SHS Gesellschaft für Beteiligungsmanagement mbH, has announced it will float its portfolio company Vita 34 International AG on the Prime Standard in Frankfurt on 27 March. Concord Effekten has been appointed as lead manager and Deutsche Apotheker – und Ärztebank is further supporting the IPO. Up to 900,000 shares are available for subscription- 750,000 of which are part of a capital increase. If necessary, an additional allocation of up to 112,500 shares will be made available by the existing shareholders. The proceeds of the IPO will be used to finance further growth, expanding the company’s sales and marketing activities in particular.
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round
Company in 2019 generated revenues of DKK 115m, the equivalent of €15.4m