Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > The German Investment Company, Nanostart AG, Acquires Russian Asset Manager

Abstract:
The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart's market entry in Russia as an investment company in the area of venture capital.

- Acquisition and renaming of licensed asset manager
- Purchase price of EUR 2.4 million in cash
- Regulatory requirements for market entry fulfilled
- Locations in Moscow and Perm

The German Investment Company, Nanostart AG, Acquires Russian Asset Manager

Frankfurt am Main, Germany and Moscow, Russia | Posted on October 22nd, 2011

The Frankfurt-based nanotechnology investment company Nanostart AG has acquired a licensed asset management company in Russia that will trade as Nanostart Russia Asset Management Ltd in future. The corresponding contracts have been signed in Moscow and the purchase price of EUR 2.4 million has been paid in cash.

The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart's market entry in Russia as a fund manager in the area of venture capital. The company is domiciled in Moscow with an office in Perm.

The Russian corporation has a license for the administration of investment funds. In Russia, the area of fund management is centrally regulated. In order to manage and administer third-party funds, assets and participations, fund managers must be authorized or licensed by the relevant authorities in accordance with clearly defined conditions based on the criteria for fund managers as set out by the UK FSA (Financial Services Markets Act) and the US SEC (Securities Exchange Act).

With the acquisition of the future Nanostart Russia Asset Management Ltd, Nanostart is paving the way for the management of venture capital funds in Russia. Nanostart is entering the Russian market in close cooperation with RUSNANO, the largest government nanotechnology investor in Russia with funds of USD 10 billion. In April this year, Nanostart obtained the mandate for the Kama Fund First - a EUR 50 million venture capital fund for nanotechnology companies in the Perm economic region - from RUSNANO and the governor of the Perm region.

"Nanostart Russia Asset Management Ltd provides us with the regulatory basis for the management of investment funds in Russia. From our perspective, the mandate for the Kama Fund First is just the first in a range of funds that we intend to initiate with our strong Russian partners over the coming months and years," commented Vladimir Bogomolov, Director Eastern Europe at Nanostart AG.

In addition to Bogomolov, Dr. Stefan Elsser, Senior Venture Partner at Nanostart AG, will be responsible for activities in Russia.

####

About Nanostart AG
Nanostart AG headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary Nanostart Asia and the venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government.

About RUSNANO:

RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. For further information about RUSNANO, please visit www.rusnano.com.

About Perm:

The administrative district Perm region is situated at the western edge of the Urals, on the border with the Asian part of Russia. Perm is one of the most important industry regions within Russia. Around 500 large and medium-sized companies are based here. The crude oil, natural gas, metalworking and chemical industries continue to account for a significant proportion of industrial production, while mechanical engineering also enjoys strong exports. However, innovative industries and technologies such as nanotechnology are becoming increasingly important for Perm’s international competitiveness. Projects and companies in this area are benefiting from the extremely positive conditions and subsidies available in the region. For further information about Perm, please visit www.perm.ru.

Disclaimer:

This communication does not constitute an offer to sell or a request to submit an offer to buy or subscribe to securities. No initial public offering (IPO) of securities of Nanostart AG is taking place in connection with the listing of shares in the Open Market sub-segment of the Frankfurt Stock Exchange, the “Entry Standard”. This communication does not constitute a securities prospectus. This communication and the information it contains are not meant to be directly or indirectly forwarded to or within Canada, Australia or Japan.

For more information, please click here

Contacts:
Nanostart AG
Dr. Hans Joachim Duerr
Head of Corporate Communications
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 150
e-mail:

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Conductive Inks: booming to $2.8 billion by 2024 April 17th, 2014

High-temperature plasmonics eyed for solar, computer innovation April 17th, 2014

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Premier Healthcare Pitch Competition comes to Atlanta this May April 12th, 2014

Harris & Harris Group Notes Mersana's Collaboration Agreement With Subsidiary of Takeda Pharmaceutical Co. April 8th, 2014

Announcements

More effective kidney stone treatment, from the macroscopic to the nanoscale April 17th, 2014

High-temperature plasmonics eyed for solar, computer innovation April 17th, 2014

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

Acquisitions/Mergers/Splits

Applied Nanotech Holdings, Inc. (OTCQB: APNT) and Nanofilm, Ltd. Sign Merger Agreement March 14th, 2014

Harris & Harris Group Notes Molecular Imprints' Semiconductor Business To Be Acquired By Canon February 14th, 2014

FEI Buys Digital Rock Solutions Provider and microCT Product: Lithicon’s Solutions Will Expand FEI’s Oil & Gas Industry Offerings February 5th, 2014

World Mobile Holdings, Inc. Completes Order for Signage Media Player System and Announces the Merger Plan January 9th, 2014

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE