Corporate | 13 January 2016 21:01
German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Miscellaneous
13.01.2016 21:01
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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+++ Quasi ad hoc announcement +++
for immediate publication
German Startups Group Berlin GmbH & Co. KGaA aims to create room for growth
and proposes capital increase at General Meeting
Berlin, 13 January 2016. German Startups Group, the second-most active
venture capital investor in Germany since 2012 (CB Insights, 2015), invites
its shareholders to an extraordinary General Meeting on 25 February 2016.
Amongst other things, the General Partner and Supervisory Board will
propose an increase of the share capital in the amount of up to EUR 27
million through cash contributions to the General Meeting.
With this proposal, the company would like to create room to manoeuvre for
the period leading up to 25 August 2016, for the possibility that
attractive investment opportunities and capital market conditions are
present, to raise further capital in order to purchase further
shareholdings in successful startups and thus promote its own growth. A
growth spurt would give the company greater weight in the German VC and
capital market. A preliminary decision, when and if the management will
make use of the proposed General Meeting decision at all, is not attached
to the proposal.
German Startups Group will release the business figures for 2015 already at
the beginning of February 2016.
< END OF QUASI AD HOC ANNOUNCEMENT >
About German Startups Group Berlin GmbH & Co. KGaA
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). 28 of
the 42 minority stake holdings in operationally active companies are of
particular significance to German Startups Group and together comprise 96%
(unaudited) of the total value of all 42 active minority stake holdings.
According to German Startups Group, its investment portfolio reflects a
cross-section of extremely 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 under www.german-startups.com
Contact:
cometis AG
Investor Relations
Ulrich Wiehle / Mariana Kuhn
Unter den Eichen 7, 65195 Wiesbaden
Tel.: +49 611 20 585 5-61
Fax.: +49 611 20 585 5-66
E-mail: kuhn@cometis.de
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Information and Explaination of the Issuer to this News:
'We were able to continue the positive development of the first half in the
second half of 2015, and I am confident that this will be reflected in the
business figures', says Christoph Gerlinger.
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