+++ Ad-hoc announcement +++
German Startups Group receives purchase offer for its stake in Exozet and enters into sales negotiations
Berlin, 14 May 2018 – German Startups Group GmbH &Co. KGaA, a leading venture capital provider in Germany and Berlin-based digital agency with 140 employees, has been approached by a reputable international consulting company to immediately conduct direct negotiations about the sale of its 50.7% stake in Exozet Berlin GmbH and has accepted this invitation. This will have no effect on Exozet’s operations, its customers and its employees. Exozet is expecting a very positive development of its business for 2018.
The offered purchase price at sale would produce a capital gain vs. book value of around 1m euros and raise the equity accordingly. The capital gain vs. acquisition cost would be amounting to around 1.5m euros. The sales proceeds in size of one quarter of its current market capitalization would enable the company to early repay received loans and to initiate further share buy back programs.
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German Startups Group
German Startups Group – We Love Startups!
German Startups Group is a listed investment company and digital agency based in Berlin that focuses on young, fast-growing companies, so-called startups. The company acquires majority and minority shareholdings mainly by providing venture capital. Its focus is on companies whose products or business models include a disruptive innovation, allow for a high degree of scalability to be expected, and in which it has a great deal of trust in the entrepreneurial abilities of the founders. The geographical focus is on the German-speaking region. Since it commenced with operations in 2012, German Startups Group has in its opinion built up a diversified portfolio of investments in young companies and become the most active private venture capital investor in Germany since 2012 (CB Insights 2015, PitchBook 2016). 20 of the 37 minority stakeholdings in operationally active companies are of particular significance to German Startups Group and together comprise roughly 90% of the total value of all 37 active minority stakeholdings (per 31 December 2017). The 10 core holdings alone make up two thirds of the value of all active minority stakeholdings. According to German Startups Group, its investment portfolio reflects a cross-section of promising German startups of various maturity stages (“Seed,” “Early” and “Growth Stage,” by German Startups Group’s own definition) and includes some of the most successful and best known German startups.
More information at https://www.sgt-germanpe.com/.