KKR & Co Ltd.
Ariane Melanie Springer and Axel Sven Springer sell parts of their Axel Springer shareholdings to KKR
Ariane Melanie Springer and Axel Sven Springer sell parts 16 August 2019 – Ariane Melanie Springer and Axel Sven Springer, the two grandchildren of publisher Axel Springer, have decided to accept the voluntary public tender offer for Axel Springer SE (“Axel Springer”) by Traviata II S.à r.l., a holding company owned by funds advised by KKR, for parts of their shareholdings. Ariane Melanie Springer and Axel Sven Springer will accept the tender offer for shares representing approximately 3.7 percent of the share capital of Axel Springer SE in the course of the ongoing additional acceptance period. With their remaining shares, they will continue to be independent shareholders of the company. “My sister and I are convinced of the entrepreneurial concept for the further development of Axel Springer. We therefore back the tender offer and intend to use the remaining part of our shareholdings to further support the company’s development and its growth path,” said Axel Sven Springer. Axel Springer shareholders who have not yet accepted the offer can do so within the additional acceptance period, which will expire at midnight (CEST) on 21 August 2019. Additional information is available at www.traviata-angebot.de/en. ###
KKR media contact Germany
About KKR KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
About Axel Springer Axel Springer is a media and technology company and active in more than 40 countries. By providing information across its diverse media brands (among others BILD, WELT, BUSINESS INSIDER, POLITICO Europe) and classifieds portals (StepStone Group and AVIV Group) Axel Springer SE empowers people to make free decisions for their lives. Today, the transformation from a traditional print media company to Europe’s leading digital publisher has been successfully accomplished. The next goal has been identified: Axel Springer wants to become global market leader in digital content and digital classifieds through accelerated growth. The company is headquartered in Berlin and employs more than 16,300 people worldwide. In the fiscal year 2018, Axel Springer generated 71 percent of revenues with its digital activities which also contributed 84 percent to earnings (adj. EBITDA).
Disclaimer and forward looking statements This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Axel Springer SE. The terms and conditions of the public tender offer, as well as further provisions concerning the public tender offer are published in the offer document, the publication of which has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) to. Investors and holders of shares in Axel Springer SE are strongly advised to read the offer document and all other documents regarding the public tender offer when they become available, as they will contain important information. End of Media Release Issuer: KKR & Co. Inc. Key word(s): Internet and Multimedia
16.08.2019 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |