Millions in investments through PET funds

Up to now the PET funds (Pri­vate Equity Thürin­gen) coör­di­nated by bm|t beteili­gungs­man­age­ment thürin­gen gmbh has autho­rised 19 share invest­ments amount­ing to 34 mil­lion euros. To date these PET share invest­ments have secured 250 exist­ing jobs and cre­ated 90 new jobs.

Com­pa­nies which have par­tic­u­larly prof­ited from new equity and were able to realise their invest­ment plans are active in the fields of med­ical tech­nol­ogy, auto­mo­tive and mechan­i­cal engi­neer­ing, IT and biotech­nol­ogy. “I am delighted that it was pos­si­ble to strengthen two such out­stand­ing pil­lars of the Thuringian econ­omy as the auto­mo­tive and med­ical tech­nol­ogy sec­tors”, said Dr. Guido Bohnenkamp, man­ag­ing direc­tor of bm|t.

For exam­ple Funke & Will AG relo­cated its pro­duc­tion of a Road­ster to Königshofen (Eisen­berg) in Thuringia, Sirs-Lab GmbH in Jena invested in the devel­op­ment of a new sep­ti­caemia diag­no­sis process and Alea GmbH in Jena is devel­op­ing new soft­ware for mail-order busi­nesses. Com­pa­nies financed through PET funds have filed 80 patents to date.

Since July 2006, PET cap­i­tal funds in the form of share­hold­ing have been avail­able to small and medium-sized enter­prises in growth sec­tors. The funds have an endowed value of 71 mil­lion euros: this is money from the Euro­pean Union, Thürin­gen Auf­baubank and pri­vate investors. The PET funds are coör­di­nated and man­aged by beteili­gungs­man­age­ment Thürin­gen GmbH, a sub­sidiary of Thürin­gen Auf­baubank. The funds are avail­able until the end of 2008.