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DGAP-News: German Startups Group GmbH & Co. KGaA: German Startups Group records the exit of its portfolio company Fiagon AG Medical Technologies

eqs_en 
0 0 15.09.20
DGAP-News: German Startups Group GmbH & Co. KGaA: German Startups Group records the exit of its portfolio company Fiagon AG Medical Technologies
 

DGAP-News: German Startups Group GmbH & Co. KGaA / Key word(s): Disposal/Investment
German Startups Group GmbH & Co. KGaA: German Startups Group records the exit of its portfolio company Fiagon AG Medical Technologies

15.09.2020 / 15:51
The issuer is solely responsible for the content of this announcement.

+++ Press release +++

German Startups Group records the exit of its
portfolio company Fiagon AG Medical Technologies

- Cash inflow of over 2.3 million euros over three years

- P&L effect of just under 0.4 million euros

- Capital gain of almost 1.2 million euros


Berlin, 15 September 2020 - The German Startups Group, a leading venture capital provider in Germany up to now and a future private equity asset manager, records the exit of one of its portfolio companies. All shares of Fiagon AG Medical Technologies, a leader in electromagnetic surgical navigation solutions, based in Henningsdorf near Berlin, have been acquired by Intersect ENT, Inc., a NASDAQ listed medtech company transforming care for patients with ear, nose and throat ("ENT") conditions, based in Menlo Parc, Silicon Valley, California.

The German Startups Group is a shareholder of Fiagon since its initial investment in 2015, currently with a share of 2.5%. It will receive more than 2.3 million euros over three years time out of the transaction. Besides, the German Startups Group realises a capital gain over acquisition cost in the amount of almost 1.2 million euros, and a gain over its last book value of almost 0.4 million euros. With its investment in Fiagon the German Startups Group achieves a multiple of 2x and an IRR of 24% p.a.

 

Investor relations contact
German Startups Group
Florian Dammann
[email protected]
www.german-startups.com


15.09.2020 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
Language: English
Company: German Startups Group GmbH & Co. KGaA
Platz der Luftbrücke 4-6
12101 Berlin
Germany
Phone: +49 (0)30-54908603
Fax: +49 (0)30-54908604
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), Hamburg, Tradegate Exchange
EQS News ID: 1132001

 
End of News DGAP News Service

1132001  15.09.2020 

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German Startups Group Berlin Gmbh & Co KGaA Stock

€0.58
-5.880%
Heavy losses for German Startups Group Berlin Gmbh & Co KGaA today as the stock fell by -€0.035 (-5.880%).

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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