Investor Day for knowledge transfer and information about TX Group’s strategic direction - Seite 2

The central Group Services of the TX Group are managed efficiently and leanly. Going forward, the company's own real estate will be further developed in a separate earnings-oriented department at group level. The portfolio, consisting of three printing centres in Zurich, Bern and Bussigny and four office buildings situated in attractive locations in Zurich and Bern, offers considerable potential for independent development; however, various options for the optimal ownership structure are being examined. Also, part of the group is the return-oriented TX Ventures which is launching its own CHF 100 million FinTech investment fund (details follow below).

TX Group will publish margin targets for the Tamedia, Goldbach and 20 Minuten segments by the 2023 annual results. The targets will be based on peer companies. Due to the shareholding structure at SMG and JobCloud, the communication of the guidance for the TX Markets segment is subject to the approval of the other shareholders.

 

TX Ventures launches its own CHF 100 million FinTech investment fund

As the independent and return-oriented venture arm of TX Group, TX Ventures has built a strong investment track record with startups such as the challenger bank neon, the alternative investment platform Stableton and the real estate price intelligence software Pricehubble. In what follows TX Ventures’ organic evolution, a single LP (Limited Partnership) fund with a target size of 100 Million CHF is being launched. The newly created fund empowers TX Ventures to continue its successful diversification by extending its geographic mandate to Europe with focus on the DACH region.  The fund’s capital derives partially from past TX Ventures sales (such as Olmero, Star Ticket, Moneypark, etc) and is to be invested in upcoming FinTech opportunities. FinTech, a non-correlated industry to the media business, offers great diversification opportunities with a sizable and growing market and a strong banking ecosystem in Switzerland.