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Successful first half-year for bm|t

bm|t beteili­gungs­man­age­ment thürin­gen gmbh and Thüringer Auf­baubank have founded Pri­vate Equity Thürin­gen GmbH & Co KG (PET-Fonds) with an ini­tial cap­i­tal of 40 mil­lion euros. “This is a sig­nif­i­cant mile­stone for the estab­lish­ment of PET- Fonds”, stated Dr Guido Bohnenkamp, Man­ag­ing Direc­tor of bm|t beteili­gungs­man­age­ment thürin­gen gmbh. “For nego­ti­a­tions with other investors, the for­ma­tion of the com­pany is a clear sig­nal that we are on the right path”. As dis­cus­sions with poten­tial investors are devel­op­ing in pos­i­tive fash­ion , the par­tic­i­pa­tion of these investors is sched­uled to begin in the fourth quar­ter of 2005.

Once pri­vate investors have joined the ven­ture, bm|t will close the fund and then finance small and medium sized com­pa­nies with their head­quar­ters or oper­at­ing units in Thuringia via the fund. 25 per cent of the fund hold­ings are intended for young com­pa­nies, 75 per cent for estab­lished com­pa­nies with above-aver­age growth poten­tial. Hold­ings will be taken up purely with a view to yield. Total fund vol­ume will be 70 mil­lion euros.

The other three funds man­aged by bm|t – Thüringer Inno­va­tions­fonds, Ven­ture Cap­i­tal Thürin­gen GmbH & Co KG and Thüringer Indus­triebeteili­gungs GmbH & Co KG – have also devel­oped in pos­i­tive fash­ion in the first half of 2005. A total of approx­i­mately 7.5 mil­lion euro hold­ings have been approved. This is a con­sid­er­able increase over the vol­ume of 3.6 mil­lion euros in the same period last year. The new invest­ments cover both top­ping up exist­ing hold­ings and tak­ing up new. As demand for invest­ment cap­i­tal remains high and bm|t is receiv­ing many inter­est­ing enquiries, a sim­i­larly pos­i­tive trend is expected for the sec­ond half of the year.

At present, bm|t man­ages 43 hold­ings in com­pa­nies in Thuringia and the invest­ment is around 65 mil­lion euros.

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