British Telecom
In March 2003, Coller Capital forged an innovative partnership with British Telecom (BT). The deal brought together BT’s corporate incubator Brightstar and New Venture Partners – a US venture firm which Coller Capital had previously helped to spin out of Lucent – to form a new, independent group: NVP Brightstar.

BT characterised the deal as creating “the leading global corporate venture development organisation, which will enable us to realise even more value from current and future intellectual property”.

The NVP Brightstar partnership commenced life by acquiring five companies from BT Exact, British Telecom’s technology research business, and has purchased further assets since that time. BT retains a 23% stake in the partnership.

See Press Room for the original announcement of the BT/NVP Brightstar transaction