on Mendarion SE (isin : DE000A2LQ2D0)
029 Group SE Completes Strategic Portfolio Transactions
029 Group SE, an international investment platform, has announced the successful completion of two strategic transactions. The company has exited its stake in TRIP Drinks Ltd. This secondary share sale to existing investors is expected to generate approximately EUR 4.9 million, reflecting a realized multiple of 3.3x on invested capital. This move aligns with 029 Group's renewed strategic direction, aiming to reallocate capital towards new investments.
In addition, 029 Group SE has acquired a 5% share in Periskop Partners AG for EUR 4 million. The company, based in Berlin, operates in the real estate sector across Germany and Poland. The acquisition offers 029 Group call options to potentially increase its stake to 10%. Periskop Partners' multi-sector investment strategy complements 029 Group SE’s focus on real estate, hospitality, and lifestyle sectors.
R. H.
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