalization round of funding. As a part of the transaction, John Sinik and David Scheurl of Metric Capital Partners LLP, Ingo Zemke and Jörg Gregel of ICS Partners GmbH joined company's board of directors. Andrea Gritsch of WOLF THEISS Rechtsanwälte acted as the legal advisor to the investors. Thomas Zottl of Freshfields Bruckhaus Deringer acted as the legal advisor and Klaus Mittermair and Mario Pichler of KPMG Advisory AG acted as the financial advisor to the company.