AURELIUS sells c. 21.88 percent of Berentzen Group AG
Munich, 2 March 2016 – The AURELIUS Group (ISIN DE000A0JK2A8) has successfully placed 2,100,000 shares in Berentzen Group AG (ISIN DE0005201602) in a private placement to institutional investors. After the transaction, AURELIUS still holds c. 29.17 percent of Berentzen.
The Berentzen Group is a subsidiary of AURELIUS since 2008 and since that time has transformed from a restructuring case to a profitable and broadly diversified producer of beverages. This success is the result of the consistent implementation of the classic AURELIUS strategy. “We reorganised the Berentzen Group efficiently and with the right investments we returned it to a path to growth”, says Gert Purkert. Mr. Purkert is a member of the Executive Board of AURELIUS and was responsible for the realignment of Berentzen. He is also the Chairman of the Supervisory Board at Berentzen. “AURELIUS has succeeded in rejuvenating a major German brand. After realignment, Berentzen is on a profitable growth trajectory and is now in an excellent competitive position on the future markets for the beverage industry.”
After taking over the family-run business, AURELIUS focused spirits production at the Minden location. This was one of the factors that lowered costs on a long-term basis by reducing complexity and optimising the product range. With extensive investments in the trend market for healthy, alcohol-free lifestyle products, the Berentzen Group was put on a course for growth. Today this blossoming business is based on two profitable pillars. In addition to the international growth of the Berentzen brand in the traditional business field of spirits, it is mainly new types of products from the non-alcoholic range that are driving sales and income. “Having taken over Citrocasa, a provider of freshly squeezed orange juice at the point of sale, Berentzen is now the trendsetter in German-speaking countries for healthy and ecologically sustainable beverages”, explains Gert Purkert.
Berenberg accompanied the transaction as the sole bookrunner.
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In the United Kingdom, this press release is only being distributed to and is only directed at persons who (i) are 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) are 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 press 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 to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
In member states of the European Economic Area (“EEA”) which have implemented the Prospectus Directive (each, a “Relevant Member State”), this press release and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of the Prospectus Directive (“Qualified Investors”). For these purposes, the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in a Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.
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In connection with any offering of the shares, the bookrunner and any of its respective affiliates acting as an investor for its own account may take up as a proprietary position any shares and in that capacity may retain, purchase or sell for its own account such shares. In addition the bookrunner or its affiliates may enter into financing arrangements and swaps with investors in connection with which the bookrunner (or its affiliates) may from time to time acquire, hold or dispose of shares. The bookrunner does not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so. The bookrunner is acting on behalf of AURELIUS and no one else in connection with any offering of the shares and will not be responsible to any other person for providing the protections afforded to its clients nor for providing advice in relation to any offering of the Shares.