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Read the news releases from Horizonte Venture Management GmbH
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SDK to Enter Purification Resin Market through Strategic Investment

07 Dec 2012

Tokyo, Japan, and Villach, Austria, December 7, 2012-Showa Denko K.K. (SDK) has signed a strategic partnership agreement with BIA Separations (BIASep), of Austria. The partnership includes SDK's investment in BIASep as well as joint marketing and R&D. With the partnership, SDK will be ready to expand its business to a market of purification resins used for manufacturing biopharmaceuticals and for industrial applications.

SDK is conducting a separation/ refining business, developing, manufacturing, and selling various products pertaining to high-performance liquid chromatography (HPLC*). SDK has been providing a wide variety of analytical HPLC columns** with the brand of "ShodexTM". for more than 40 years. The ShodexTM columns are delivered to wide-ranging customers in the world, including public institutions and R&D/quality control sectors of private enterprises, through the Showa Denko group's global sales network.

This time, SHK decided to enter the purification resin market through the strategic partnership with BIASep, expecting to achieve good synergistic effect in terms of both technology and product mix. The market is expecting to grow rapidly with the expansion of the biopharmaceutical industry. SDK will fully utilize the technologies it has amassed through the ShodexTM business to enhance the synergies.

Purification resins are used for refining desired components/ chemicals from culture/ reaction solutions for biopharmaceuticals and industrial manufacturing processes. SDK's protein analysis technology and know-how acquired through the ShodexTM business will be fully utilized, as protein purification plays a key role in the purifying process for biopharmaceuticals.

Efficiency in purification is generally low, resulting in high production costs of biopharmaceuticals. However, BIASep has developed CIM® Monoliths*** (Convective Interaction Media®), which ensure more efficient purification, compared with competitors' purification resins. SDK has judged that it is best to enter into a tie-up with BIASep to realize a participation in the purification resin market.

Through the partnership arrangement with BIASep, SDK will acquire know-how concerning development, production, quality control, and marketing of purification resins. Furthermore, SDK will aim to strenghten business relations with producers od biopharmaceuticals, thereby expanding its separation/ refining business.

*HPLC: A form of chromatography for analyzing compounds. Pressurized liquid is pumped into and passed through a column packed with gels. This process enables efficient separation as well as quick and high-sensitivity detection and determination of various compounds. This technology is applicable to any water- or oil-soluble compounds, and is used in wide areas such as organic chemistry, polymer chemistry, medicine, food, and environmental analysis.

**HPLC columns: Stainless-steel or plastic columns packed with beads gels (spherical particles). A sample to be analyzed (liquid) is injected into the column from one end. Various chemical components contained in the sample are separated, depending on the characteristics of the particles and chemicals, extracted from the column, and analyzed. SDK offers more than 800 different types of HPLC columns.

*** CIM® Monoliths: Block-type formed media for purification and analytics. As various functional groups are attached to the surface, CIM® Monoliths enable more efficient separation and analytics (PAT) of viral particles and large biomolecules (proteins, DNA, etc.) compared to beads gels.

Contact:

Lidija Urbas, Ph.D.
BIA Separations
Tel.: +386 59 699 500
lidija.urbas@monoliths.com


JSR Corporation/Japan and BIA Separations/Slovenia announce strategic partnership including investments by JSR Corporation in BIA Separations

18 Jan 2012

Tokyo, Japan, January 18, 2012- JSR Corporation (Head Office: Minato-Ku, Tokyo, President: Mitsunobu Koshiba) and BIA Separations (Head Office: Villach, Managing Director and CEO: Ales Å trancar) announced that they have entered a strategic partnership which includes a minor equity position by JSR on November 14th 2011.

As a result of this investment, JSR and BIA Separations have started a joint global marketing and sales effort and collaborative R&D activities in the area of downstream purification as part of the manufacturing of vaccine, DNA and antibody based medicines.

