Portfolio company Limestone Capital AG successfully completes financing round
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EQS-Ad-hoc: 029 Group SE / Key word(s): Financing Berlin, 31st July 2024. 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that it was notified today that its portfolio company Limestone Capital AG had a financing event. Several non-operational shareholders have sold secondaries at a signifanctly higher valuation than the last one on record, and the company has raised fresh money via a convertible loan. Using this new valuation, the value of 029 Group’s interest in Limestone Capital has doubled from EUR 16.2 million to approximately EUR 33.4 million on a fully diluted basis.
About 029 Group SE 029 Group SE believes that the next generation of consumer brands will be built on connection, experiences, and community. In a post-pandemic world, new patterns of work, life and leisure are emerging and accelerating. These trends create opportunities in hospitality and lifestyle for innovation-driven entrepreneurship with a strong community focus. 029 Group SE backs the most audacious entrepreneurs with a hands-on investment approach, focusing on areas where they can add significant value through their platform, global network and company building expertise. 029 Group SE is based in Berlin, Germany. For further information, please see: https://www.029-group.com/
029 Group SE End of Inside Information
31-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | 029 Group SE |
| Neue Schönhauserstraße 3-5 | |
| 10178 Berlin | |
| Germany | |
| E-mail: | ir@029-group.com |
| Internet: | www.029-group.com |
| ISIN: | DE000A2LQ2D0 |
| WKN: | A2LQ2D |
| Listed: | Regulated Market in Dusseldorf, Munich |
| EQS News ID: | 1958409 |
| End of Announcement | EQS News Service |
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1958409 31-Jul-2024 CET/CEST
