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.