From JSR's perspective, teaming up with BIA Separations will give JSR access to a unique and leading edge technology in the field of downstream purification of large bio-molecules. Combining this technology with JSR's proprietary Protein A media, we offer the bio pharmaceutical industry a faster, more reliable downstream purification process at a lower cost of ownership. This will contribute to make advanced treatments accessible to a larger part of the human society.

BIA Separations recognizes that JSR Corporation is a leading polymer chemistry manufacturer with a very strong commitment to the life sciences industry. JSR's global presence in the local markets and JSR's expertise in the field of consistent high quality volume manufacturing will help BIA Separations to successfully grow its business while maintaining its technological leadership. This partnership is a very important message to the industry as it secures the long term presence of BIA Separations and its technology and products on the market.

About JSR

JSR Corporation is a multinational company employing over 5000 people worldwide and a leading materials supplier in a variety of technology driven markets. JSR's global network is headquartered in Tokyo (Japan) and has factories and offices in Europe, US, China, Taiwan, Korea and Singapore. JSR is a research-oriented organization that pursues close collaborations with leading innovators in a number of industries that are a key to the present and future welfare of human society: life-sciences, energy storage, electronic materials, display and optical materials. For more information about JSR Corporation, please go to www.jsr.co.jp or call Yoshiko Takeda at +81 3 6218-3517.

About BIA Separations

BIA Separations is the only worldwide developer and manufacturer of CIM Convective Interaction Media® -- short monolithic chromatographic columns optimized for the separation and purification of large bio-molecules and viral particles on the laboratory and industrial scale. For more information about BIA Separations please call Gregor Kranjc at +386 59 699 500.


Horizonte sells stakes in HITRA and TRIGGER

15 Mar 2011

Horizonte announced today the sale of its stakes in HITRA produkcija dokumenata d.o.o. and in TRIGGER d.o.o., Zagreb, Croatia.

HITRA is a leading company in the Croatian market and specializes in providing document production services. This includes collection of files, formatting, printing on pre-defined forms, inserting in envelopes and delivering the prepared packages to the distributor of the customer's choice. The company holds a market share of about 70% in Croatia.

TRIGGER is an innovative company that has developed a unique marketing tool under the brand "Direct Marketing Solution" which is an innovative IT supported technological solution for the execution of direct marketing campaigns.

The stakes were sold to BRZA produkcija d.o.o., Zagreb, a 100% subsidiary of Nexus ALPHA Fund, a private equity fund managed by NEXUS Private Equity Partneri, Zagreb, for an undisclosed price.

"Through the strategic investment of NEXUS the success of HITRA and TRIGGER will be continued and expanded since this will allow HITRA to capitalize on providing an even more comprehensive offer to customers including distribution services", says Mag. Martin Wodak, Horizonte Partner. "We would like to thank the excellent management of HITRA and TRIGGER which has made this successful exit possible", he adds.


Successful Opening of Alta Shopping Center

20 Dec 2010

Horizonte is proud to announce the successful opening of Alta Shopping Center in Sarajevo/Bosnia Herzegovina on the last weekend.

On a total surface of 24,000 m2 Alta offers a wide selection of international renown retail stores in combination with a top-notch catering concept delivering the latest hot cafe and restaurant chains like Vapiano to Sarajevo. The project is a joint initiative between Crow Holdings, US, and Horizonte Venture Management, Austria.

"Alta shows that through endurance state-of-the-art projects can be realized successfully in this region despite the current difficult economic environment", says Dr. Alfred Matzka, Horizonte Partner.

For more information please refer to:

www.alta.ba
www.triland.ba


Horizonte sells stake in BRIGO Invest GmbH

09 Oct 2009

Horizonte announced today the sale of its stake in BRIGO Invest GmbH. Through its 100% subsidiary BRIGO Invest d.o.o. the company operates a production plant for brown coal briquettes in Banovici, Bosnia and Herzegovina. The stake was sold to EPS Lastro d.o.o., a leading producer of styropor products in Bosnia and Herzegovina, for an undisclosed price.

