Exact Group B.V. entered in to agreement to acquire 71% stake in Weclapp GmbH from 3U Holding AG (XTRA:UUU) and the management of weclapp for approximately €160 million on September 3, 2022. The transaction implies an equity value of approximately €227 million for all shares. The management of weclapp will reinvest into the company as part of the transaction. Transaction is not subject to any closing conditions and is expected to close in September 2022. Ertan Özdil remains CEO of weclapp SE; Weclapp companies, brands and products will be continued. Georg Schneider, Florian Sippel, Alexander Hirsch, Thorsten Reinhard, Andreas Butz, Wolfgang Wittek, Patrick Neidinger, Alexander Birnstiel, Maurice, Bärbel Sachs, Gregor Barbers and Carsten Heinz of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor to Exact Holding B.V. Oliver Wolfgramm, Dirk Baukholt, Navid Anderson, Richard Mayer-Uellner, Jörg Schrade, Boris Alles and Stefan Lehr of CMS acted as legal advisor and CMS Lefebvre, Accounting & Auditing Arm acted as tax advisor to 3U Holding AG (XTRA:UUU). Michael Wolff, Peter Shin and Hampus Bergquist of Stifel Nicolaus Europe Limited acted as financial advisor to Exact Group B.V. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Exact Group B.V.

Exact Group B.V. completed the acquisition of 71% stake in weclapp SE from 3U Holding AG (XTRA:UUU) on September 30, 2022.