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CM.com N.V. — M&A Activity 2019
Dec 19, 2019
3825_iss_2019-12-18_c76ca6b0-1b51-45cc-9c9d-335b58f3ec2f.pdf
M&A Activity
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PRESS RELEASE
Amsterdam, 18 December 2019
Dutch Star Companies ONE and CM.com confirm exclusive discussions on future cooperation
Dutch Star Companies ONE N.V. ("DSCO"), a special purpose acquisition company listed on Euronext Amsterdam (symbol: DSC1) is in exclusive discussions on a potential business combination with CM.com, a global Conversational Commerce platform that provides enterprises full-scale CPaaS services with integrated payment solutions. This press release contains information as meant in section 7 of the European Market Abuse Directive.
DSCO and CM.com have entered into a non-binding heads of agreement, valuing CM.com at an equity value of at least EUR 210m post-money, assuming a capital injection of at least EUR 50m at business combination with an option to further upsize. The investment is intended to fuel CM.com's growth strategy going forward. Stephan Nanninga, Promoter of DSCO, will join the Supervisory Board of CM.com following the business combination.
These discussions are ongoing and there can be no certainty that this will result in a business combination. An update on further developments will be given in due course.
PRESS AND INVESTOR INFORMATION
Press contacts:
David Brilleslijper, Bickerton Strategies, + 31(0)20 255 9355, +31 (0)6 10942514 or [email protected] CM.com, Uneke Dekkers +31 (0) 650261626 [email protected]
Investor contacts:
Dutch Star Companies ONE, David van Ass, Derk Hoek, Felix Snoeck Henkemans +31 (0)20 416 1303 or [email protected] CM.com, Anneke Hoijtink +31 (0)6 4328 0788 or [email protected]
ABOUT DUTCH STAR COMPANIES ONE
The name Dutch Star Companies ONE (DSCO) refers to the objective of DSCO to raise capital and to acquire a significant minority stake in a single Dutch high performing 'star company' with principal business operations in Europe, preferably in the Netherlands (the "Business Combination").
More information about DSCO can be found in the Prospectus dated 9 February 2018 which has been approved by the Dutch Authority for the Financial Markets, the AFM and on the website at www.dutchstarcompanies.com.
ABOUT CM.COM
CM.com is a Conversational Commerce platform that connects enterprises and brands to the mobile phones of billions of consumers globally. The company provides messaging channels, such as RCS, SMS, WhatsApp and Apple Business Chat combined with a Customer Data Platform and other platform features. CM.com is the leading and trust in use CPaaS platform in the world with integrated Payments functionality. Almost ten thousand clients trust CM.com's products to deliver better marketing, better sales and better service to their customers.