Blue Cap AG (XTRA:B7E) along with management agreed to acquire Hy-Line Verwaltungs Gmbh from a group of private investors on August 5, 2021. Pursuant to the terms of the transaction, Blue Cap AG will be acquiring a qualified majority stake of more than 90% in HY-LINE Verwaltungs GmbH and its four operative subsidiaries against payment of a purchase price in the lower third of the double-digit million range. The Hy-Line Verwaltungs Gmbh management team is making a substantial single-digit percentage of the acquisition.

The acquisition will be partly financed by the proceeds from capital increase of Blue Cap AG shares. Hy-Line Verwaltungs Gmbh generates a turnover of €40 million to €50 million per year. The acquisition of a stake in Hy-Line Verwaltungs Gmbh is expected to take place on September 1, 2021.

Due to the less capital-intensive business model compared to the existing portfolio, Hy-Line Verwaltungs Gmbh should increase the EBITA of the Blue Cap AG and earnings per share by 20% or more in the first full year after the acquisition. Joachim Hau, Markus Schnabel and Matthias Gallmetzer of Ebner Stolz supported Blue-Cap as part of a financial due diligence. Thomas Schmid, Stefan Schultes-Schnitzlein, Nils Kürten, Christian Schröder and André Zimmermann of Orrick Hölters & Elsing acted as legal advisors to Blue Cap AG.