26.01.2017
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group realises profits with two portfolio companies
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
Disposal
German Startups Group realises profits with two portfolio companies
26.01.2017 / 10:04
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
+++ Press release +++
German Startups Group realises profits with two portfolio companies
Berlin, 25 January 2017 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights 2015, 2016), reaches an agreement for the near-term sale of shares
in two holdings from the midfield of its investment portfolio at book
value. Through the sale of the shares in both portfolio companies, German
Startups Group will realise notable profits in relation to the acquisition
costs. The internal rate of return (IRR) will amount to 7% p.a. in one case
and 27% p.a. in the other. The proceeds of 800k euros will increase the
cash available position of German Startups Group accordingly. The
respective portfolio companies will be named after all formal steps of the
sale have been completed.
The decision for the above-mentioned sales is also carried out in the
context of the planned focusing of the overall portfolio, which had grown
considerably in the past due to numerous new investments. For some of its
shareholdings, the company registers unsolicited buying interest by co-
shareholders and third parties. The company plans to make use of further
attractive opportunities for the realisation of profits in the coming
months and thus focus its investment portfolio to some extent. In addition,
the management sees exit opportunities for some of its portfolio companies
in 2017.
Press contact
German Startups Group
Theo Bonick
Tel: +49 30 6098890 84
Mail: [email protected]
German Startups Group - We Love Startups!
German Startups Group is a listed 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
startup scene. The geographical focus is on the German-speaking region.
Since it commenced with operations in 2012, German Startups Group has in
its opinion built up a diversified portfolio of investments in young
companies and become the second most active venture capital investor in
Germany since 2012 (CB Insights, Germany Venture Capital Overview 2015,
Venture Pulse Q1 2016). 25 of the 47 minority stakeholdings in
operationally active companies are of particular significance to German
Startups Group and together comprise 89% of the total value of all 47
active minority stakeholdings. The ten core holdings alone make up 60% of
the value of all active minority stakeholdings. According to German
Startups Group, its investment portfolio reflects a cross-section of
promising German startups of various maturity stages ("Seed," "Early" and
"Growth Stage," by German Startups Group's own definition) and includes
some of the most successful and best known German startups.
More information is available on our website at www.german-startups.com.
---------------------------------------------------------------------------
26.01.2017 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
---------------------------------------------------------------------------
Language: English
Company: German Startups Group Berlin GmbH & Co. KGaA
Platz der Luftbrücke 4-6
12101 Berlin
Germany
Phone: +49.30.6098890.80
Fax: +49.30.6098890.89
E-mail: [email protected]
Internet: www.german-startups.com
ISIN: DE000A1MMEV4
WKN: A1MMEV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Tradegate Exchange; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News Service
---------------------------------------------------------------------------
539203 26.01.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
German Startups Group Berlin GmbH & Co. KGaA ISIN: DE000A1MMEV4 können Sie bei EQS abrufen
Beteiligungen , A1MMEV , SGF , XETR:SGF