DGAP-News: Helikos S.E.: HELIKOS SE COMPLETES ITS BUSINESS COMBINATION WITH EXCEET
(firmenpresse) - DGAP-News: Helikos S.E. / Key word(s): Mergers&Acquisitions/Mergers&Acquisitions
Helikos S.E.: HELIKOS SE COMPLETES ITS BUSINESS COMBINATION WITH
EXCEET
26.07.2011 / 16:36
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HELIKOS SE COMPLETES ITS BUSINESS COMBINATION WITH EXCEET
- Transactions relating to acquisition of exceet Group AG closed
- Helikos renamed 'exceet Group SE'
Luxembourg, July 26, 2011 - Today, Helikos SE completed its business
combination with Switzerland-based Exceet Group AG (now renamed 'exceet
Group AG'), a leading European provider of embedded electronics and
security solutions. Following today's closing of the transaction, exceet
Group AG has become a wholly-owned subsidiary of Helikos SE which has been
renamed 'exceet Group SE'. As of July 27, 2011, the ticker symbol under
which exceet Group SE's Class A shares are traded on the regulated market
(Prime Standard) of the Frankfurt Stock Exchange will be changed from 'HIT'
to 'EXC' to reflect the successful de-SPACing of Helikos SE.
Roland Lienau, previously CEO of Helikos SE and now director of exceet
Group SE, commented: 'In exceet, we have found a hidden champion in the
fast-growing market for embedded intelligent electronics, with strong
potential for future growth. We are delighted to have seized the
opportunity to be a part of exceet's growth story, we look forward to
exceet group's future performance and are excited about our future role as
listed holding company for the exceet group.'
Ulrich Reutner, CEO of exceet Group AG and newly appointed director of
exceet Group SE: 'This business combination marks an important milestone in
exceet's strategy to continuously expand its business. It will increase our
visibility and provide the company with additional capital for further
organic growth and future acquisitions.'
The newly appointed board of directors of exceet Group SE consists of the
following experienced directors: Mr. Hans Hofstetter (chairman), Dr. Hagen
Hultzsch, Mr. Ulrich Reutner, Mr. Roland Lienau, Mr. Dirk-Jan van Ommeren
and Mr. Thomas Brauchli.
Immediately following the closing of the share purchase agreement for the
acquisition of exceet (the 'SPA') among Helikos SE, the management of
exceet and its previous majority shareholder, Ventizz Capital Fund III
Holding Company LLC ('Ventizz'), and the transactions related thereto,
Ventizz, through a newly established Luxembourg subsidiary, and the other
sellers under the SPA hold approximately 39.7% of the outstanding Class A
shares and 49.5% of the outstanding voting shares of exceet Group SE, and
Oranje-Nassau Participaties BV ('ONP'), which is a wholly-owned subsidiary
of Wendel SA, and the other founders of Helikos SE hold approximately 29.5%
of the outstanding Class A shares and 32.5% of the outstanding voting
shares of exceet Group SE.
Frédéric Lemoine, Chairman of Wendel's Executive Board, said: 'We are very
pleased to support exceet for the long term. Led by an experienced
management team, exceet is a fast-growing company anchored in a region
which benefits from a very strong economic development. Its end markets,
such as medtech, industrial automation and security for financial services,
provide an excellent outlook for medium- and long-term growth.'
Willi Mannheims, Managing Partner at Ventizz Capital Partners: 'exceet is
an attractive growthstory with an outstanding market position. We have
strong confidence in its further growth potential and will maintain a
substantial stake in the company.'
Investors who have validly requested redemption of their Helikos Class A
shares will receive a cash payment of EUR 10.05625 per share, and holders
of Helikos Class A warrants will receive a cash payment of EUR 0.625 per
warrant held on July 21, 2011.
The transaction is also a milestone in the history of special purpose
acquisition companies (SPACs) in Germany, as it marks the first successful
business combination (de-SPACing) of a SPAC which since its IPO has been
listed on a German stock exchange. 'Helikos was the first SPAC admitted to
listing on the Frankfurt Stock Exchange and completed the acquisition of
exceet within 18 months after its listing. We are very pleased that we have
been able to achieve a successful de-SPACing in spite of the currently
difficult market environment', commented Roland Lienau.
About exceet Group AG
exceet Group AG is one of the leading providers of embedded electronics and
security solutions in Europe with production facilities in Switzerland,
Austria, the Czech Republic, Germany and the Netherlands. As previously
announced, the preliminary non-audited consolidated group sales of exceet
Group AG in the first half-year of 2011 amounted to approximately CHF 100
million (approximately EUR 79 million), representing an increase of
approximately 30% compared to group sales of CHF 76.5 million (EUR 63.1
million) in the first half of 2010. In 2010, on a converted-to-euro basis
exceet Group AG generated sales of EUR 119.7 million (EUR 79.1 million in
2009) and earnings (EBITDA) of EUR 17.7 million in 2010 (EUR 7.0 million in
2009).
About exceet Group SE
exceet Group SE (formerly Helikos SE) is the parent company of exceet Group
AG. exceet Group SE is listed on the Prime Standard of the Frankfurt Stock
Exchange.
Company Contact exceet Group AG
Fabian Rau
f.rau(at)exceet.ch
Tel: +41(0)793125998
Company Contact exceet Group SE
Stefanie Schusser
s.schusser(at)helikosgroup.com
Tel: +49 (0) 170 223 4560
Disclaimer:
These materials are not an offer of securities in the United States or any
other jurisdiction. Securities may not be sold in the United States absent
registration or an exemption from registration. exceet Group SE does not
intend to register any offering of securities in the United States or to
make any public offering in any jurisdiction.
End of Corporate News
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Language: English
Company: Helikos S.E.
115, Avenue Gaston Diderich
1420 Luxemburg
Grand Duchy of Luxembourg
Phone: +352 2600 3181
Fax: +352 2600 3133
E-mail: info(at)helikosgroup.com
Internet: www.helikosgroup.com
ISIN: LU0472835155, LU0472839819
WKN: A0YF5P, A1BFHT
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in München
End of News DGAP News-Service
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133280 26.07.2011
Datum: 26.07.2011 - 16:36 Uhr
Sprache: Deutsch
News-ID 34685
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