"After having successfully completed the start of operations of the greenfield investment into a state-of-the-art coal production plant BRIGO Invest will be developed further with the support of EPS Lastro d.o.o., a company which has already demonstrated its capability to successfully develop a business in Bosnia & Herzegovina in the long-term. BRIGO Invest is one of the examples where foreign investments have turned into long-term value added for the Bosnian economy while also creating an attractive double digit return for investors", says Mag. Martin Wodak, Horizonte Partner.


BIA Separations signs € 8 m loan contract with EIB

02 Mar 2009

Vienna/Klagenfurt/Ljubljana - Horizonte Venture Management (Horizonte) is pleased to announce that its portfolio company BIA Separations d.o.o. (website: www.biaseparations.com) has signed a loan contract in the amount of € 8 million with the European Investment Bank ("EIB") on March 1, 2009 under EIB's Risk Sharing Financing Facility. According to EIB officials the loan constitutes the first direct loan of EIB to an SME at all. The signing ceremony took place in Ljubljana with the participation of Philippe Maystadt, president of EIB, and Slovene government officials.

The loan will be used by BIA Separations to continue the further successful development of its business including the set up of a new state-of-the-art production plant in Ajdovscina/Slovenia and the execution of R&D projects, an overall project volume of approximately € 24 million.

Dr. Matej Penca, Managing Partner of Horizonte Venture Management, commented: "This is another important step in the development of BIA Separations to become a global leader as supplier of "intelligent filters" to the biopharmaceutical industry. Through the financing from EIB BIA Separations is in the position to translate its excellent technological position into a leading market position in this growing industry."

BIA Separations is the only worldwide manufacturer of Short Monolithic Columns optimized to meet the research and production needs of the biotechnology industry in the field of innovative liquid separation biochromatography. The company is headquartered in Klagenfurt, Austria and currently has two subsidiaries: the Slovene subsidiary, located in Ljubljana, consists of Research & Development as well as Production facilities and a sales office located in Wilmington, Delaware (US). Through both internal initiatives and external collaborations, this ISO 9001:2000 certified company pursues the highest quality standards in its research, development, production, and customer service efforts. The company's analytical lab is FDA audited. BIA Separations has strategic co-operations with Agilent Technologies Inc. (NYSE: A) and Boehringer Ingelheim.


FRATELLO TRADE completes IPO successfully

13 Jan 2009

Vienna/Banja Luka - Horizonte Venture Management (Horizonte) is pleased to announce that its portfolio company FRATELLO TRADE a.d., Banja Luka, (website: www.fratello-trade.com) has completed its initial public offering (IPO) - the first IPO ever in Bosnia and Herzegovina - of newly issued common stock on the Banja Luka Stock Exchange successfully.

The company issued 216.027 new shares in an initial public offering in Bosnia and Herzegovina and through private placements to a number of investors in other jurisdictions. The price of the offer was set at BAM 4,- (€ 2.05) per share and the company was able to raise a total capital of approximately € 442k. The public trading of the shares is scheduled to start on the B market segment of the Banja Luka Stock Exchange at the end of January 2009.

FRATELLO TRADE a.d. specializes in the trade, packing and distribution of frozen fish and fish related products, frozen fruits, vegetables, ice cream, conserved fish, olives and olive oil with a distribution network in Bosnia and Herzegovina, Serbia and Montenegro. FRATELLO TRADE a.d. is the second largest fish distributor in Bosnia and Herzegovina and Montenegro and the largest exporter of frozen fish and fish products from Bosnia and Herzegovina to Serbia and Montenegro. In Serbia FRATELLO TRADE a.d. is among the leading five companies in this industry.

FRATELLO TRADE a.d. intends to use the net proceeds of this offering for the further expansion of its business including investments into its storage capacities, working capital and potential acquisition of a company in Montenegro. In the year 2007 the company had net sales of € 5.6 million and the company plans to increase its sales in the year 2013 to € 12.6 million. FRATELLO TRADE a.d. has the goal to become the leading company in the distribution of frozen sea fish and seafood in Bosnia and Herzegovina and Montenegro and to be among the leading three companies in this industry in Serbia.

