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DGAP-News German Startups Group: German Startups Group to go public (news with additional features)

Nachrichtenquelle: EQS Group AG
15.06.2015, 08:31  |  989   |   |   

DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
IPO
German Startups Group: German Startups Group to go public (news with
additional features)

15.06.2015 / 08:31

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Not to be distributed, published or forwarded in the USA, Canada, Australia
or Japan

+++ Corporate News +++
for immediate publication

German Startups Group to go public

- German Startups Group, an investment company that specialises in young
German Internet-based growth companies, is planning to go public on the
Frankfurt Stock Exchange (Entry Standard)

- One of the most active venture capital investors in the tech sector in
Germany

- IPO intended to enable investors to invest in German Internet startups

- Profitable since the first full financial year (IFRS)

- Gross return on average invested capital of +30.5% per year since it
first started with its investment activity in mid-2012

Berlin, 15 June 2015: German Startups Group Berlin GmbH & Co. KGaA ("German
Startups Group"), an investment company based in Berlin that focuses on
young, fast-growing companies, so-called startups, is planning to go public
on the Entry Standard of the Frankfurt Stock Exchange. The envisaged issue
proceeds are to be used mainly to purchase shares in startups over the next
two years. The current shareholders will not be selling any shares unless
the underwriting banks exercise their so-called greenshoe option. The
transaction is being accompanied by COMMERZBANK AG as the sole Global
Coordinator/Joint Bookrunner as well as Hauck & Aufhäuser Privatbankiers
KGaA, BHF-BANK AG and quirin bank AG as Joint Bookrunner.

Good basic conditions thanks to rise in company foundings in Germany

German Startups Group invests in startups in particular in the
German-speaking region via majority and minority shareholdings, mainly by
providing venture capital. Its focus is on companies whose products or
business models represent a disruptive innovation and allow for a high
degree of scalability to be expected. German Startups Group feels that
successful exits and other positive market trends have resulted in more new
companies being founded in recent years. Besides the relatively good
general economic conditions in Germany, the company believes that the
influx of more new founders and the presence of foreign investors have
contributed to the development of the German venture capital market. Berlin
ranks as one of the most important sites in Europe in terms of both the
number of transactions and investment volume in startups, particularly in
the areas of technology and digital media, and is therefore often referred
to as the capital city of German founders. By going public, German Startups
Group intends to provide access to the asset class "German Startups" for
investors.

German Startups Group - one of the most active VC investors in the tech
sector in all of Germany with an attractive gross yield

Only three years after it was founded, German Startups Group is already the
second most active venture capital investor in the tech segment in Germany
(Source: CB Insights, The 2014 European Tech Report). According to the
company, this market position gives it a competitive advantage because
founders of promising startups often prefer to work with leading investors.
In addition, German Startups Group has an expansive network with relevant
players in the German startup scene that include serial founders, business
angels and other venture capital investors. German Startups Group has
succeeded in continuously expanding its portfolio since 2012 and currently
holds, either directly or indirectly, shareholdings in 40 operationally
active companies (including two solely as convertible loans). The company
has been profitable according to IFRS ever since its first full year of
business and generated net income of kEUR 1,435 in financial year 2014
(2013: kEUR 176). From 1 July 2012, to 31 March 2015, the company achieved
a gross annual return of 30.5% on its average invested capital and was
already able to record two successful exits, the sale of shares in the
AdTech company Fyber and in the online shop Amorelie (Sonoma Internet
GmbH).

High degree of freedom with investment decisions

Unlike typical VC funds with limited terms and investment periods, German
Startups Group is capable of financing and accompanying its portfolio
companies over the long-term. The investments of German Startups Group are
made regardless of the stages of maturity of the companies; therefore its
portfolio includes shares in companies from the Seed Stage (15%), the Early
Stage (34%) and the Growth Stage (51%). The main focus is on shareholdings
in companies with Internet-based business models.

One special characteristic, besides traditional shareholdings as part of
financing rounds for startups, pertains to the acquisition of so-called
secondary shares, in other words existing shares owned by the current
shareholders of startups.

German Startups Group is convinced that its portfolio includes several very
successful and well-known German startups such as, in the Growth Stage
Delivery Hero, MisterSpex and SoundCloud, in the Early Stage, Book-a-Tiger,
Junique and TV Smiles, and in the Seed Stage, CRX Markets, Remerge,
Scalable Capital and WunderCar.

Majority shareholding in the Exozet Group brings benefits for the portfolio
companies

On 10 June 2015, German Startups Group agreed to acquire a majority
shareholding in Exozet Berlin GmbH ("Exozet" and together with its two
subsidiaries the "Exozet Group") as part of a non-cash capital increase.
Exozet will be fully consolidated starting with the entry of execution of
the non-cash capital increase in the commercial register. This full
consolidation of Exozet Group will have a significant impact on sales in
German Startups Group's consolidated financial statements. Christoph
Gerlinger, CEO of the general partner and founder, notes: "With the
agreement to acquire further shares in Exozet, we will be acquiring our
first majority shareholding, an important milestone in the history of
German Startups Group. After all, this shareholding in Exozet Group
increases our appeal as an investor for startups. "German Startups Group
thus offers its shareholding companies access to a wide variety of relevant
technologies and services such as conceptualisation, design, and
programming of Internet sites and online shops, including iOS and Android
apps, but also conceptualization and execution of online marketing
campaigns, through its majority shareholding in Exozet Group.

