Learning Objectives
Give an overview of the inge watertechnologies company
founded 2000 by Dr. Peter Berg & Michael Hank
water filtration cleantech company
key components in over 500 water treatment plants
2010: 80 employees
revenue over 10 m €
VC investors on board
RWE
Siemens Venture Capital
Emerald
How does the VC fund structure look like?
examples: pension funds, corporate pension funds, insurance companies, hight net-worth individuals etc.
How does VC work?
Give a brief overview of the US VC Industry
VC Firms in existence: 2889
VC Funds in existence: 5338
VC Raised: 131.2 bn $
VC AUM (Asset under Management): 995.3 bn $
Largest VC Fund raised: 6655.3 million $
Give a brief overview of the Germany VC Industry
Why is the US VC Industry better than in Germany?
harder for german VCs to attract investors
legal, institutional aspect
cultural aspect
market in Europe more fragmented
VC funds are smaller in Germany
larger growth potential in US
mindset issue, labor-relate
top talents in Germany prefer larger corporations
exist options: IPOs in germany rarely possible
bursting dot-com bubble -> bad experience
German VC funds have smaller ticket sizes into single start-ups
credit/bankrupcy law stricter in Germany
Describe the development of Inge Watertechnologies
What are possible Exists for inge?
M&A Deal with BASF
typically more VC rounds until IPO
How does the Shareholder structure of Inge look like?
How could a valuation of INGE look like?
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