EPTI INVAJO TECHNOLOGIES AB

EQS-News: EPTI AB: EPTI divests 77 percent of the shares in Invajo AB

EQS-News: EPTI AB / Key word(s): Disposal
EPTI AB: EPTI divests 77 percent of the shares in Invajo AB

11.01.2023 / 16:37 CET/CEST
The issuer is solely responsible for the content of this announcement.


EPTI AB (publ) (“EPTI”) has today entered into an agreement to divest 77 percent of the shares in Invajo AB (“Invajo”). The purchase price amounts to SEK 10 million and acquisition of the shares takes place today, December 29, 2022. The buyer of the shares is a newly formed Joint Venture company owned by Invajo´s Management and strategic investment partners Jinderman & Partners AB and RLM Invest AB.

The buyer acquired 385 shares in Invajo, which corresponds to 77 percent of the shares, the  purchase price is SEK 10 million ("Transaction"). The purchase price is paid in cash. EPTI will continue to own 115 shares, which corresponds to 23 percent of the shares in Invajo. The buyer of the shares is a newly formed company owned by Invajo's management – Christian Ramel, Andreas Andersson and Joakim Birgersson – as well as Jinderman & Partners AB and RLM Invest AB.

In December 2021, former Invajo Technologies AB (now EPTI) carried out a reverse takeover of all shares in the EPTI group's parent company, which was thereby admitted to trading on the Nasdaq First North Growth Market. In connection with the reverse takeover, Invajo Technologies AB's operations were moved to the legal entity Invajo, which is partially divested through the Transaction.

"EPTI continues the communicated plan to collect our investments as minority holdings under the business area EPTI Invest. EPTI remains as a minority owner because we continue to have strong faith in the company going forward," says Arli Mujkic, CEO and founder of EPTI

“Invajo has had an exciting journey to say the least and it is expected to gain new momentum with the launch of a brand new platform Q1 2023. That together with EPTI, Jinderman & Partners and RLM Invest, who all bring a huge know-how and network, gives us the opportunity to continue building Invajo into a leading player in event management, says Christian Ramel, Invajo's CEO

"As a former investor in Invajo since 2017 and CEO in 2021, I have followed the company closely for a long time. I am convinced that the new ownership constellation and the strategy we have jointly agreed on during the last few months' negotiations will give Invajo the best possible conditions to develop successfully and reach profitable growth. We at Jinderman & Partners are excited to continue this journey together with Invajo's management, EPTI and RLM Invest”. Says Love Carlsson, Jinderman & Partners

The employees and board members of Invajo who hold shares in the Buyer together control a minority of the total number of shares in the Buyer, which is why the rules on certain targeted issues in ch. 16. the Companies Act is not applicable on the Transaction. 

For further information, please contact:

Arli Mujkic, CEO, EPTI AB
E-mail: 
Phone: 64

Adam Bäckström, CFO, EPTI AB
E-mail: 
Phone: 6 

About EPTI
EPTI invests capital and operational support for companies, entrepreneurs and founders to build market-leading innovative companies under the motto “We Empower Innovation”. As a tech company builder, this is done by adding state-of-the-art technology, sales and marketing, design, HR, admin and recruitment in addition to capital. EPTI also starts companies and joint ventures with driven co-founders and companies. The companies in EPTI’s portfolio are in the segments Gaming, Fintech, Marketplace, SaaS and Services. Since the inception in 2017, a portfolio of more than 20 companies has been built up. The core business includes approximately 200 employees in eight countries around Europe. EPTI is more than an investment company, it is partly an investment company and partly a service company. A venture builder for founders, by founders.

For more information, see EPTI’s website

The Company’s Certified Adviser is Eminova Fondkommission AB | +46 (0)8-684 211 00 | 



11.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: EPTI AB
Linnegatan 87A
11523 Stockholm
Sweden
Phone:
E-mail:
Internet: /
ISIN: SE0013774668
WKN: A2P4CT
Listed: Regulated Unofficial Market in Frankfurt, Stuttgart; Stockholm
EQS News ID: 1533027

 
End of News EQS News Service

1533027  11.01.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1533027&application_name=news&site_id=research_pool
EN
11/01/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on INVAJO TECHNOLOGIES AB

 PRESS RELEASE

EQS-News: EPTI AB: EPTI intends to carry out an issue of convertible b...

EQS-News: EPTI AB / Key word(s): Issue of Debt/Issue of Debt EPTI AB: EPTI intends to carry out an issue of convertible bonds of SEK 35 million 24.04.2023 / 11:00 CET/CEST The issuer is solely responsible for the content of this announcement.   The board of EPTI AB ("EPTI" or the "Company") has today decided to investigate the conditions for carrying out a directed issue of convertible bonds of up to SEK 35 million ("Convertible Issue") to Swedish and international investors. The proceeds are intended to be used as payment for investments by companies in artificial intell...

 PRESS RELEASE

EQS-News: EPTI AB: EPTI divests its subsidiary Axakon Consulting AB

EQS-News: EPTI AB / Key word(s): Acquisition/Acquisition EPTI AB: EPTI divests its subsidiary Axakon Consulting AB 24.04.2023 / 10:50 CET/CEST The issuer is solely responsible for the content of this announcement.   EPTI AB (publ) ("EPTI") has today entered into an agreement to divest the consulting business in the subsidiary Axakon Consulting AB ("Axakon") to ByBrick AB. The purchase price amounts to approximately SEK 10 million in cash. The completion of the transaction is subject to union approval. "This is the first step towards becoming a pure investment company wit...

 PRESS RELEASE

EQS-News: EPTI AB: EPTI publishes Interim Report for Q4 2022

EQS-News: EPTI AB / Key word(s): Interim Report EPTI AB: EPTI publishes Interim Report for Q4 2022 (news with additional features) 21.03.2023 / 09:36 CET/CEST The issuer is solely responsible for the content of this announcement. Arli Mujkic, CEO, comment: When summarizing 2022, we can conclude that EPTI more than doubled its revenue and at the same time improved the EBITDA result by about SEK 30 million. The year was largely characterized by increased macro and geopolitical uncertainty, which had a negative impact on market sentiment for technology companies. During the y...

 PRESS RELEASE

EQS-News: EPTI AB: EPTI signs new agreement with ModelManagement.com o...

EQS-News: EPTI AB / Key word(s): Agreement EPTI AB: EPTI signs new agreement with ModelManagement.com of SEK 17 million 16.01.2023 / 13:23 CET/CEST The issuer is solely responsible for the content of this announcement. EPTI AB (publ) (“EPTI”) has today through the business area Service signed a new agreement with ModelManagement dot com SL (“ModelManagement.com”). The total value of the agreement amounts to approximately SEK 17 million, which is an increase of over 300 percent compared to the value of the previous agreement. The new agreement initially extends over 18 mon...

 PRESS RELEASE

EQS-News: EPTI AB: EPTI continues to execute according to communicated...

EQS-News: EPTI AB / Key word(s): Disposal EPTI AB: EPTI continues to execute according to communicated strategy – divested shares for SEK 15 million during the fourth quarter 13.01.2023 / 16:41 CET/CEST The issuer is solely responsible for the content of this announcement. EPTI AB (publ) (“EPTI” or the “Company”) has today entered into an agreement to divest all of the Company's shares in Hubbster Group AB (“Hubbster”). The purchase price amounts to approximately SEK 3 million. During the fourth quarter, EPTI also sold approximately 30 percent of the shares in MOBLRN – Mo...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch