Newsletter Q4 2024
Dear shareholders,
ladies and gentlemen,
In the last few weeks, we were able to realize two exits! The recently announced sales of our two portfolio companies nokra and Neschen represent important milestones for us. They are proof of our M&A expertise in successfully completing a transaction even in difficult market conditions. At the same time, they illustrate our transformation expertise. The sale of Neschen in particular would not have been possible without a previous successful turnaround of the company.
In this newsletter, we would therefore like to show you in an M&A special how Neschen has developed during its affiliation with the Blue Cap Group. For us, Neschen represents the blueprint for the implementation of our strategy and is a good example of what we want to achieve with our portfolio companies.
Please contact us if you have any questions or suggestions at ir@blue-cap.de.
We wish you an interesting read and thank you for your interest!
Best regards,
Your Blue Cap Team
M&A Special
Blue Cap acquired Neschen, which is based in Lower Saxony, from insolvency in 2016. The recently announced exit marks the end of a journey that was characterized by various stages. In this special report, we would like to look back on the past few years and show you how we have developed the company with targeted transformation measures.
Portfolio News
_ H+E was able to fill all apprenticeship positions in four different professional fields for 2024 thanks to a great deal of commitment and good HR work at schools and downstream training fairs.
_ HY-LINE has been nominated for the Vogel Communications Group's Best of Industry Award with its patent-pending Safety Key.
_ Transline optimizes translation quality with computational linguistics: The TBlue Validator systematizes style guides to automatically check compliance with specifications for each project. The check routines - from simple rules to complex scripts - can also be supported by AI.
_ Inheco has appointed a new CFO with Steven Williams as of 01.09.2024. Steven has extensive experience in managing various finance departments in listed companies. He has also implemented numerous financing and restructuring concepts at BayernLB and PwC.
Capital market and share
_1 We announce preliminary half-year figures for the first half of 2024 in a press release. Our analysts then published an update of their estimates. The analyst ratings can be found on our website.
_2 We publish our half-year report 2024.
_3 BörsenRadio talks to Henning von Kottwitz on the publication of the half-year report and publishes an interview (see bleow)
_4 MergerMarket publishes an article with Henning Eschweiler on the current status of the distressed M&A market (see below).
_5 Henning von Kottwitz gives an interview to the Börsen-Zeitung. The article is available here (see below).
_6 We announce the sale of our portfolio company nokra in an ad hoc announcement.
Market capitalization (30.09.2024): € 75.8 mn
1-year performance (30.09.2024): -7%
5-year performance (30.09.2024): -12%
Share price development of Blue Cap AG in index comparison from 01.07.2024 to 30.09.2024 in %
Sources: Stock Exchange Frankfurt (XETRA)
Upcoming dates *)
October 16: Vienna Capital Market Conference (Family Office Day), Vienna
October 23: Publication of Q3 figures and earnings call at 2 p.m.
November 13: Munich Capital Market Conference, Munich (without One-on-Ones)
November 25: German Equity Forum, Frankfurt am Main
*) expected
