PRESS RELEASE
from DESIAG Deutsche Supermarkt Immobilien AG (isin : DE000A3H2ZP5)
Cardea Europe AG: Cardea Europe AG to be acquired by Cardea Luna Capital Partners LTD., establishes global fintech financing platform
EQS-News: Cardea Europe AG / Key word(s): Acquisition
Cardea Europe AG: Cardea Europe AG to be acquired by Cardea Luna Capital Partners LTD., establishes global fintech financing platform
15.08.2023 / 17:37 CET/CEST
The issuer is solely responsible for the content of this announcement.
Cardea Europe AG to be acquired by Cardea Luna Capital Partners LTD., establishes global fintech financing platform
FRANKFURT, August 15, 2023 - Cardea Europe AG (ISIN: DE000A3H2ZP5) announced today that it has entered into an agreement to be acquired by Cardea Luna Capital Partners LTD., effective August 15, 2023. Cardea Luna is a newly established entity controlled by Cardea Corporate Holdings Inc.; further shareholders are Janus Financial Technologies, and Luna Venture Partners Spain (DBA of Cardea Spain).
The strategic acquisition will allow Cardea Europe AG to become the platform for Cardea Luna's global specialty finance business focused on the vast and underserved fintech sector. Cardea Luna will provide flexible capital solutions to fintechs as well as asset and wealth managers looking to expand their digital capabilities.
Robert Sargent, Chairman of the Supervisory Board of Cardea Europe AG, released a statement: “We are excited to leverage Cardea Europe's financial infrastructure to build Cardea Luna into a leading specialist lender for fintechs worldwide. This acquisition provides us the perfect springboard to deliver innovative capital solutions to the dynamic fintech industry.”
While the current management team of Cardea Europe remains in place, the company has undertaken recruiting top venture debt professionals to join the firm, expecting to have them in place by Q4 of this year.
Cardea Luna possesses robust financial backing, an experienced leadership team, and a clear vision to become a dominant player in strategic fintech financing globally. More details on Cardea Luna’s business strategy and leadership team will be announced in the coming weeks.
Cardea Europe bondholders will be invited to a meeting in the near future to approve adjustments to the bond’s terms and conditions, including a potential increase in the coupon rate, extension of maturity, and the addition of quarterly call features. More information will be provided once the meeting has been scheduled.
The transaction closed today, August 15, 2023, as there is no change in control given Cardea Corporate Holdings' voting rights.
FRANKFURT, August 15, 2023 - Cardea Europe AG (ISIN: DE000A3H2ZP5) announced today that it has entered into an agreement to be acquired by Cardea Luna Capital Partners LTD., effective August 15, 2023. Cardea Luna is a newly established entity controlled by Cardea Corporate Holdings Inc.; further shareholders are Janus Financial Technologies, and Luna Venture Partners Spain (DBA of Cardea Spain).
The strategic acquisition will allow Cardea Europe AG to become the platform for Cardea Luna's global specialty finance business focused on the vast and underserved fintech sector. Cardea Luna will provide flexible capital solutions to fintechs as well as asset and wealth managers looking to expand their digital capabilities.
Robert Sargent, Chairman of the Supervisory Board of Cardea Europe AG, released a statement: “We are excited to leverage Cardea Europe's financial infrastructure to build Cardea Luna into a leading specialist lender for fintechs worldwide. This acquisition provides us the perfect springboard to deliver innovative capital solutions to the dynamic fintech industry.”
While the current management team of Cardea Europe remains in place, the company has undertaken recruiting top venture debt professionals to join the firm, expecting to have them in place by Q4 of this year.
Cardea Luna possesses robust financial backing, an experienced leadership team, and a clear vision to become a dominant player in strategic fintech financing globally. More details on Cardea Luna’s business strategy and leadership team will be announced in the coming weeks.
Cardea Europe bondholders will be invited to a meeting in the near future to approve adjustments to the bond’s terms and conditions, including a potential increase in the coupon rate, extension of maturity, and the addition of quarterly call features. More information will be provided once the meeting has been scheduled.
The transaction closed today, August 15, 2023, as there is no change in control given Cardea Corporate Holdings' voting rights.
15.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Cardea Europe AG |
| Lurgiallee 14 | |
| 60439 Frankfurt am Main | |
| Germany | |
| Phone: | 069 - 870 08 79 296 |
| E-mail: | investor-relations@cardeaeurope.de |
| Internet: | www.cardea-eu.com |
| ISIN: | DE000A3H2ZP5 |
| WKN: | A3H2ZP |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1704227 |
| Notierung vorgesehen. / Designated to be listed. |
| End of News | EQS News Service |
1704227 15.08.2023 CET/CEST