bm|t beteiligungsmanagement thüringen gmbh looks back over a successful year. In 2004, the fund management companies managed by bm|t, Thüringer Industriebeteiligungs-gmbh & Co. KG, Venture Capital Thüringen GmbH & Co. KG and Thüringer Innovationsfonds financed 15 companies with a volume of 8.9 million euros. At the end of the year bm|t managed a total of 44 participations, in which a total of 61 million euros was invested. The companies financed by bm|t employ approximately 2,400 people in Thuringia , of which 600 work in majority participations and 1,800 in minority participations.
“We used 2004 to implement the integration of the three funds and to create stable structures”, said the managing Director of bm|t, Dr. Guido Bohnenkamp.
During the preparation of a new fund – the Private Equity Thüringen GmbH & Co. KG (PET) – an important milestone was reached in December 2004: the EU approved the concept. This means that 30 million euros from the European Fund for Regional Development and 10 million euros of national co-financing by the State of Thuringian can now be released. As the fund will have a total volume of 70 million euros a further 30 million euros will have to come from investors. We are currently working intensively on this and we aim to generate the planned volume of 70 million euros in the summer.
The fund will be used to finance small and medium-sized businesses.
The biggest transaction was the capital increase of Moenus Textilmaschinen GmbH, in which bm|t has invested 4.9 million euros. Moenus Textilmaschinen GmbH is the successor company of the insolvent Stentex GmbH. It develops, manufactures and markets machines that are used in textile production and processing all over the world. Moenus employs a total of 430 people in 4 different locations, including approximately 100 in Gera . For the financial year ending in March, Moenus has forecasted sales in excess of 60 million euros.
Dentognostics GmbH is the company’s tenth investment in the area of biotechnology and medical technology. Dentognostics was founded 5 years ago. It develops tests that provide dental analyses of diseases such as parodontitis and caries at an early stage. A key advantage of this new method of diagnosis is that it allows the immediate evaluation of the test results during treatment.
bm|t has once again committed itself to DisplayCom Track Technologies GmbH, which is based in Jena , in the form of follow-up financing. DisplayCom develops special solutions for the optical detection and analysis of human movement. These systems allow statistical evaluations of customer flows in supermarkets and enable, for example, conclusions to be drawn about the promotional effectiveness of the marketing instruments used. The funds raised by bm|t, tbg Technologiebeteiligungsgesellschaft mbH and other investors are primarily used for the development of system solutions.