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DGAP-News: Mountain Alliance AG successfully completes partial secondary sale of shares in Exasol AG - Exasol IPO announced for 2020

DGAP-News: Mountain Alliance AG / Key word(s): Miscellaneous/IPO
Mountain Alliance AG successfully completes partial secondary sale of shares in Exasol AG - Exasol IPO announced for 2020
25.11.2019 / 11:30
The issuer is solely responsible for the content of this announcement.


Mountain Alliance AG successfully completes partial secondary sale of shares in Exasol AG - Exasol IPO announced for 2020

Munich, 25 November 2019 - Mountain Alliance AG (, ) demonstrates the value-enhancing effect of its investment approach with the successful partial secondary sale of its investment in Exasol AG. Exasol, technology leader in the field of in-memory analytics databases has successfully completed a share placement to a group of long-term investors in the course of a financing round. Mountain Alliance AG, which held 8% of Exasol's shares, sold 2% of the shares as part of this placement and thus will continue to have a 6% holding in Exasol AG.

Exasol is the developer of the world's fastest analytical in-memory analytics database. The database, which is used in applications such as Artificial Intelligence (AI), Big Data and High-Speed Analytics, is receiving high demand due to its extremely fast and efficient data analysis capabilities - both on-premises and cloud-based as Software as a Service (SaaS). The company, which is perfectly positioned in the rapidly growing markets of Business Intelligence, Data Analytics, Big Data and Data Science (Machine Learning/Artificial Intelligence), will continue its growth course in the 2019 financial year.

"We're happy about the partial exit in several ways. On the one hand, we were able to generate significant returns. On the other hand, this success impressively underscores our strategic approach of participating in dynamically growing companies with a digital business model and developing them to add value. Exasol has excellent prospects to establish itself sustainably in the market environment of increasing digitalization. We want to continue to accompany our portfolio company on this path and remain invested," says Daniel Wild, CEO of Mountain Alliance AG.

About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an 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 32 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
Justine Wonneberger
CFO
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:



25.11.2019 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: 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: 921035

 
End of News DGAP News Service

921035  25.11.2019 

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EN
25/11/2019

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