Bertolotti — M&A Activity 2020

Mar 26, 2020

Informazione Regolamentata n. 0469-13-2020		Data/Ora Ricezione 26 Marzo 2020 23:32:33	MTA - Star
Societa'	:	BE
Identificativo Informazione Regolamentata	:	129662
Nome utilizzatore	:	SERVICEN03 - Cornini
Tipologia	:	2.2
Data/Ora Ricezione	:	26 Marzo 2020 23:32:33
Data/Ora Inizio Diffusione presunta	:	26 Marzo 2020 23:32:34
Oggetto	:	2.2_Be_PR26032020_Be_Fedez Agreement
Testo del comunicato

Vedi allegato.

Shaping the future

INVESTORS INFORMATION

INVESTORS INFORMATION

March 26th, 2020 // Milan

Fedez and Be: an agreement is signed for the establishment of "Dream of Ordinary Madness (Doom) Entertainment", with the aim of creating the leader of Digital Engagement

"Be", a group listed on the STAR segment, and ZDF of Federico Lucia, Italian artist and producer aka Fedez, have decided to join forces to create the market leader in production and distribution of digital content.

"Dream of Ordinary Madness (Doom) Entertainment" is the new vehicle incorporating the spin-off of the activities of ZDF, Fedez's operational company. Be will acquire 51% of the capital of the new company for an initial price of approximately 2.0 ml/€. The parties have defined a subsequent earn-out structure that will see Be purchasing the entire share capital of Doom in 2027.

The transaction is part of Be Group's strategy of developing a major digital engagement business area, with main focus on Europe's Financial Industry, dealing with talent research & development, image management & digital presence, production of content, creation & launch of brands, and personal coaching of artists.

					MAIN OFFICES
Reuters code:	BET.MI	Total Revenues(Eur mln):	152.3	Rome	Milan
Bloomberg code:	BET IM	EBITDA (Eur mln):	25.9		London
		EBIT (Eur mln):	12.2		Munich
SHAREHOLDERS DATA (as of 12.3.2020)		EBT (Eur mln):	11.1		Frankfurt
No. of ordinary shares (mln):	134.9	Net Profit (Eur mln):	6.1		Madrid
Total no. of shares (mln):	134.9				Wien
Market cap. (Eur mln):	114.4				Varsaw
Floating (%):	42.2				Bucharest
Floating (Eur mln):	48.2				Kyiv
Main Shareholder:	T.I.P.				Zurich
	STOCK DATA			GROUP DATA (as of 31.12.2019) Net Financial Position (Eur mln): (11.4)	HEADQUARTER

Be S.p.A. Investor Relations | Claudio Cornini | +39 06 54 24 86 24 | IR.be@be-tse.it

The partnership with Be puts us in a different space - says Fedez- allowing the ZDF brand to leverage on BE's capabilities, business relationships, organization and customer base. This is a step change for us in our value proposition to both talents and branding clients."

This is an important step in the development of our digital engagement strategy, announced with our 2020-22 Business Plan - says Stefano Achermann, CEO of Be – Joining forces with ZDF, a creative agency that has in its portfolio the most prominent Italian influencers in the field of entertainment and lifestyle, will increase our capacity to provide digital content to all our clients wishing to engage with digital natives - as their customers of tomorrow".

This press release is available on the Company's website www.be-tse.it and on the centralized storage mechanism "eMarket STORAGE" at .

About Be

Be Group is listed in the STAR segment of Borsa Italiana and is one of the leading Italian players in the Consulting sector. The company provides Business Consulting and Information Technology services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to work with leading international financial and insurance institutions to create value and boost business growth. With more than 1,300 employees and branches in Italy, United Kingdom, Germany, Austria, Switzerland, Spain, Romania, Poland and Ukraine, in 2019 the Group recorded revenues in the amount of Euro 152.3 million.

Be S.p.A. Investor Relations | Claudio Cornini | +39 06 54 24 86 24 | IR.be@be-tse.it