FRATELLO TRADE a.d. is certified under the ISO 900:2000 and HACCP standards.

Advantis Broker a.d. (website: www.advantisbroker.com), Banja Luka, has acted as underwriter, coordinator and bookrunner of the IPO.

Dr. Alfred Matzka, Managing Partner of Horizonte Venture Management, commented on the listing: "We consider the successful completion of FRATELLO's IPO, which has received strong support from IFC as well as from local authorities as the first IPO ever in Bosnia and Herzegovina, an important milestone for the company and for the region in terms of development of the local capital markets. We are proud that we have again participated in a pioneering effort in the region."

More information on the IPO can be found under the following weblink:
http://www.blberza.com/v2/emitentobjave.aspx?hartijaid=1480


Horizonte sells stake in Styromal d.o.o.

04 Dec 2008

Vienna/Sanski Most - The sale of Horizonte's stake in Styromal d.o.o. was announced today. The company specializes in the production and distribution of plaster material and glues. Styromal was sold to Skrle Promet d.o.o., a leading wholesaler of construction materials in Bosnia and Herzegovina.

During Horizonte's investment the company has erected a greenfield state-of-the-art production facility in Sanski Most / Bosnia and Herzegovina with an annual production capacity of 60.000 t. Today the company supplies the markets in Bosnia and Herzegovina with its first class products.

Dr. Matej Penca, Horizonte Managing Partner, commented: "After having developed Styromal successfully from scratch we are convinced that the company will continue its successful development capitalizing on the distribution power of its new owner. This exit shows that state-of-the-art projects are interesting acquisition targets also in difficult economic times."


FRATELLO TRADE launches IPO

03 Dec 2008

Vienna/Banja Luka - Horizonte Venture Management (Horizonte) is pleased to announce that its portfolio company FRATELLO TRADE a.d., Banja Luka, (website: www.fratello-trade.com) has launched its initial public offering (IPO) of newly issued common stock on the Banja Luka stock exchange today.

  • - Up to 295.000 shares of FRATELLO TRADE a.d. will be offered at a price range of KM 4.- (€ 2.05) to KM 5.20 (€ 2.66).
  • - The period for subscription and payment will start on 18th December 2008 and will terminate on 29th December 2008.

FRATELLO TRADE's IPO is the first IPO ever in Bosnia & Herzegovina. FRATELLO TRADE a.d. specializes in the trade, packing and distribution of frozen fish and fish related products, frozen fruits, vegetables, ice cream, conserved fish, olives and olive oil with a distribution network in Bosnia and Herzegovina, Serbia and Montenegro. FRATELLO TRADE a.d. is the second largest fish distributor in Bosnia and Herzegovina and Montenegro and the largest exporter of frozen fish and fish products from Bosnia and Herzegovina to Serbia and Montenegro. In Serbia FRATELLO TRADE a.d. is among the leading five companies in this industry.

FRATELLO TRADE a.d. expects to raise between € 423k and € 784k and intends to use the net proceeds of this offering for the further expansion of its business including investments into its storage capacities, working capital and potential acquisition of a company in Montenegro. In the year 2007 the company had net sales of € 5.6 million and the company plans to increase its sales in the year 2013 to € 12.6 million. FRATELLO TRADE a.d. has the goal to become the leading company in the distribution of frozen sea fish and seafood in Bosnia and Herzegovina and Montenegro and to be among the leading three companies in this industry in Serbia.

FRATELLO TRADE a.d. is certified under the ISO 900:2000 and HACCP standards.

Advantis Broker a.d., Banja Luka, has been appointed as underwriter, coordinator and bookrunner of the IPO.

Dr. Alfred Matzka, Managing Partner of Horizonte Venture Management, commented on the listing: "The IPO is an important milestone for FRATELLO. It is exciting to be part of a story that started with a vision in 1996 and which today is breaking new ground through the first IPO in Bosnia and Herzegovina ever. The proceeds will enable F