Novestra in strategic alliance for european investments
NOVESTRA IN STRATEGIC ALLIANCE FOR EUROPEAN INVESTMENTS Novestra today announces a strategic co-operation agreement with Continuum Group Ltd in London focusing on investments in emerging telecom, ASP, broadband and internet infrastructure ventures in the U.K., France, Benelux, Spain, Italy and Germany. Continuum is a newly started investment company managed by two of the leading investment bankers in the telecom sector in London, Jörg Mohaupt from Morgan Stanley and Jean-François Astier from Lehman Brothers. Together they have been executing a number of very successful financing and IPO in recent years, such as Equant, JazzTel, Viatel and COLT. The Burch brothers are among the founding investors in Continuum. They were also among the initial founders of ICG (Internet Capital Group). "Our co-operation with Continuum will allow us to invest in new exciting European companies in a time efficient manner and with the management of Continuum we get access to a wide range of leading European entrepreneurs of different nationalities, " Peter Ekelund, Executive Director at Novestra and who will also join the Continuum Advisory Board says. Novestra is one of the leading venture capital investment firms in the Nordic countries primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes Bredbandsbolaget, Fanglobe.com, IQUITY Systems, Jupiter Communications, Mobilestop.com, NetSurvey, PowerNet and Qbranch. Novestra plans an official listing during Q2 2000. The shares are currently traded unofficially through Hagströmer & Qviberg Fondkommission AB. For more information regarding AB Novestra, please refer to www.novestra.com, and for further enquiries, please contact Mr Peter Ekelund, phone No. +46 8 545 017 50. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/14/20000414BIT00200/bit0001.doc http://www.bit.se/bitonline/2000/04/14/20000414BIT00200/bit0002.pdf