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07|26|2011 01:44 pm EDT

KeySystems and NameDrive Merge into KeyDrive SA

by Frank Michlick in Categories: News

As DVMag reports (German) that the Luxemburgian Investment Fund BIP Investment Partners announced today that it is combining the Registrar Key Systems (St. Ingbert, Saarland) with the domain parking company Namedrive (Luxemburg) in a new holding company named Keydrive S.A. based in Luxembourg. The new ownership was already added to NameDrive’s ICANNWiki entry earlier this month.

NameDrive had been restructured and received an investment by BIP earlier this year.

While information on the new holding is not yet available in the registry of Luxembourg, DVMag was able to confirm that Horst Siffrin is the new Chairman of the Supervisory Board of Keydrive SA and Alexander O. Siffrin who also is CEO of Key Systems GmbH will become Chairman of the Board of Management.

BIP owns 26.04% of KeyDrive SA and has invested a total of 6.1 M Euro according to the semi-annual filing of BIP, valuating the company at 23.42 M Euro. Prior to the forming of the new company BIP held 6.8 M Euro of Key-Systems GmbH, owning 33.33% of the company.

Apparently some of the shares are owned by IS Inter-Services GmbH, which calls itself the German Holding for the KeyDrive SA. General Manager of this company are Alexander O. Siffrin and Dr. Eva C. Siffrin-Kokert is owned by Frank Schilling’s NameAdministration (whois).

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