behind BIKE24's success. Besides Andrés Martin-Birner and Lars Witt, this includes CFO Timm Armbrust, CMO Carsten Wich
and CIO Martin Wünnenberg. In addition to their enthusiasm for biking, they share many years of experience in the
Further details on the Offering
In the course of the planned private placement, new shares from a planned capital increase are expected to be offered,
with targeted gross proceeds of approx. EUR 100 million. Furthermore, the major shareholder, Riverside's sixth vintage
European Fund, is committed to a secondary component to reach a significant free float and will also make existing
shares available for a possible market standard over-allotment. The founders and the BIKE24 management team will not
sell any shares in the Offering. A lock-up of six months is expected for the Company and for the existing shareholders,
and a lock-up of twelve months for those members of management holding shares. Berenberg and JP Morgan act as Joint
Global Coordinators and Joint Bookrunners for the planned transaction.
+49 172 2976243
+49 151 46531317
BIKE24 is one of continental Europe's leading e-commerce bike platforms. The online retailer with a focus on the
premium segment is the central contact point for the fast-growing community of bicycle enthusiasts and thus promotes
green mobility. Founded in Dresden in 2002 by CEO Andrés Martin-Birner, Falk Herrmann and Lars Witt, responsible for
Legal & Own Brands, the company has quickly developed into one of continental Europe's leading companies as well as a
globally active online retailer in this fast-growing market. The online shop offers customers 77,000 products from more
than 800 brands. This gives BIKE24 the widest range of branded products in the sector in continental Europe. The online
bike platform is already present with three local webshops in Germany (BIKE24.de), Austria (BIKE24.at) and Spain
(BIKE24.es) in continental Europe. In addition, the international shop (BIKE24.com) supplies customers all over the
The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses. Since its founding in
1988, Riverside has made more than 750 investments. The firm's international private equity and structured capital
portfolios include more than 120 companies.
These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan.
These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities
(the "Securities") of Bike24 Holding AG (the "Company") in the United States, Australia, Canada, Japan or any other
jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold
in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). There will be no public offering of the securities in the United States. The Securities
have not been, and will not be, registered under the Securities Act. The securities referred to herein may not be
offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or
citizen of Australia, Canada or Japan subject to certain exceptions.
This publication constitutes neither an offer to sell nor a solicitation to buy securities. No public offer will be
made. An investment decision regarding securities of the Company should only be made on the basis of the securities
prospectus which will be published promptly upon approval by the German Federal Financial Supervisory Authority (
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)) and will be available free of charge on the website of the
In member states of the European Economic Area and the United Kingdom, any offering mentioned in this publication will
only be addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(e) of
Regulation (EU) 2017/1129, in the case of the United Kingdom, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018. In addition, in the United Kingdom, this document is only being distributed to
and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.), or (iii) are
persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully
be communicated or caused to be communicated (all such persons together being referred to as "Relevant Persons"). This
document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant
Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and
will be engaged in only with Relevant Persons.
Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks
and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will",
"should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the
negative of these words or other variations on these words or comparable terminology. Forward-looking statements are
based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant
risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made
by the Company that any forward-looking statement will be achieved or will prove to be correct. The actual future
business, financial position, results of operations and prospects may differ materially from those projected or
forecast in the forward-looking statements. Neither the Company nor any of the underwriters nor any of their respective
affiliates nor any other person assume any obligation to update, and do not expect to publicly update, or publicly
revise, any forward-looking statements or other information contained in this release, whether as a result of new
information, future events or otherwise, except as otherwise required by law.
This announcement also contains certain financial measures that are not recognized under International Financial
Reporting Standards ("IFRS"). These non-IFRS measures are presented because the Company believes that they and similar
measures are widely used in the markets in which it operates as a means of evaluating the Company's operating
performance and financing structure. They may not be comparable to other similarly titled measures of other companies
and are not measurements under IFRS or other generally accepted accounting principles.
THIS DOCUMENT IS NOT A PROSPECTUS BUT AN ADVERTISEMENT AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES
REFERRED TO IN THIS ADVERTISEMENT EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS.
2021-06-07 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Company: BIKE24 Holding AG
EQS News ID: 1204681
End of News DGAP News Service
(END) Dow Jones Newswires
June 07, 2021 02:01 ET (06:01 GMT)