+++ Ad-hoc announcement +++
German Startups Group realizes a value gain of almost 1.6 million euros or 0.13 euro per German Startups Group share for one of its focus investments
Berlin, 23 July 2018 – German Startup Group GmbH & Co. KGaA, a publicly listed, leading venture capital investor in Germany and at the same time also a digital agency with 150 employees based in Berlin, realizes a value gain of almost 1.6 million euros or 0.13 euro per German Startups Group share for one of its focus investments. The shares of the portfolio company are being valued significantly higher than before as part of a noteable share acquisition transaction. The German Startups Group records such book value adjustments usually on the occasion of such external objectivisation events. They strengthen its profit and loss statement and its equity.
After completion of a share buyback in the last weeks, German Startups Group owns 230,285 own shares (almost 2% of the company’s registered share capital).
Investor Relations Kontakt
German Startups Group
Marcel Doeppes
[email protected]
www.tpgholding.com
German Startups Group – We Love Startups!
The German Startups Group, a publicly traded company comprises one of the leading VC providers in Germany with a digital agency employing 150 staff in Berlin. With a focus on Germany’s young, fast growing companies – so called startups – the company acquires majority and minority shareholdings by providing venture capital. The core investment focus is on those tech companies whose products or business models include disruptive innovation, allow for a high degree of scalability and are run by strong entrepreneurial management teams. Since it commenced operations in 2012, German Startups Group has built a diversified portfolio of stakes in such companies and has become the most active private venture capital investor in Germany (CB Insights 2015, Pitchbook 2016). With the launch of G|S Market™ via a wholly owned subsidiary German Startups Market GmbH, the company operates a secondary market platform for tech assets
More information at https://tpgholding.com/.