09.02.2017
Baader Bank AG DE0005088108
DGAP-News: Baader Bank was successful as joint bookrunner in the sale of the investments held by MIG Fonds in biotech firm Brain AG
DGAP-News: Baader Bank AG / Key word(s): Incoming Orders/Miscellaneous
Baader Bank was successful as joint bookrunner in the sale of the
investments held by MIG Fonds in biotech firm Brain AG
09.02.2017 / 18:41
The issuer is solely responsible for the content of this announcement.
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Baader Bank was successful as joint bookrunner in the sale of the
investments held by MIG Fonds in biotech firm Brain AG
Accompanied by Baader Bank as joint bookrunner, MIG Fonds successfully
placed its entire stake held in Brain Biotechnology Research and
Information Network AG. The 2,528,389 shares were placed with institutional
investors within just a few hours as part of an accelerated book-building
process.
Because the transaction was oversubscribed several times, the free float of
Brain AG shares increased from 22% to 37%. The transaction met with a high
level of demand from institutional investors in Germany, the UK,
Switzerland and France.
MIG Fonds is a VC investor in the biotech and medtech sector and had held
investments in the company through several of its funds since 2006. It
successfully accompanied Brain AG's IPO in February 2016.
Contact
Florian E. Schopf
T+49 89 5150 1013
Susanne Stickler
T +49 89 5150 1879
[email protected]
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09.02.2017 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.
Archive at www.dgap.de
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Germany
Phone: +49 89 5150 1013
Fax: +49 89 5150 29 1880
E-mail: [email protected]
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate
Exchange; Open Market in Frankfurt
End of News DGAP News Service
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543273 09.02.2017
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