MEINAUTO GROUP AG
DGAP-News: MeinAuto Group AG / Key word(s): Corporate Action
MeinAuto Group postpones IPO
2021-05-11 / 16:02
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE
SEE THE IMPORTANT DISCLAIMER AT THE END OF THIS RELEASE.
MeinAuto Group postpones IPO
Munich, 11 May 2021 - MeinAuto Group AG ("MeinAuto Group") together with Hg has decided to postpone the contemplated
IPO due to currently adverse market conditions for high growth companies. The transaction was covered on the first day
of bookbuilding and oversubscribed on the full deal size including the greenshoe.
MeinAuto Group and Hg are fully committed to a positive aftermarket performance of the shares post listing at the
Frankfurt Stock Exchange, which under these market conditions could not be warranted.
The initial listing of the shares of MeinAuto Group on the Regulated Market (Prime Standard) of the Frankfurt Stock
Exchange was originally planned for May 12, 2021.
MeinAuto Group and Hg remain committed to listing on the Frankfurt Stock Exchange once market conditions stabilise.
About MeinAuto Group
MeinAuto Group is the leading online platform for digital new car sales in Germany. In a market where customers are
increasingly looking online for usership rather than ownership solutions, MeinAuto Group offers a fully digital,
affordable, and transparent monthly subscription for new vehicles and comprehensive services for all relevant brands
and models in the German market. MeinAuto Group is headquartered in Oberhaching near Munich, employs around 380 people
and achieved revenues of more than EUR200 million in 2020. For more information please visit www.meinauto-group.com.
About Hg
Hg is a leading investor in software and services, focused on backing businesses that change how we all do business.
Deep technology expertise, complemented by vertical application specialisation and dedicated operational support,
provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management
of over USD30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 35
operators, providing practical support to help our businesses to realise their growth ambitions. Based in London,
Munich and New York, Hg has a portfolio of over 35 software and technology businesses, worth over USD60 billion aggregate
enterprise value, with over 35,000 employees globally. Visit www.hgcapital.com for more information.
Media contact
Knut Engelmann
Kekst CNC
Phone: +49 174 234 2808
Email: knut.engelmann@kekstcnc.com
Investor Relations
Thessa von Hülsen
Phone: +49 174 910 9000
Email: thessa.vonhuelsen@meinauto-group.com
DISCLAIMER
This release is not for distribution, directly or indirectly, in or into the United States (including its territories
and possessions, any State of the United States and the District of Columbia), Australia, Canada or Japan. It does not
constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States,
Australia, Canada or Japan. The shares mentioned herein have not been, and will not be, registered under the US
Securities Act of 1933, as amended (the "Securities Act"). The shares may not be offered or sold in the United States,
except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer
of shares of MeinAuto Group AG (the "Company") in the United States.
This release constitutes neither an offer to sell nor a solicitation to buy shares of the Company.
In any EEA Member State, other than Germany, this communication is only addressed to and is only directed at "qualified
investors" in that Member State within the meaning of Article 2(e) of Regulation (EU) 2017/1129.
This release may in the United Kingdom only be distributed to, and is only directed at, persons who are "qualified
investors" within the meaning of Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018, and who are also (i) investment professionals falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons
falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all
such persons together being referred to as "Relevant Persons"). This release is directed only at Relevant Persons and
must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity in
shares of the Company is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This release contains forward-looking statements. These statements are based on the current views, expectations,
assumptions and information of the management of the Company. Forward-looking statements should not be construed as a
promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could
cause actual future results, performance or events to differ materially from those described in these statements, and
neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this
release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking
statements. Moreover, it should be noted that all forward looking statements only speak as of the date of this release
and that neither the Company nor BofA Securities Europe SA, Jefferies International Limited, Jefferies GmbH, Barclays
Bank Ireland PLC, Citigroup Global Markets Europe AG and UniCredit Bank AG (together, (the "Underwriters") or their
respective affiliates as defined under Rule 501(b) of Regulation D under the Securities Act ("affiliates") assume any
obligation, except as required by law, to update any forward looking statement or to conform any such statement to
actual events or developments.
Each of the Company and the Underwriters and their respective affiliates expressly disclaims any obligation or
undertaking to update, review or revise any forward-looking statement contained in this release, whether as a result of
new information, future developments or otherwise.
Certain sources of market data included in this release were prepared before the renewed outbreak of the COVID-19
pandemic and have not been updated for the potential effects of the ensuing developments. The Company and the
Underwriters are not able to determine whether the third parties who have prepared such sources will revise their
estimates and projections due to the potential further impact of COVID-19 on future market developments.
None of the Underwriters or any of their respective affiliates or any of their or any of their affiliates' respective
directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any
representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this
release (or whether any information has been omitted from the release) or any other information relating to the Company
or its subsidiaries, whether written, oral or in a visual or electronic form, and howsoever transmitted or made
available, or for any loss howsoever arising from any use of this release or its contents or otherwise arising in
connection therewith.
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2021-05-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: MeinAuto Group AG
Grünwalder Weg 34
82041 Oberhaching
Germany
Phone: 089-63266120
E-mail: info@meinAuto-group.de
Internet: https://www.meinauto.de/
ISIN: DE000MAG0008
WKN: MAG000
Listed: Regulated Market in Frankfurt (Prime Standard)
EQS News ID: 1195308
Notierung vorgesehen / intended to be listed
End of News DGAP News Service
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https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1195308&application_name=news(END) Dow Jones Newswires
May 11, 2021 10:03 ET (14:03 GMT)
