Corporate | 16 September 2005 09:00
bmp AG: Green light for private equity fund of funds with König & Cie.
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Berlin, 16. September 2005
The private equity fund of funds initiated by bmp AG and Hamburg-based issuing
house “König & Cie. International Private Equity GmbH & Co. KG”, for whom bmp
acts as fund manager, was given the green light today.
Even before selling commenced, the fund effected four commitments in
internationally renowned target funds worth approximately EUR 11 million,
which have been backed by a placement guarantee by the initiator König & Cie.
The overall target volume of the fund is EUR 30-50 million.
This fund, with its subscription volume starting at just EUR 10,000 plus a 5%
premium, shall facilitate access to the private equity market for private
investors.
Among the selected funds are Carlyle Europe II (Buy-out Europe), Oak Hill
Capital Partners II, Francisco Partners II (Buy-out USA) and Wellington
Partners III (Venture Capital Europe).
The experienced managers of these funds have already generated above-average
earnings and are among the top performers in their particular market segments.
The initiators of the fund of funds expect a target return of considerably
more than 10% p.a. (IRR) for the investors.
bmp and König & Cie. have now completed the fund prospectus and submitted it
to the Federal Financial Supervisory Authority (BaFin) for approval. The fund
of funds shall be put into circulation via König & Cie. in mid October 2005 at
the latest.
About bmp:
As one of Germany’s leading venture capital companies, bmp directly invests
own funds in holdings and, at the same time, acts as a fund manager. With
experience gained from more than 80 own holdings, seven stock market
flotations as well as more than 20 trade sales from the portfolio, bmp is one
of the most competent venture capital companies in Germany and Poland.
About König & Cie.
The Hamburg-based issuing house König & Cie. GmbH & Co. KG develops and
realises closed-end funds in the areas of shipping, renewable energies,
foreign property, the secondary market for life insurance, and private equity.
Since the company was founded in 1999, it has initiated 44 funds with a total
investment volume of EUR 1.8 billion, for which equity of EUR 746 million was
raised. The company employs 75 staff. An annual certified income account
statement documents the successful development of funds launched to date. With
its website www.emissionshaus.com, König & Cie. offers this sector’s leading
internet portal.
For further information:
Corinna Riewe
Investor Relations
criewe@bmp.com
bmp AG, Alt-Moabit 59-61, D-10555 Berlin
This Corporate News represents neither an offer nor a request for an offer for
the purchase of securities to be submitted – especially not in the USA and
not in countries or jurisdictions in which an offer, a request for an offer
for the purchase of securities to be submitted or the sale of securities would
not be permitted under the prevailing Securities Law without prior
registration or listing.
This Corporate News represents neither an offer for the sale of shares made
out to the bearer nor a request for an offer for the purchase of shares to be
submitted. It is for information purposes only.
End of announcement (c)DGAP 16.09.2005
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WKN: 330420; ISIN: DE0003304200; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart; Warschau
160900 Sep 05