Corporate | 18 September 2006 11:00
bmp AG: bmp fund management – new investments by König & Cie. private equity fund of
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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bmp fund management: new investments by König & Cie. private equity fund of
funds totalling EUR 10 million
Berlin, 18.09.2006
‘König & Cie. International Private Equity GmbH & Co. KG’, the private
equity fund of funds that bmp advises, has increased its portfolio to
include three additional attractive target funds with total commitment
volume which converts to around EUR 10 million. This means that the
currently committed volume of the fund of funds is now around EUR 26
million, which will be invested in eight different target funds in North
America and Europe. bmp advises König & Cie. on selecting target funds and
investment strategy.
The funds in which these new investments are now to be made are KKR Global
2006 Fund, Thomas H. Lee Equity Funds VI and Francisco Partners II.
In accordance with the proven methods of KKR, KKR Global 2006 Fund will
carry out investments in large and very large buyouts, primarily in North
America. König & Cie. will invest USD 5 million in these funds, the target
volume of the fund as a whole amounts to more than USD 15 billion. Two
investments have already been made.
Thomas H. Lee Equity Fund VI will also be active in making investments in
large buyouts, primarily in North America, and has a target volume of USD 8
billion – five investments have already been made. The investment in this
fund from the Private Equity fund of funds of König & Cie. will amount to a
total of USD 5 million.
And, finally, the investment in Francisco Partners II, which was fixed at
USD 2 million by the Private Equity fund of funds of König & Cie. in 2005,
has been raised to USD 4 million. The Francisco Partners II fund is to have
a volume of USD 2.3 billion and is already in possession of portfolio
companies. The investment strategy provides for buyouts and growth
financing exclusively in the Technology segment.
The König & Cie. private equity fund is a fund of funds that invests
exclusively in select private equity funds. Its focus is directed towards
target funds with investment concentrations in Europe (approx. 50-60%) and
in North America (approx. 30-40%). Under the auspices of this strategy, the
fund is to invest in up to twelve target funds, each of which is in turn to
invest in 10 to 20 companies.
The portfolio consists at present of six buyouts and two venture capital
funds involving funds of such renowned companies as the Carlyle Group, Oak
Hill Capital Partners, Wellington Partners, Gilde Buy-Out and Mangrove
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. An attractive rate of return for
the investor ought to be ensured on the basis of the selected target funds.
About bmp AG:
As an internationally active private equity company, bmp invests its own
funds directly in venture capital holdings while at the same time acting as
a fund manager for funds of funds and as a private equity advisor.
For further information:
bmp AG
Corinna Riewe
Investor Relations
Schlüterstraße 38
10629 Berlin
Tel: 030-20 30 5-567
Fax: 030-20 30 5-555
E-mail: criewe@bmp.com
Internet: www.bmp.com
This issue of Corporate News represents neither an offering nor a request
for the tendering of bids for the purchase of securities – particularly not
in the US and not in any countries or jurisdictions in which offers,
requests for the tendering of bids for purchases or for sales would not be
permitted without previous registration or approval in accordance with the
stipulations of the respectively applicable securities regulations.
This issue of Corporate News represents neither an offer for the sale of
individual proprietary shares nor a request for the submission of an offer
for the purchase of individual shares; it is intended solely for
information purposes.
(c)DGAP 18.09.2006
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Language: English
Issuer: bmp AG
Schlüterstraße 38
10629 Berlin Deutschland
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-532
E-mail: ir@bmp.com
WWW: www.bmp.com
ISIN: DE0003304200
WKN: 330420
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
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Foreign Exchange(s) Warschau
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