15.12.2016
United Internet AG DE0005089031
DGAP-Adhoc: United Internet acquires hosting specialist Strato
DGAP-Ad-hoc: United Internet AG / Key word(s): Takeover
United Internet acquires hosting specialist Strato
15-Dec-2016 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Montabaur, December 15, 2016. United Internet AG today signed an agreement
with the owner of Strato AG, Deutsche Telekom AG, regarding the acquisition
of Strato AG.
Based in Berlin, Strato employs over 500 people with operations mainly in
Germany and the Netherlands and has over 2 million customer contracts.
Strato's annual revenue for fiscal year 2016 is forecasted to be around EUR
127 million with anticipated EBITDA 2016 of around EUR 48.5 million.
The Strato product portfolio ranges from domains, e-mail packages, complete
website packages, webshops, servers, to online storage and individual high-
end hosting solutions. The business operates from the company's two own
high-performance data centers in Berlin and Karlsruhe.
The purchase price for 100% of Strato's shares is around EUR 600 million
and will be paid in cash. An initial amount of approx. EUR 566 million is
payable after the expected closing in the first half of 2017. A further
amount of up to EUR 34 million is due at a later point subject to certain
performance goals.
The acquisition of 100% of shares in Strato AG will be made via a holding
structure to be established as part of the recently announced investment of
Warburg Pincus* in United Internet's Business Applications division. The
initial consideration of EUR 566 million due in 2017 on the level of the
holding structure will be funded by an internal loan of United Internet
amounting to EUR 350 million and by equity capital to be provided by United
Internet and Warburg Pincus pro-rata in accordance to the shareholdings.
Following the acquisition of Strato AG, Warburg Pincus will hold an
unchanged stake of around 33% in the Business Applications division in
accordance with the partnership.
The share purchase is still subject to the usual approval by the German
Federal Cartel Office ("Bundeskartellamt").
* WP XII Venture Holdings S.a.r.l., an affiliate of private equity funds
managed by Warburg Pincus LLC (collectively: "Warburg Pincus")
Contact:
United Internet AG
Investor Relations
Stephan Gramkow / Dominic Großmann
Elgendorfer Straße 57
56410 Montabaur
Tel: 02602/96-1043/-1671
Fax: 02602/96-1013
E-Mail: [email protected]
Internet: www.united-internet.de
Press
Tel: +49 2602/96-1616
Fax: +49 2602/96-1013
email: [email protected]
Internet: www.united-internet.de
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15-Dec-2016 CET/CEST 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: United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone: +49 (0)2602 / 96 - 1100
Fax: +49 (0)2602 / 96 - 1013
E-mail: [email protected]
Internet: www.united-internet.de
ISIN: DE0005089031
WKN: 508903
Indices: TecDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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529917 15-Dec-2016 CET/CEST
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