Corporate | 27 December 2010 13:23
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Francotyp-Postalia Holding AG / Key word(s): Disposal/Miscellaneous
Press release Quadriga Capital sells shares in Francotyp-Postalia Birkenwerder, 27 December 2010. The former major shareholder of Francotyp-Postalia Holding AG, Quadriga Capital, has sold its shares in the company. The private equity company based in St. Helier, Jersey, held an equity interest in the global service provider for professional mail management for more than five years. Quadriga Capital held 26.3% of the voting rights in Francotyp-Postalia. Stockwell Capital also sold its long-term equity interest, which most recently amounted to 4.98%. 'We have accompanied the company for a number of years. Following its successful restructuring, the FP Group is on the right path. As set out in our business model of the equity investment company we advise, the shares were sold on a broad basis to institutional investors in Germany, France, Great Britain and Switzerland,' explained Dr. Andreas Fendel, Managing Director of Quadriga Capital Eigenkapitalservices GmbH. In placing the shares, Quadriga was supported by Hauck & Aufhäuser. 'We would like to thank Quadriga Capital for the many years of cooperation and partnership,' commented Hans Szymanski, member of the Management Board of the FP Group. 'The successful share transaction was oversubscribed several times at this late period of the year. This shows the potential of our company',' Szymanski continued. In November, the company raised its forecast for the year as a whole. The FP Group expects to generate revenues of between EUR 140 and 145 million and EBITDA before restructuring costs of between EUR 24 and 26 million in 2010. Contact
Francotyp-Postalia Holding AG
The FP Group in Brief Francotyp-Postalia Holding AG is a worldwide service provider for professional mail processing solutions. The FP Group's range of products and services includes franking and inserting machines, the direct collection of business mail to Online-Brief, its online mail service for private and commercial users. Headquartered in Birkenwerder near Berlin, the Group's wide product spectrum enables it to provide tailored mail management services. With a corporate history that goes back over 85 years and local branches in many industrialised countries, the FP Group currently holds around 10% of the worldwide franking machine market. Today it is profiting in all its segments from the increasing liberalisation of mail markets and the trend for businesses to outsource their outbound mail processes to professional service providers. Total revenue in financial 2009 came to 129 million euros. Worldwide, the Group employs over 1,000 people. End of Corporate News 27.12.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Francotyp-Postalia Holding AG | |
| Triftweg 21-26 | ||
| 16547 Birkenwerder | ||
| Deutschland | ||
| Phone: | +49 (0)3303 525 777 | |
| Fax: | +49 (0)3303 53 70 77 77 | |
| E-mail: | ir@francotyp.com | |
| Internet: | www.francotyp.com | |
| ISIN: | DE000FPH9000 | |
| WKN: | FPH900 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 107692 27.12.2010 |