The Social Chain AG (DB:PU11) signed an agreement to acquire Ds Holding Gmbh for approximately ?250 million on October 19, 2021. The consideration will be satisfied with ?100 million in cash and 2.855 million new Social Chain AG shares from authorized capital. Based on the closing price of the Social Chain share of ?42.20 on October 18, 2021. THe new shares will be issued by increasing the share capital of TSC by way of a capital increase in kind. The cash purchase price is to be financed through a combination of debt and equity capital. The equity capital shall be raised by way of an accelerated book building subsequently after the listing of the TSC shares in the Prime Standard, which will be pursued regardless of the acquisition of DSH. Ralf D?mmel appointed to Social Chain AG?s Management Board as Chief Product Officer (CPO) and Wanja S. Oberhof (CEO) and Christian Senitz (CFO) will be leading Social Chain AG. The number of Social Chain AG's employees will increase to more than 1,400. The transaction is subject to fulfillment of several closing conditions. The transaction is expected to close in Q4, 2021. Social Chain AG expects considerable growth on the basis of the integration of DS Group: revenue of more than one billion Euros is expected by the 2023 financial year. As of November 19, 2021, after the successful listing in the Prime Standard of the Frankfurt Stock Exchange, Social Chain AG is preparing a cash capital increase. The funds are to be used primarily to partially finance the purchase of DS Holding GmbH. PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft acted as legal advisor and provided Due diligence to Ds Holding. Stephan Bauer, Philipp Engelhoven (antitrust law), Oliver Stegmann (Partner, IP / IT), Jan-Boris Ingerowski (Public Law), Stefan Gatz (Labor Law) and Lukas E?ers, Hendrik Greinert and Lara Bos (all corporate law, commercial), Yannick Maa? (labor law), Hanna Wiedenhaus (commercial), Julian Leucht (IP / IT) and Saskia Hahn (real estate), as well as in house team Stefan Eisele and Frank Volpers of Esche Sch?mann Commichau acted as legal advisors to The Social Chain in the transaction.