Brief: Deutsche Beteiligungs Agrees Strategic Partnership With ELF Capital Group

Deutsche Beteiligungs AG

15/09/2023 13:49

Sept 15 (Reuters) - DEUTSCHE BETEILIGUNGS AG  DBANn.DE :
    * AGREES STRATEGIC PARTNERSHIP WITH ELF CAPITAL GROUP,
EXPANDING
ITS RANGE OF FLEXIBLE FINANCING SOLUTIONS
    * PARTIES HAVE AGREED NOT TO DISCLOSE TERMS OF TRANSACTION,
TO
EXTENT LEGALLY POSSIBLE
    * INTENDS TO INVEST 100 MILLION EUROS IN ELF CAPITAL FUNDS
AS A
LIMITED PARTNER, SIMILAR TO DBAG'S ESTABLISHED PRACTICE OF
CO-INVESTING ALONGSIDE DBAG FUNDS
    * CLOSING OF TRANSACTION AND FIRST-TIME CONSOLIDATION OF ELF
CAPITAL GROUP ARE ENVISAGED FOR Q1 OF FINANCIAL YEAR 2023/2024
    * TRANSACTION PROVIDES FOR A GRADUAL INCREASE IN DBAG'S
STAKE IN
ELF CAPITAL GROUP TO 100 PER CENT OVER NEXT FIVE YEARS
    * TOTAL PURCHASE PRICE FOR INCREASE IN STAKE TO 100 PER CENT
WILL
DEPEND UPON ELF CAPITAL GROUP'S FURTHER BUSINESS DEVELOPMENT

Source text for Eikon:  ID:nEQ62qwGga 
Further company coverage:  DBANn.DE 

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