Knorr Capital Partner takes over IT-Adventure

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Knorr Capital Partner AG has acquired all the outstanding shares of IT-Adventure AG's existing shareholders by means of a share swop. Under the terms of the deal, Knorr has increased its interest in the firm from 15.4% to 100%. The news comes only months after Knorr increased its stake in Medicis AG from 37.5% to 73.75% as the company scales up its investment activities. Munich-based IT-Adventure has specialised in early-stage technology investments, predominantly in the software, telematics and related sectors. It currently has minority interests in five new technology firms comprising Active Mining AG, Inforvision AG, proTime GmbH, uniopt AG and Globuy E-Commerce Solutions GmbH. These companies are expected to be integrated into the Knorr portfolio. Knorr is also based in Munich and has developed a network of 12 offices across three continents specialising in consultancy and venture capital. The company has traditionally invested heavily in sectors including telecommunications and networking, software, biotechnology, healthcare, e-business and the media. In the last six months it has acquired stakes in Inalp Networks AG, egeo GmbH, Plan & Design Netcare AG and Baumhaus Medien AG.