Brief: Deutsche Beteiligungs To Acquire Akquinet

Deutsche Beteiligungs AG

21/03/2022 08:44

March 21 (Reuters) - DEUTSCHE BETEILIGUNGS AG  DBANn.DE :
    * INVESTS IN AKQUINET AG (AKQUINET), A GERMAN PROVIDER OF
COMPREHENSIVE IT SERVICES
    * IN A MANAGEMENT BUY-OUT (MBO), DBAG FUND VII, WHICH IS
ADVISED
BY DBAG, WILL ACQUIRE ALL SHARES HELD BY THE APPROXIMATELY 70
SHAREHOLDERS, INCLUDING TWO COMPANY FOUNDERS AND AKQUINET
EMPLOYEES
    * DBAG WILL INVEST UP TO AROUND FIVE MILLION EUROS ALONGSIDE
THE
FUND; IT WILL HOLD AROUND 20 PERCENT OF THE SHARES
    * PARTIES HAVE AGREED NOT TO DISCLOSE THE PURCHASE PRICE
    * TO ACQUIRE BOTH AKQUINET RECHENZENTRUM "LEUCHTTURM" GMBH &
CO.
KG, WHICH ALREADY OWNS A FULLY UTILIZED DATA CENTER IN HAMBURG,
AND AKQUINET CUBIT GMBH, WHICH WILL BUILD ANOTHER
HIGH-PERFORMANCE MODERN DATA CENTER THERE
    * EQUITY INVESTMENT OF UP TO EUR 23 MILLION IS PLANNED FOR
THE
FULL ACQUISITION OF EACH OF THE TWO COMPANIES

Further company coverage:  DBANn.DE 

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