17.03.2017
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group realises book profits
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
Investment
German Startups Group realises book profits
17.03.2017 / 11:38
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
German Startups Group realises book profits
Berlin, 17 March 2017 - German Startups Group, the most active private
venture capital investor in Germany in the time period since 2012 (CB
Insights 2015, PitchBook 2016), faces new third-party objectivised shares
prices for two of its 24 portfolio companies that are of particular
significance to the company. Their application leads to a mark-up of the
fair value of the shares held by German Startups Group by almost 0.6 million
euros or 0.05 euros per share (IFRS). A positive effect on the result and
the NAV per share occurs to almost the same extent.
The two portfolio companies in question are an early stage and a growth
stage startup from the B2B sector. German Startups Group does not release
the names of the holdings in order to protect the confidentiality of the
companies' valuations.
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 most active
private venture capital investor in Germany since 2012 (CB Insights 2015,
PitchBook 2016). 24 of the 43 minority stakeholdings in operationally active
companies are of particular significance to German Startups Group and
together comprise 91% of the total value of all 43 active minority
stakeholdings. The ten core holdings alone make up 62% 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.
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17.03.2017 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: 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 (Scale) in Frankfurt
End of News DGAP News Service
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555167 17.03.2017
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