Amadeus sells Xelerated stake to Marvell Technology

Amadeus Capital Partners has sold its stake in Xelerated, a technology company focused on network processing and programmable Ethernet switching products based in Stockholm, Sweden, and Santa Clara, California, to Marvell Technology, a producer of integrated silicon products.

Financial details were not disclosed but the sale represents Amadeus’s second profitable semiconductor exit in the past 12 months, following the $367m (£237.8m) sale of Icera to Nvidia in May 2011.