Corporate | 29 March 2006 10:00
bmp AG:bmp fund management – new investment by König & Cie. private equity fund of funds
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bmp AG: bmp fund management – new investment by König & Cie. private equity
fund of funds
Berlin, 29 March 2006
The private equity fund of funds König & Cie. International Private Equity
GmbH & Co. KG, which was launched by bmp, has added another attractive
target fund to its portfolio by investing in New Tech Venture Capital II,
which is managed by Mangrove in Luxembourg. The fund of funds is now
subscribed to six target funds with a total volume of EUR 16.3 million and
has already made initial returns on the fund. bmp advises König & Cie. on
selecting target funds and investment strategy.
Mangrove Capital Partners is a Luxembourg-based investment company
specialising in European venture capital investments. Mangrove Capital
Partners is one of Europe’s leading venture capital investors and has
performed outstandingly since its foundation in a EUR 50 million fund in
the year 2000. As one of the founder investors in Skype, which was sold to
eBay in 2005, Mangrove made one of Europe’s best ever venture capital
transactions. Investments by NTVC II are focused especially on the European
Internet and software segments. The fund was set up in September 2005 and
is to be closed in 2006 at a volume of EUR 100 million. The fund has
already made two investments.
The König & Cie. private equity fund is a fund of funds that invests in
select private equity funds. It focuses on target funds that mainly invest
in Europe (approx. 50-60%) and in North America (approx. 30-40%). Within
the framework of this strategy, the fund is to invest in up to twelve
target funds, which in turn invest in 10 to 20 companies each.
The portfolio currently consists of four buyouts and two venture capital
funds. These are funds of renowned companies such as the Carlyle Group, Oak
Hill Capital Partners, Wellington Partners, Gilde Buy-Out and Francisco
Partners. The design of the fund of funds guarantees the distribution of
investment capital among a large number of target companies, which
significantly reduces risks of default. The target funds subscribed to so
far are all top performers. This provides a sound basis for targeted
returns with a high level of risk diversification for private investors,
who can invest in the fund of funds starting from a minimum investment sum
of EUR 10,000.
About bmp AG:
As an international private equity company, bmp directly invests own funds
in venture capital holdings and, at the same time, acts as a fund manager
for funds of funds and as a private equity advisor.
For further information
Corinna Riewe
Investor Relations
Tel: ++49-(0)30-20 30 5-567
Fax: ++49-(0)30-20 30 535-567
Email: criewe@bmp.com
Internet: www.bmp.com
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This Corporate News represents neither an offer for the sale of shares made
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(c)DGAP 29.03.2006
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language: English
emitter: bmp AG
Alt-Moabit 59-61
10555 Berlin Deutschland
phone: +49 (0)30 20 305-0
fax: +49 (0)30 20 305-532
email: ir@bmp.com
WWW: www.bmp.com
ISIN: DE0003304200
WKN: 330420
indexes:
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf;
Foreign Exchange(s) Warschau
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