DGAP-News: bmp AG: bmp wins mandate for a EUR 20 million early phase fund in Brandenburg
(firmenpresse) - bmp AG / Miscellaneous
25.03.2010 10:00
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bmp AG: bmp wins mandate for a EUR 20 million early phase fund in
Brandenburg
Berlin, 03/25/2010
bmp AG (ISIN DE0003304200) has won the mandate to manage a EUR 20 million
early phase fund in Brandenburg. bmp will thus significantly increase its
assets under management in the area of venture capital direct investments,
and is taking a further step towards its strategic aim of managing
primarily third-party funds as a fund manager.
bmp also succeeded in recruiting Lars Michalak, who previously worked for
many years as an investment manager at IBB Beteiligungsgesellschaft in
Berlin, as a partner in its management of the fund. He will head the
Potsdam office.
In a joint press release from the Ministry for Economic and European
Affairs (MWE), InvestitionsBank des Landes Brandenburg and bmp, the
collaboration was publicised today as follows:
+++ New fund strengthens young Brandenburg companies
- EUR 20 million risk capital fund for young, innovative and small
companies -
A new fund is being established in Brandenburg for young, innovative, small
companies. Its objective is to strengthen the equity base of these
companies in the early phase through open-ended equity investments in
conjunction with subordinated loans. The fund volume is EUR 20 million.
Investments in corporations are planned of up to EUR 1 million in total per
company based in or with facilities in Brandenburg. The involvement of
private investors such as business angels is possible and desirable.
The Ministry of Economics commissioned InvestitionsBank des Landes
Brandenburg (ILB) to develop this fund. The ILB thus established BFB
Frühphasensfonds Brandenburg GmbH (Frühphasensfonds) as a wholly-owned
subsidiary. 75% of the fund's resources will be provided by the European
Regional Development Fund (ERDF), and 25% from budget funds of the State of
Brandenburg.
Management of the investment company has been assumed by the listed company
bmp AG, which won a public Europe-wide tender. bmp AG has more than 12
years' experience in early phase financing and will use this to support
young companies. bmp AG's fund management team has officially assumed its
activities and opened an office in InvestitionsBank des Landes Brandenburg,
which will be headed by Lars Michalak.
Ralf Christoffers, the Brandenburg State Minister for Economic and European
Affairs, commented on today's signing of the contract: 'The new risk
capital fund will offer additional equity to young, innovative and small
companies in Brandenburg. This will enable young corporate structures to be
developed and strengthened. At the same time, this will reinforce
Brandenburg as an innovation location - and innovation strength is a
competitive advantage. Most encouraging is that the fund profits will be
available to promote small and medium companies in Brandenburg when the
investment is completed.'
Klaus-Dieter Licht, Chairman of the Management Board of InvestitionsBank
des Landes Brandenburg (ILB), commented: 'Equity weakness among many young
companies is often a barrier to successful development. The new fund
continues ILB's offering to strengthenthe equity of young Brandenburg
companies. We are confident that the new BFB Frühphasenfonds Brandenburg
and the work of its fund manager bmp will make a key contribution to the
long-term growth of innovative companies in the State of Brandenburg'.
'We are delighted by this order and the confidence it represents. We
believe that, on the basis of our twelve years of experience in early phase
financing, our strong deal flow and our regional expertise, we will be able
to build and develop a successful portfolio of promising growth companies,'
explained Oliver Borrmann, CEO of bmp AG.
About InvestitionsBank des Landes Brandenburg (ILB):
InvestitionsBank des Landes Brandenburg (ILB) was founded on 31 March 1992
as a public-law institution. The members of the bank's Management Board are
Klaus-Dieter Licht (Chairman) and Jacqueline Tag. As a central development
bank, InvestitionsBank supports the State of Brandenburg and other public
bodies in fulfilling their tasks with around 490 employees. ILB's core
business is the promotion of public and private investment projects in
economic, infrastructural and residential construction areas. Using funds
from the State of Brandenburg, the Federal Government, the European Union
and its own funds, ILB offers grants, loans at favourable interest rates,
guarantees and venture and equity capital.
About bmp AG:
With a background of experience of more than 100 investments in almost all
technology segments, over 90% of which were early phase, bmp AG (ISIN
DE0003304200) is one of the most experienced venture capital investors in
Germany. bmp also has outstanding exit expertise, as evidenced by 14 IPOs
and 30 trade sales from its own portfolio. These are the best possible
prerequisites for building a portfolio of innovative growth companies for
BFB Frühphasenfonds Brandenburg in the coming years, which in turn will
help to increase the economic output and attractiveness of Brandenburg.
Further information on ILB, BFB Frühphasenfonds and bmp AG can be found at
www.ilb.de and www.bmp.com
Contact:
+ bmp AG
Schlueterstrasse 38, 10629 Berlin, Germany
Corinna Riewe
Investor Relations
Tel.: +49-(0)30 - 20 30 5-567E-Mail: criewe(at)bmp.com
+ Ministerium für Wirtschaft und Europaangelegenheiten
Heinrich-Mann-Allee 107, 14473 Potsdam, Germany
presse office
Tel.: +49-(0)331 - 866-1509
E-Mail: pressestelle(at)mwe.brandenburg.de
+ InvestitionsBank des Landes Brandenburg
Steinstrasse 104 - 106, 14480 Potsdam, Germany
Matthias Haensch
press officer
Tel.: +49-(0)331 - 660-1505
E-Mail: presse(at)ilb.de
This issue of Corporate News represents neither an offering nor a request
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This issue of Corporate News represents neither an offer for the sale of
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information purposes.
25.03.2010 10:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: bmp AG
Schlüterstraße 38
10629 Berlin
Deutschland
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-555
E-mail: ir(at)bmp.com
Internet: www.bmp.com
ISIN: DE0003304200
WKN: 330420
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg; Foreign
Exchange(s) Warschau
End of News DGAP News-Service
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