Owner’s buy-back: GME buys back shares from BayBG and Bayern Kapital
Erlangen/Munich/Landshut — GME German Medical Engineering GmbH, Erlangen, has bought back the shares in the company held by BayBG Bayerische Beteiligungsgesellschaft and Bayern Kapital GmbH (owner’s buy-back). The two investment companies had joined the medical technology company, which specializes in dermatological lasers, as investors in 2011 and 2013, respectively.
“The commitment of the investment companies enabled GME to implement a dynamic development with balanced financing during the growth phase. Our powerful, portable lasers are now in use in more than 40 countries,” says Dr. Stefan Schulze, Managing Partner of GME. With the continuously increasing sales, which now amount to € 5 million annually, earnings also increased and this enabled the company and its shareholders to exercise the option of a buy-back given by the associated companies. “This is a first step towards realizing our medium-term goal of 100 percent ownership. We are delighted that BayBG and Bayern Kapital have given us this opportunity after years of successful cooperation.” HTGF remains invested for the time being, and will continue to support GME’s development.
Founded in 2011, the high-tech company stands for high-performance portable laser devices for medicine and cosmetics. GME devices are used, for example, for permanent hair removal, skin tightening or the treatment of skin diseases such as psoriasis or white skin cancer (actinic keratoses).
“Demographic developments combined with growing health awareness and modern beauty ideals mean that demand for dermatologically applicable devices based on laser and light systems will continue to increase,” BayBG investment manager Otto Hopfner is convinced. “GME is excellently positioned with its pioneering laser technology and will continue on its path to success.” Dr. Nathalie Weitemeyer, Bayern Kapital, agrees: “GME stands out in this growing market thanks to a number of unique selling points and special features, such as a new technology that allows the lasers to be particularly compact.” All those involved are satisfied with the many years of cooperation: We thank GME for the cooperation and wish the company continued success,” Hopfner and Weitemeyer agreed.
About GME German Medical Engineering GmbH
GME was founded in June 2011 by four industry experts. Product development takes place in Erlangen with a team of experienced engineers and technicians. GME combines extensive application knowledge with state-of-the art electronics and robust beam sources designed for continuous use in industrial applications. This allows new developments to be implemented quickly and efficiently. www.gmeonline.de
BayBG Bayerische Beteiligungsgesellschaft mbH is one of the largest private equity and venture capital companies for medium-sized companies. It currently has commitments of 315 million euros to around 500 companies. With its venture capital and equity investments, it enables small and medium-sized companies to implement innovation and growth projects, arrange for company succession or optimize their capital structure. Since 1972, BayBG has accompanied more than 3,000 companies on their path to success. www.baybg.de
About Bayern Kapital
Bayern Kapital GmbH, Landshut, was founded in 1995 as a wholly owned subsidiary of LfA Förderbank Bayern. As the venture capital company of the Free State of Bavaria, Bayern Kapital provides the founders of innovative high-tech companies and young, innovative technology companies in Bavaria with equity capital including the growth phase. To date, Bayern Kapital has invested around 238 million euros of venture capital in 250 innovative technology-oriented companies from a wide range of sectors. www.bayernkapital.de
About High-Tech Gründerfonds
The High-Tech Gründerfonds (HTGF) has been a powerful engine for successful high-tech founders since 2005. With know-how, entrepreneurial spirit and passion, the experienced team of investment managers and startup experts accompanies the best companies on their way from foundation to success. With a volume of EUR 886 million distributed across three funds and an international partner network, HTGF has now financed almost 500 startups. www.high-tech-gruenderfonds.de