11.04.2018
German Startups Group GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group GmbH & Co. KGaA: German Startups Group significantly expands its business model
DGAP-News: German Startups Group GmbH & Co. KGaA / Key word(s): Product
Launch
German Startups Group GmbH & Co. KGaA: German Startups Group significantly
expands its business model
11.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
German Startups Group significantly expands its business model
- Launch of the secondaries market platform mid-2018
- Opening-up of the platform also for products of third-party asset managers
- Setup of novel German Tech Fund
- Transformation from asset owner to asset manager and online market place
Berlin, 11 April 2018 - German Startups Group, a leading venture capital
provider in Germany and Berlin-based digital agency with 140 employees,
expects to launch its previously announced online matchmaking platform for
sellers and buyers of so-called secondary shares in German startups end of
2Q18. The wholly owned subsidiary German Startups Market GmbH
(www.german-startups.market), founded in November 2017, will be bringing
together potential sellers of secondary shares, i.e. shares held by
founders, business angels, employees or venture capitalists, with qualified
investors as potential buyers on an online platform in the near future under
the trademark G|S Market(TM) and, therefore, creates liquidity for these so
far illiquid assets. After successful accreditation as (semi-)professional
investor, interested buyers can screen current investment opportunities and
get in contact with the respective supplier on the platform. The company has
extensively researched the market beforehand and also consulted numerous
opinion leaders within the German startup and VC ecosystem in this context
and predominantly received a very positive feedback.
German Startups Group will also open up the platform for further asset
classes such as subscription and acquisition of shares in newly set up and
already running VC funds, convertible loans, venture debt financings and
complete angel/VC portfolios as well as pooled investments syndicated by
German Startups Group. The new online platform is supposed to give qualified
investors access to the entire spectrum of investment opportunities within
the asset class , in fact already starting at investment amounts of 200k
euros, whereas, direct investments and VC funds are mostly only accessible
with seven-figure minimum tickets. Since the said assets usually cannot be
transferred without a notarial deed and/or third-party approval the
matchmaking will take place as "invitatio ad offerandum". German Startups
Group will pocket commissions which are likely to be around 5% on average.
There are successful examples for such platforms in the US.
At the same time, German Startups Group intends to set up a passive VC fund
with another subsidiary which it co-founded with 50% in the second half of
the year named G|S Tech50(TM) which aims at being invested in as many of the
Top50 of the highest valued German startups as possible and thereby enabling
investors to participate in a whole number of leading German tech growth
companies in just one single certificate.
German Startups Group therefore pursues a transformation from asset owner to
asset manager and platform which brings together tech asset owners, VC asset
managers and qualified investors, thereby expanding its current business
model of realising value gains of shareholdings within its own balance sheet
and to transaction-based commissions, management fees and carries from
investments outside of its own balance sheet. The detachment from its own
balance sheet introduces completely new growth perspectives since, due to
the considerable discount on the NAV per share - incorporated per the actual
share price in the eyes of its management - the company refrained from
raising capital to avoid dilution of its shareholders and still does. There
are various examples for German investment companies successfully
transforming from asset owners to asset managers.
CEO Christoph Gerlinger: "The pace and the scope of digital disruption in
all areas of life and value creation is accelerating. Technology investments
will be increasingly important as an asset class also for German investors.
Accordingly, we value the market potential of the scheduled offering of the
online platform G|S Market(TM) and of further, partly novel VC funds such as
our planned G|S Tech50(TM) to be high."
Just like during the course of the last year, the existing portfolio of
German Startups Group is supposed to be extended only moderately and
focussed and sold over the next years to pocket the NAV incorporated therein
and further capital gains and eventually giving back to the shareholders,
for example by a share buyback program. Concerning the existing portfolio of
shareholdings within the own balance sheet, shareholders are furthermore
benefitting from the managing general partner waiving a percentage point of
the variable part of the management fee it would be entitled to otherwise
amounting to 2.5% of the individual balance sheet total (IFRS). By doing so,
German Startups Group should be low-priced compared to the VC fund market.
On the occasion of the start of its new ventures the company furthermore
updates its corporate logo and introduces the new logos -
/ /
Investor relations contact
German Startups Group
Marcel Doeppes
Mail: [email protected]
German Startups Group - We Love Startups!
German Startups Group is a listed investment company and digital agency
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. Its focus is on companies whose products or
business models include 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. 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).
20 of the 37 minority stakeholdings in operationally active companies are of
particular significance to German Startups Group and together comprise
roughly 90% of the total value of all 37 active minority stakeholdings (per
31 December 2017). The 10 core holdings alone make up two thirds 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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11.04.2018 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 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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Tradegate Exchange
End of News DGAP News Service
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