Vivanco Gruppe AG

M&A Activity • Mar 29, 2011

News Details

Ad-hoc | 29 March 2011 15:44

Vivanco Gruppe AG: Strategic Investor acquires majority stake in Vivanco Gruppe AG

Vivanco Gruppe AG / Key word(s): Mergers & Acquisitions

29.03.2011 15:44

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Strategic Investor acquires majority stake in Vivanco Gruppe AG

Ship Group, Ningbo/China, has today signed a sales and purchase agreement
for the acquisition of 66,67% of the shares of Vivanco Gruppe AG with the
current majority shareholder of the Group, LSF Irish Holdings III Limited.
It is planned as part of this that Vivanco Gruppe AG management also
acquires shares from LSF Irish Holdings III Limited. The transfer of the
shares and a public tender offer will be published within the legally
required time frame.

Ship Group operates among others manufacturing plants in China for
electronic accessories products and is with an annual turnover of more than
200 m Euro one of the largest market participants in this industry. Ship
Group has for many years been a major supplier for Vivanco Gruppe AG in
many products.

The new combination with Ship Group offers Vivanco excellent strategic
opportunities in the supply markets in China. The economic advantages for
Vivanco are especially in a close cooperation with Ship Group in its
purchasing activities in China, which will have a positive impact on the
supply chain processes, the cooperation with all its suppliers, and access
to innovation. For Ship Group, Vivanco offers access to the European
market with a wide ranging coverage and a proprietary sales and service
function, very good client relationships to all relevant channels, and an
excellent marketing platform. In this way, manufacturing and marketing of
electronic accessories will be closely linked in the future.

A fundamental change or restructuring of Vivanco's European activities has
not been planned.

As part of the acquisition, credits of 15 m Euro granted to the Group by
MHB Bank AG, Frankfurt, which remained Vivanco liabilities after the
balance sheet restructuring of 2010, will remain long term credits to
Vivanco until 31.12.2015. The credits pay no interest in 2011 and 2012. For
subsequent years, interest payments will be capped at low rates. Vivanco
Gruppe AG liquidity will further be fundamentally reorganised and
strengthened through an agreement with Ship Group concerning the financing
of the Group's merchandise purchases in China and a new shareholder loan.

Vivanco Gruppe AG
The Executive Board

29.03.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Vivanco Gruppe AG
Ewige Weide 15-17
22926 Ahrensburg
Deutschland
Phone: +49(0) 41 022 31-0
Fax: +49(0) 41 022 31-2 07
E-mail: vivancoag@vivanco.de
Internet: www.vivanco.de
ISIN: DE000A1E8G88
WKN: A1E8G8
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of Announcement DGAP News-Service

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