Private equity house Brockhaus Capital Management goes public

Frank­furt a. Main — Tech­no­logy inves­tor Brock­haus Capi­tal Manage­ment (BCM) has successfully gone public despite the coro­na­vi­rus pande­mic. 115 million flowed into the acqui­si­tion treasury as a result of the capi­tal increase. at an issue price of 32 euros per share, the tech­no­logy inves­tor is valued at 332 million euros. — The exclu­si­vely new secu­ri­ties are to go to insti­tu­tio­nal inves­tors as part of a private place­ment. BCM plans to use the proceeds to acquire other compa­nies in sectors such as health­care, soft­ware and envi­ron­men­tal tech­no­logy. BCM speaks of “tech­no­logy cham­pi­ons in the German SME sector with B2B busi­ness models”.

Foun­der Marco Brock­haus (photo) and the manage­ment team, which curr­ently still jointly holds 33 percent of BCM and will remain the largest share­hol­der group even after the dilu­tion resul­ting from the IPO, have commit­ted to a lock-up period of two years. Marco Brockhaus’s team is not allo­wed to sell any shares for that long.

The IPO was accom­pa­nied by the US banks Citi­bank and Jeffe­ries. Commerz­bank was on board as joint bookrunner.

A total of 3,593,750 new shares were placed in the private place­ment. Assum­ing full exer­cise of the green­shoe option, the gross proceeds amount to appro­xi­m­ately EUR 115 million. Within the scope of the private place­ment, members of the Manage­ment Board, Super­vi­sory Board and employees of BCM as well as members of the manage­ment of BCM subsi­dia­ries parti­ci­pa­ted in the capi­tal increase in the total amount of EUR 1 million.

About Brock­haus Capi­tal Management
BCM AG, head­quar­te­red in Frank­furt am Main, is a tech­no­logy group that acqui­res high-margin and high-growth tech­no­logy cham­pi­ons with B2B busi­ness models in the German midmar­ket. With a unique plat­form approach and a long-term hori­zon, BCM actively and stra­te­gi­cally supports its subsi­dia­ries to achieve long-term profi­ta­ble growth across indus­tries and count­ries. At the same time, BCM hereby offers access to these non-listed German tech­no­logy cham­pi­ons, which are other­wise inac­ces­si­ble to capi­tal market investors.