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All grown up.
Gründerfonds sells successful water dispenser specialist Blue Dolphin

In selling water dispenser specialist Blue Dolphin, early stage fund Gründerfonds GmbH & Co KEG has brought a successful and constructive equity financing to a close. In seven years Blue Dolphin Handelsgesellschaft mbH has grown from a young business to one of the most important market players in the German-speaking area.

Gründerfonds invested the equity capital in three tranches, allowing Blue Dolphin to finance organic growth and important acquisitions to develop its market position in Austria and Germany. During the period of investment by Gründerfonds it was possible for the company to increase its turnover by almost a factor of five.

Since 1997 Blue Dolphin has been involved in selling and servicing water dispensers and is currently Austria's second biggest provider. Founders and present managing partners Christian Deutschbauer and Mark Groves have many years' experience in the sector. "Management's decision in favour of an investment by Gründerfonds allowed the company to grow and ultimately massively increased the company's value," explains Gero Parfuss, Gründerfonds' Managing Director.

Gründerfonds' switch-out took place as a result of the company's sale to Austrian market leader Triple A Aqua Service. Further details of the transaction are governed by a confidentiality agreement.

Gründerfonds GmbH & Co KEG
Gründerfonds (www.gruenderfonds.at) is one of Austria's leading venture capital funds, with a fund volume of 16 million euros. Bank Austria is the core shareholder. Gründerfonds finances corporate expansions and acquisitions and has already concluded the investment phase. It is currently selling off existing investments as part of the exit phase. In the case of Blue Dolphin the switch-out is Gründerfonds' fourth scheduled exit. There are currently 9 companies in its portfolio.

Gründerfonds receives support from BA-CA Private Equity GmbH (www.privateequity.at), which is responsible for marketing and controlling. BA-CA Private Equity GmbH furthermore supports the following special financing companies: EK Mittelstandsfinanzierungs AG, Mezzanin Finanzierungs AG.

For further information please contact:
Gero Parfuss, Managing Director, Gründerfonds GmbH & Co KEG
Tel: +43 (1) 512 48 11
E-mail: g.parfuss@gruenderfonds.at