LAIQON AG — M&A Activity 2008

Jan 17, 2008

News Details

Corporate | 17 January 2008 10:25

Lloyd Fonds AG new co-owner of Feedback AG – Acquisition of a stake in a leading German financial services retail

Lloyd Fonds Aktiengesellschaft / Letter of Intent/Agreement

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• Lloyd Fonds AG acquiring a stake of around 20 percent in Feedback AG
• Long-standing strategic partnership to be intensified
• Improved access to independent investment product retailers

Lloyd Fonds AG is planning to acquire a stake of
around 20 percent in financial services distributor Feedback AG. The
transaction, which the supervisory board of Lloyd Fonds AG has now
approved, will be executed in the form of fresh equity issued using
Feedbacks authorized capital. Both financial services companies expect to
derive benefits from this transaction against the backdrop of a heavily
changing market. Looking forward, increasing regulation (MiFID) and the
growing need for advice will call for closer cooperation between retailers
and initiators of investment products. 'With its retail subsidiaries –
Treukonzept Vermögensberatungs- und Vermittlungsgesellschaft mbH and Dr.
Ludz Vermögensberatungs- und Vermittlungsgesellschaft mbH – Feedback AG
will be making a crucial contribution to Lloyd Fonds AG’s continued
expansion,' says Dr. Torsten Teichert, CEO of Lloyd Fonds AG, commenting on
the planned transaction. 'We have already been working with the Feedback
Group successfully for many years. Accordingly, the acquisition of a stake
marks a logical step towards strengthening our position in non-captive
retailing of investment products.' Feedback AG’s retail partners and
subsidiaries will also benefit from Lloyd Fonds AG’s entry.

Based in Hamburg, Feedback AG has been the holding company since 2006 for
various retail companies primarily engaged in the closed-end fund segment.
Two subsidiaries play a leading role in assisting independent asset and
investment managers, banks, brokers and their customers. The Feedback
Group pursues a best advice principle and, with equity placements of over
EUR 200 million in 2007, is one of the largest non-captive retailers of
closed-end funds in Germany. At the end of December, Feedback AG acquired a
roughly 30 percent interest in financial services provider netfonds GmbH.
Lloyd Fonds AG’s entry gives all of the retail partners affiliated with the
Feedback Group broader access to the Hamburg-based company’s extensive
range of products in addition to their previous portfolio.

'This strategic investment marks a further step in the Company’s growth and
diversification process along the entire value chain,' explains Michael F.
Seidel, CFO at Lloyd Fonds AG. 'The Feedback group enjoys an excellent and
fast-growing position in retailing activities for closed-end funds.'

Contact:
Dr. Goetz Schlegtendal
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: ir@lloydfonds.de

17.01.2008 Financial News transmitted by DGAP

Language: English
Issuer: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Deutschland
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: info@lloydfonds.de
Internet: www.lloydfonds.de
ISIN: DE0006174873
WKN: 617487
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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