German Startups Group GmbH & Co. KGaA

Successful exit of German Startups Group with its focus investment Delivery Hero AG

DGAP-Media / 03.07.2017 / 10:48 +++ Press release +++

Successful exit of German Startups Group with its focus investment
Delivery Hero AG

- German Startups Group realises capital gains through the sale of shares in the course of the IPO of its focus investment Delivery Hero AG

 

Berlin, 3 July 2017 - The, according to its own reports, globally leading and only 2011 founded provider of the marketplace for food orders and deliveries, Delivery Hero (e.g. Foodora, Foodpanda and hungryhouse), successfully went public on 30 June 2017 on the Frankfurt stock exchange, now quoting in Prime Standard and marking the biggest IPO in the current year 2017 with an issue volume of roughly 1 billion euros. Around half of it flows back to the company which is now valued at 4.4 billion euros. In the financial year 2016 Delivery Hero was able to grow its revenues by 79% compared to 2016 to a total of 297 million euros. Within the first quarter of 2017 the company even doubled their turnover compared to the previous-year period to 121 million euros. Not least because of this a multiple oversubscription resulted within the IPO, demonstrating the keen interest of investors in the disruptive business model of the German flagship startup.

German Startups Group, the most active private venture capital investor in Germany since 2012 (CB Insights 2015, PitchBook 2016) invested in 2013 and 2014 in Delivery Hero and now sold its shares in the course of the successful placement within the IPO of the focus investment, realising proceeds of roughly 1.7 million euros and through it a multiple of the capital invested of nearly 5x as well as an internal rate of return (IRR) of over 60% p.a. Compared to its acquisition costs, German Startups Group achieves capital gains of ca. 1.3 million euros, respectively 0.11 euros per share (IFRS).