Bertelsmann SE & Co. KGaA

Bertelsmann Capital Ventures pushes networking between European groups in promoting start-ups

    Munich (ots) -
    Corporate Venture Capital Roundtable in Munich with international
    The heads of corporate venture-capital units of leading companies
throughout Europe are having a high-powered get-together to compare
notes across industries, on Thursday in Munich. The talks are also
geared towards creating a joint forum for corporations to promote
young growth ventures in Europe in a targeted way.
    While many classical venture-capital companies are acting more
cautiously in this difficult capital market environment, the venture
capital units of major corporations find themselves in an
advantageous situation. Corporate venture capital is more important
than ever in times when purely financial investors are increasingly
reticent and apprehensive. In addition to providing the necessary
capital, major companies can also take advantage of their existing
brands and customer relationships to ensure the success of an
investment. Jan Kantowsky, Executive Vice President of Bertelsmann
Capital: "We are striving to network the expertise of groups across a
variety of industries in an effort to foster young growth ventures in
Europe in a targeted manner."
    The Corporate Venture Capital Roundtable has already taken place
twice at the national level; this is the first time it is being
extended to a larger circle, and includes participants from European
countries outside Germany. Thus, major corporations like Siemens,
DaimlerChrysler, SAP, Deutsche Post and Deutsche Telekom are now
being joined by international companies with a strong European focus,
like Philips, GE Capital, Intel, IBM or Accenture.
    Among other things, the Corporate Venture Capital Roundtable will
discuss the effects of the capital market crisis on
technology-oriented growth ventures, and the possibilities of
cooperating with Venture Capital corporations with no company
affiliation. Topics specific to portfolio management will also be
         High-ranking external specialists like Robert Womsley, Managing
Director of Schroeder Salomon Smith Barney's Global Private Equity
Group, and George Coelho, General Partner at Benchmark Capital, will
contribute to the discussion. T-Venture and DaimlerChrysler having
organized the first two events, the organizer of the third event in
the series is Bertelsmann Capital Ventures, which since April 2001
unites Bertelsmann AG's activities in the area of strategic minority
    Bertelsmann Capital Ventures
    Bertelsmann Capital Ventures (BCV) was founded in April 2001 and
bundles Bertelsmann AG's activities in the area of strategic minority
holdings. BertelsmannValley is the BCV unit specializing in
seed-stage financing. BCV aims to promote media and technology growth
ventures that may contribute to Bertelsmann's core businesses.
ots Originaltext: Bertelsmann
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Original-Content von: Bertelsmann SE & Co. KGaA, übermittelt durch news aktuell

Weitere Meldungen: Bertelsmann SE & Co. KGaA

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