Hasso-Plattner-Ventures exits RIB in IPO

RIB Software was listed on the Frankfurt stock exchange with 9,789,750 new shares from a capital increase, 3,837.022 existing shares belonging to existing shareholders, as well as 2.045.368 existing shares with respect to the overallotment option.

The gross proceedings gained from the IPO will be about €90.6m. Up to 70% of the net proceeds will be used for acquisitions of small and mid-cap software businesses from international core markets, 20% will be used for the development of the company's product iTWO and 10% will be going onto the balance sheet of RIB Software.

After exertion of the overallotment option, 55% of the shares will be held between Thomas Wolf, head of the RIB Software board, with 27%, SAP with 5.3%, Hasso-Plattner-Ventures with 3.9% and the Sanders family with 7.1%.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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