Nanogate AG: BIP Investment Partners becomes new anchor investor
Luxembourg-based investment company acquires 10.5% of Nanogate shares – Long-term investment planned, minimum holding period 1 year
BIP Investment Partners is acquiring off-market 200,000 shares of which the majority is from the Nanogate Technologies GmbH holding, consisting mainly of equity held by financial investors (3i, Sal. Oppenheim, equinet ESCFI, SET). To make up the 10.5%, NanoTec Beteiligungen GmbH (Management) is also contributing shares. Secrecy was agreed on the purchase price. BIP Investment Partners is an independent equity investment company listed in Luxembourg. It currently manages a volume of €600 million and holds shares in more than 30 companies, including indirectly two nanotechnology firms. The largest shareholder in BIP Investment Partners, which was founded in April 2000, is Fortis Banque Luxembourg.
Marc Faber, General Manager of BIP Investment Partners, said, “Nanogate AG has a very interesting business model and very good management. It is outstandingly well positioned strategically and extremely successful operationally. We aim to accompany Nanogate on a long-term basis as a generator of ideas. We are convinced that our commitment will pay off in many ways.” Within the scope of its equity holding the new anchor investor will make use of its existing network to support the company on its growth course. “BIP Investment Partners’ commitment to Nanogate confirms us in our conviction that our business has enormous growth potential. We are delighted to have gained the extra expertise and good contacts,” said Ralf Zastrau, CEO of Nanogate AG. “We anticipate additional positive effects in the implementation of our NEXT growth programme.” Saarbrücken-based Nanogate AG is currently growing dynamically and recently gained access to the US market with a large order placed by a leading bathroom fixtures company. For the past three years, sales have grown by an average of 65.7% per annum.
As a result of the transaction Nanogate AG’s shareholder structure will in future be as follows:
Free float: 31.7%
Nanogate Technologies GmbH: 49.6%
BIP Investment Partners: 10.5%
NanoTec Beteiligungen GmbH: 8.2%
BIP Investment Partners:
BIP is a Luxembourg-based investment company listed on the Luxembourg stock exchange. As an institutional investor BIP holds stakes in well-known listed companies in Luxembourg and the adjoining region. The company is also active in private equity and invests in venture capital funds. As a part of its mission BIP promotes the entrepreneurial spirit and supports innovative business projects in the region. The BIP share forms part of the Luxembourg stock exchange’s LuxX index.
NC Gesellschaft e.V.
Nanogate is a leading international enabler in the nanotechnology growth market and so opens the gate to this technology for its customers. The Saarbrücken-based firm enables the programming and integration of additional properties such as non-stick, anti-bacterial, anti-corrosive, ultra-low friction. Nanogate thereby gains a competitive edge for its customers by product refinement using chemical nanotechnology.
Nanogate covers a wide range of industries, functions and substrates already on the basis of technology platforms. The company thus provides a decisive interface for the commercialisation of chemical nanotechnology, bridges the gap between raw materials and their industrial conversion into products and concentrates as an enabler on one of the most attractive segments in the industry. As a partner in innovation, Nanogate provides many services along the value chain - from development and production of innovative nanocomposites and nanostructured materials to powerful support for innovation and product integration.
The Nanogate Group currently has 60 employees in all (as of 31 December 2007) and since commencing operations in 1999 has been a pioneer in nanotechnology.
Nanogate is a high-growth company and has operated profitably since financial year 2004. In financial year 2007 it boosted consolidated sales by about 32.8% to around EUR 10.4 million. The earnings before taxes (EBT, according to IFRS) increased by about 32.8% to around EUR 1.5 million. The company has first-class customer references, such as ABB, BSH Bosch-Siemens Hausgeräte, Kärcher and Koenig &
Bauer AG, and many years' experience of different industries and applications. It has also entered into strategic cooperation with US companies Dow Corning and Ceradyne/ESK Ceramics and Authentix and with Giesecke & Devrient. The Group's consolidated entity includes Nanogate Advanced Materials GmbH, which specialises in safety engineering and optics. Nanogate also holds an investment with a majority option in Holmenkol AG.