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DGAP-News: Mountain Alliance AG realizes successful partial exit as part of Exasol AG's IPO

DGAP-News: Mountain Alliance AG / Key word(s): Disposal
Mountain Alliance AG realizes successful partial exit as part of Exasol AG's IPO

20.05.2020 / 10:00
The issuer is solely responsible for the content of this announcement.


Mountain Alliance AG realizes successful partial exit as part of Exasol AG's IPO

Munich, 20 May 2020 - Mountain Alliance AG (MA, ISIN ) has again achieved a successful partial exit with the sale of a part of its stake in Exasol AG, thus impressively demonstrating its sustainable investment approach even in challenging times.

The sale took place as part of the IPO of Exasol AG with the planned listing of the shares in the European growth segment "Scale" of the Frankfurt Stock Exchange on 25 May 2020. Exasol, , will successfully place shares from a cash capital increase and - due to the very strong demand - from existing shareholders on the market as part of the IPO. Mountain Alliance AG sold a part of its shares in the course of the IPO, whereby the company will receive a seven-digit Euro amount. Mountain Alliance AG continues to hold a stake in Exasol AG.

Exasol is the developer of the world's fastest in-memory analytical database, which is experiencing a high demand for its extremely fast and efficient data analyses - both on-premises and in the cloud as Software as a Service (SaaS). The company, which is positioned in the rapidly growing markets of Business Intelligence, Data Analytics, Big Data and Data Science (Machine Learning/Artificial Intelligence), continues to expand. The IPO is the logical next step in order to increase brand and product awareness and to finance further growth.

"We are very pleased with the IPO of our portfolio company and our associated partial exit. This is an impressive proof of concept for our business model. The fact that Exasol AG has succeeded in placing the company successfully, despite the current difficult market environment, underlines the quality of the company. We are very confident that Exasol will play an active role in shaping the increasing digitalization and that we will have the pleasure of accompanying them," says Daniel Wild, CEO of Mountain Alliance AG.

About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an operative investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: the digital business. Mountain Alliance AG currently holds portfolio companies in four segments: Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media. Through its listing MA enables its shareholders a simple access to a diversified portfolio of digital assets.


Contact:
Mountain Alliance AG
Manfred Danner
Member of the Management Board
Bavariaring 17
80336 Munich
phone: 00
fax: 11
e-mail:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Graefelfing/Munich
phone: 30
e-mail:



20.05.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Mountain Alliance AG
Bavariaring 17
80336 München
Germany
Phone: 1 00
Fax: 1 11
E-mail:
Internet: -alliance.de
ISIN: DE000A12UK08
WKN: A12UK0
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1051565

 
End of News DGAP News Service

1051565  20.05.2020 

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20/05/2020

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