Leonardo Venture GmbH & Co. KGaA
Leonardo Venture increases stake in portfolio companies
Mannheim (euro adhoc) -
- ISIS sentronics and MedicalCommunications receive further financing
- Fresh funds serve to promote growth at holdings
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investments
Leonardo Venture GmbH & Co. KGaA has decided to make further funds available to two of its shareholdings. ISIS sentronics GmbH and MedicalCommunications Soft- und Hardware GmbH are to receive a total sum of 1.9 million euros. The companies are developing highly positively in their respective market environments, with the effect that Leonardo Venture now deems it logical to increase its stakes and grant additional dormant participations.
The manufacturer of functional sensors for industrial measurement and testing technology ISIS sentronics is to receive funds of 1.3 million euros. At the same time Leonardo Venture is increasing its stake in the company by 3.99 percent, to 49.99 percent. The funds are to be deployed for the further development of products and for the recruitment, amongst others in the sales department. Medical Communications Soft- und Hardware GmbH, whose fair value was amended as of September 30, 2008, considerably intensified its sales activities in the fourth quarter of last year, and has already attained a large proportion of its planned revenues for the 2009 business year. In order to pre-finance existing orders the provider of medical software and hardware solutions is being granted funds of 0.6 million euros. The stake held by Leonardo Venture is to be increased by 14.84 percent, to 49.87 percent.
After Leonardo Venture had to write down two shareholdings completely in 2008 following a review of the portfolio, the company is now focusing on the further development of its existing, promising portfolio and on selected fresh investments. Leonardo Venture is financing the transactions from its liquid funds. Even following the upcoming financing measures, these funds will still be available to a sufficient degree.
About Leonardo Venture GmbH & Co. KGaA Leonardo Venture GmbH & Co. KGaA is a holding company focusing on companies in the fields of health and life quality in Germany and other German-speaking countries. As an early-stage investor Leonardo Venture not only makes available capital but also extensive know-how to its shareholdings for their business development.
end of announcement euro adhoc
Further inquiry note:
Sandra Schwarz
Telefon: +49 (0)621 438 430 27
E-Mail: schwarz@leonardoventure.de
Branche: Financial & Business Services
ISIN: DE0005878763
WKN: 587876
Börsen: Börse Frankfurt / regulated dealing/prime standard