Closed-End Funds
The HMW underwriter AG is able to announce the venture capital fund, the "MIG" series and the "Global Chance Fund" in 2012, the second exit. Participation in the Corimmun GmbH was sold to the pharmaceutical subsidiary of Johnson & Johnson. Fund investors have in part on payouts for the exit.
The Biotechnolgieunternehmen is a spin-off of the Universities of Tübingen and Würzburg, and uses the research results to develop novel drugs for cardiovascular disease and clinically prüfen.Vor of the transaction were also administered in addition to the HMW GFC Global Chance Fund (1.64 percent the shares of common stock), the MIG Fund 5 (9.38 percent) and 11 (16.49 per cent stake) to Corimmun. "The fund is it is a very lucrative deal," says CEO Matthias HMW Hallweger. Have caused a stir here in particular that Janssen-Cilag/Johnson & Johnson for an early phase II product outputs a three-digit million euro amount as the purchase price in addition to a "milestone" other dependent "earn out" arrangement.
About the actual purchase price for 100 percent of the participants have kept silent. Industry sources said it should, however, be some 100 million U.S. dollars. Beyond the sale, so Hallweger, were previously involved in fund management companies in the spin-out Advance Cor, which continues not Johnson & Johnson acquired projects, continue to participate. "This completes the economically very attractive package deal".
Sunday, July 29, 2012
HIH and Boxberg Start Capital Joint Venture Capital investment
HIH Hamburg real estate activity GmbH (HIH) and the British real estate private equity firm Boxberg Ca capital Limited (Boxberg Capital) have established the HIHBoxberg Capital GmbH & Co. KG (HIHBoxberg Capital) based in Hamburg. The joint venture in which both partners hold 50 percent, provides a platform for investments in German commercial properties with upside potential for domestic and international institutional investors.
HIHBoxberg Capital combines high operational excellence, and institu-tional know-how of the HIH with the structuring of international expertise and experience of Boxberg Capital. The joint venture may fall back into the acquisition as well as in property management on the resources of HIH, and in particular the high-performance IT systems for asset management and pro-perty.
Both partners have in the past, many projects jointly implemented. "We are very pleased that we are the good and long collaboration with Robbin Herring, one of the founders and Managing Direc-tor of Boxberg capital, can now continue through the joint venture," says Erik Marienfeldt, managing director of HIH.
"We are creating with an action-ready participants HIHBoxberg Capital in the German market for properties with appreciation potential," said Hans-Joachim Lehmann, Head of transactions at the HIH. "In view of the development on the property investment market is now the right time to go with HIHBoxberg capital at the start."
Robbin Herring adds: "With the establishment of HIHBoxberg Capital are both partners in a position perfectly to the changing demands of investors, vendors and financial partners to take and use the time of the most interesting market opportunities."
Thursday, July 26, 2012
Series: How to find the right investor Founder
Part 1 - The investor landscape in Germany
Accelerator incubator company-builder, business angels, venture capitalists - who is now looking for an investor has so many venues than ever before. At the same time it can be difficult for this flood to find the right partner or investor. Reason enough for start-up scene in order to even take a differentiated view of the start-up funding environment and present some of the most famous start-supporters.
Many new investors and incubators in Germany
Those who diligently pursued the entrepreneurial scene news in recent months, it has probably already noticed: there has never been so many ups from incubators in Germany as at present. For founders arising from increasingly extensive and fine tuned to different needs ways, firstly to get to an investor, but also for other assistance in team building, to get the ideas and networking.
In 2002 the World Bank has even set up an international network of incubators to life, to grab startups in developing countries under the arms. No longer just in publicly funded business incubators, but also increasingly from private hands while held consulting and coaching, to office space and related infrastructure or extensive services and service packages are used.
Accelerator incubator company-builder, business angels, venture capitalists - who is now looking for an investor has so many venues than ever before. At the same time it can be difficult for this flood to find the right partner or investor. Reason enough for start-up scene in order to even take a differentiated view of the start-up funding environment and present some of the most famous start-supporters.
Many new investors and incubators in Germany
Those who diligently pursued the entrepreneurial scene news in recent months, it has probably already noticed: there has never been so many ups from incubators in Germany as at present. For founders arising from increasingly extensive and fine tuned to different needs ways, firstly to get to an investor, but also for other assistance in team building, to get the ideas and networking.
In 2002 the World Bank has even set up an international network of incubators to life, to grab startups in developing countries under the arms. No longer just in publicly funded business incubators, but also increasingly from private hands while held consulting and coaching, to office space and related infrastructure or extensive services and service packages are used.
Evonik is investing in Pangaea Ventures Fund
Cleantech Ventures USAEvonikPangaea
Cleantech News / Eating, USA. Evonik Industries is strengthening its corporate venturing activities with an investment in the North American "Pangaea Ventures Fund III", based in Vancouver, Canada. The fund invests in young technology companies with focus on new materials and specialty chemicals, including new energy and environmental technologies and nanotechnology. With Corporate Venturing Evonik will invest a total volume of the medium leading up to EUR 100 million in promising start-ups and specialized venture capital funds.
Cleantech News / Eating, USA. Evonik Industries is strengthening its corporate venturing activities with an investment in the North American "Pangaea Ventures Fund III", based in Vancouver, Canada. The fund invests in young technology companies with focus on new materials and specialty chemicals, including new energy and environmental technologies and nanotechnology. With Corporate Venturing Evonik will invest a total volume of the medium leading up to EUR 100 million in promising start-ups and specialized venture capital funds.
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