Berenberg initiates Brockhaus with 'buy' on buying hidden German tech champions

Brockhaus Technologies AG

06/09/2021 08:39

** Berenberg starts Brockhaus  BKHTn.DE  at "buy", citing
the wealth manager's strategy to buy Germany-based "hidden
champions" in technological niche markets
    ** This tactic offers investors access to the sweet spot of
German small to mid-sized enterprises that are otherwise often
not investable via the public markets, Berenberg says
    ** Brockhaus' key know-how lies in the professionalisation
and international roll-out of high-growth and high-margin
"hidden champions" of this type, the broker says
    ** It adds the Brockhaus' access to public markets gives it
flexibility regarding M&A activity and holding periods, allowing
it to maximise the value of its portfolio
    ** Out of three analysts that cover Brockhaus, all rate it
"strong buy" - Refinitiv data

 (Reporting by Zuzanna Szymanska)
 ((zuzanna.szymanska@tr.com))