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New Investment Fund for Thuringian Companies

bm|t beteili­gungs­man­age­ment thürin­gen gmbh, Erfurt, goes into oper­a­tion of the invest­ment funds with Pri­vate Equity Thürin­gen GmbH & Co. Zweite Beteili­gun­gen KG (PET II). The fund is endowed with € 40 mil­lion. Its focus is on the fund­ing of young, tech­nol­ogy-ori­ented com­pa­nies as well as small, medium-sized enterprises.

The fund pro­vides new impulse for fur­ther devel­op­ment of fast-grow­ing com­pa­nies in Thuringia and also acti­vates other financ­ing part­ners into mak­ing invest­ments in these sem­i­nal com­pa­nies”, says Dr. Guido Bohnenkamp, man­ag­ing direc­tor of bm|t.

It is pre­cisely the newly-founded com­pa­nies and the small fast-grow­ing com­pa­nies who often find it dif­fi­cult to obtain the cap­i­tal resources nec­es­sary for the devel­op­ment and growth of the com­pany. Pri­vate investors and banks are fre­quently reluc­tant to pro­vide such financ­ing. This cre­ates a void in financ­ing for these com­pa­nies, which must then be filled by Fed­eral and State ven­ture cap­i­tal companies.

For the future PET II will receive invest­ments of up to € 4 mil­lion with no sec­tor con­straints. “We see our­selves as a uni­ver­sal invest­ment com­pany which invests fun­da­men­tally in all sec­tors”, empha­sises bm|t’s man­ag­ing direc­tor Dr. Guido Bohnenkamp. Of course a pre­req­ui­site is that the com­pany is based in Thuringia or that it has at least sub­stan­tial activ­i­ties in Thuringia. The fund’s cap­i­tal comes from the Thüringer Auf­baubank , bm|t and the Ärztev­er­sorgung Thüringen.

The pre­vi­ous Pri­vate Equity Thürin­gen GmbH & Co. KG (PET I) fund totalling € 49 mil­lion was shared openly and calmly by 25 com­pa­nies in the period from June 2006 to June 2009. The invest­ments are still current.

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