Continue with strategy, expand portfolio and add majority shareholdings

German Startups Group will continue to pursue its current successful
investment strategy and acquire even more majority shareholdings in the
future. In terms of turnover, majority shareholdings should even account
for a greater share. Christoph Gerlinger feels the company is in a strong
position: "Our team has proven expertise, a great deal of experience and a
broad network in the startup scene. Besides capital, we are able to support
our portfolio companies with developing strategies, with respect to
financing rounds, restructuring necessities, M&A transactions or selling
the company, including a possible IPO, among other topics. Thanks to our
excellent market position, reputation and high profile as one of the most
active venture capital investors in the tech sector in Germany, I firmly
believe that a successful IPO will give us excellent opportunities to
increase the shares we hold in selected portfolio companies and expand our
portfolio to include attractive shareholdings. With this move, we also
offer investors in Germany access to what we consider to be an extremely
attractive market segment."

Further information on German Startups Group, its business model, and its
management are available on the website www.german-startups.com.

Press information is available here
http://www.german-startups.com/index.php/presse.

IR Contact
cometis AG
Ulrich Wiehle / Mariana Kuhn
Phone: +49 611 20585561
Mail: kuhn@cometis.de

Media contact
German Startups Group Berlin GmbH & Co. KGaA
Theo Bonick
Phone: +49 174 7984135
Mail: presse@german-startups.com

German Startups Group - We Love Startups!
German Startups Group is an investment company 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.
The portfolio companies that German Startups Group holds also stand to
benefit from German Startups Group's expertise, experience and network with
respect to strategy development, financing rounds, restructuring
necessities, M&A transactions or selling the company, including a possible
IPO. According to its own assessment, German Startups Group provides
startups with so-called "smart money" by acquiring a shareholding. Its
focus is on companies whose products or business models represent 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 to whom it feels that it obtains early access to
due to its close relationships to relevant players in the German startup
scene. The geographical focus is on the German-speaking region. Since it
commenced with operations in 2012, German Startups Group has managed to
assemble what it considers to be a diversified portfolio of shares in young
companies and grown to become the second most active venture capital
investor in the tech segment in Germany (CB Insights, The 2014 European
Tech Report). As of 31 March 2015, the company held shares in 40
operationally active companies (including two solely as convertible loans).
According to the group, its investment portfolio reflects a cross-section
of extremely promising German startups of various maturity stages ("Seed,"
"Early" and "Growth Stage," by the company's own definition) and includes
some of the most successful and best-known German startups.

More information is available under http://www.german-startups.com

Disclaimer:
This communication is not for publication or distribution, directly or
indirectly, in or into the United States. This communication does not
constitute or form part of an offer of securities for sale or solicitation
of an offer to purchase securities in the United States, Canada, Australia,
Japan or in any other jurisdiction where such offer may be restricted. The
securities must not be offered or sold in the United States unless they are
registered or exempted from registration requirement under US Securities
Act of 1933, as amended (the "Securities Act"). The securities referred to
in this communication have not been, and will not be, registered under the
Securities Act and have not been and will not be - absent from an
applicable exemption from the registration requirements - offered or sold
in the United States or to or for the account or benefit of US persons (as
such term is defined in Regulation S under the Securities Act). There will
be no public offering of securities in the United States or anywhere else,
except for Germany.

This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The offer will be made solely by means of, and on the basis
of, a securities prospectus to be published. An investment decision
regarding the publicly offered securities of German Startups Group Berlin
GmbH & Co. KGaA should only be made on the basis of the securities
prospectus. The securities prospectus will be available free of charge from
German Startups Group Berlin GmbH & Co. KGaA, Platz der Luftbrücke 4-6,
12101 Berlin, or on www.german-startups.com.

This communication is directed only at persons who: (i) are qualified
investors within the meaning of the Financial Services and Markets Act 2000
(as amended) and any relevant implementing measures, and/or (ii) are
outside the United Kingdom, and/or (iii) have professional experience in
matters relating to investments who fall within the definition of
"investment professionals" contained in article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order"), or are persons falling within article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc.) of the Order, or
fall within another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as "Relevant Persons"). Any
person who is not a Relevant Person must not act or rely on this
communication or any of its contents. Any investment or investment activity
to which this communication relates is available only to Relevant Persons
and will be engaged in only with/via Relevant Persons.



+++++
Additional features:

Picture: http://newsfeed2.equitystory.com/germanstartups/368119.html
Subtitle: GSG_Headquarter_Berlin Tempelhof

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15.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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368119 15.06.2015


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