06.12.2016
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DGAP-News: Auden AG continues on growth course following successful capital raising
DGAP-News: Auden AG / Key word(s): Capital Increase
Auden AG continues on growth course following successful capital raising
06.12.2016 / 13:20
The issuer is solely responsible for the content of this announcement.
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- Berlin-based investment company places 2.3 million new shares at price of
EUR 7.00 per share
- Inclusion of new institutional investors from throughout Europe
- Company seeks to reach market capitalisation exceeding EUR 100 million
by 2017
Berlin - Auden AG, the Berlin-based investment company, has announced the
successful completion of the capital increase resolved by this year's
annual general meeting of shareholders. A total of 2.23 million new shares
have been placed at a price of EUR 7.00 per share with German and
international institutional investors, primarily with a long-term
investment orientation. With this transaction, Auden has brought aboard new
key investors from the UK and Switzerland, demonstrating the increasing
attention which it has been gaining through the shareholder value focus of
its management, its business model, and its investment strategy in rapidly
growing companies in the digital economy.
With the completion of this transaction, Auden's senior management team can
look back upon 12 extraordinarily successful months since taking over
control of the company, in the course of which almost EUR 21 million has
been raised from investors to fund the company's growth strategy. This
impressive success, and the confidence of the capital markets in Auden AG,
is likewise reflected in its stock market performance over this same period
of time: Since the beginning of December 2015, the investment company's
share price has risen roughly tenfold.
With this infusion of fresh capital, Auden's management team now has all
the necessary ingredients in place to drive forward with its plan to build
the long-term, sustained value of its portfolio by making carefully
targeted investments into new portfolio companies with extraordinary growth
potential, as well as by increasing its shareholdings in existing portfolio
companies - for example, as in the case of its recently announced
investment deal with Curated Shopping Group, owner of the successful
MODOMOTO curated e-store for men's fashion. Over the coming year, a
particular focus of the company's investment activities will be forthcoming
financing rounds for two of its portfolio companies, OptioPay and Fanmiles,
which are together already valued at EUR 65 million.
Auden AG has set an ambitious goal for itself for 2017, namely reaching a
market capitalisation in excess of EUR 100 million. A company valuation
above this mark would open access to entirely new investor segments.
Christofer Radic, CEO of Auden AG, expressed his satisfaction with the
successful capital placement and plans for the coming year: "With this
capital increase now completed, all of the playing pieces are now perfectly
positioned for us to drive forward with our winning strategy. I would like
to express my appreciation to all the shareholders of Auden AG, both
existing and new, for the great confidence they have shown in the work
which we are doing. We will not disappoint them."
As to the company's investment portfolio, Christian Frenko, Portfolio
Manager, had this to add: "Over the coming year, we will strive to provide
even stronger and closer support to our existing and future holding
companies, particularly in the areas of corporate communication, strategy
and fundraising."
About Auden AG:
Auden AG (Frankfurt Stock Exchange; ISIN DE000A161440), headquartered in
Berlin, invests a portfolio of carefully selected high growth businesses.
The company follows an active investment approach focused on portfolio
support and value generation. Through its stringent selection of targets
and active engagement with each portfolio company, Auden AG offers family
offices, institutional and private investors a diversified vehicle to
invest in European high-growth companies, a market that is both highly
complex and difficult to penetrate for investors. Auden AG is a listed
investment company majority owned and funded by its senior management,
ensuring complete alignment of interests between investors and funds
manager. This alignment is also reflected in Auden's policy of not charging
management fees, carried interest or profit share.
Disclaimer:
This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions which may be subject to variety of
risks and uncertainties. The results actually achieved by Auden AG may
substantially differ from these forward-looking statements. Auden AG
assumes no obligation to update these forward-looking statements or to
correct them in case of developments which differ from those anticipated.
Contact:
Auden AG
Am Kupfergraben 6
10117 Berlin
Germany
Phone: + 49 30 80494800
Fax: + 49 30 80494809
Email: [email protected]
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06.12.2016 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: Auden AG
Am Kupfergraben 6
10117 Berlin
Germany
Phone: + 49 30 80494800
Fax: + 49 30 80494809
E-mail: [email protected]
Internet: www.auden.com
ISIN: DE000A161440
WKN: A16144
Listed: Regulated Unofficial Market in Berlin, Hamburg, Stuttgart,
Tradegate Exchange; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News Service
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527103 06.12.2016
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