Mutares AG (ISIN: DE000A0SMSH2), a company listed in Scale 30 of the Frankfurt Stock Exchange, plans IPO of its subsidiary STS Group AG in 2018.
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- The STS Group is considered a technological leader in plastic injection moulding, special acoustic products and the material SMC, which is used particularly in lightweight construction, and has a comprehensive customer portfolio of international commercial vehicle and automobile manufacturers
- The STS Group benefits from the dynamic growth market for vehicles with alternative drivetrains (e.g.
e-mobility) and sees significant growth potential, particularly in China and North America
- TS Group therefore plans to commence listing on the Prime Standard of the Frankfurt Stock Exchange in 2018 and a capital increase with gross issue proceeds of around EUR 50 million to finance further growth.
- Mutares intends to enable a sufficient free float by placing STS Group shares and remains majority shareholder
The Munich-based investment company Mutares AG is planning a partial exit for its subsidiary STS Group AG (www.sts.group), a leading global supplier of soft and hard trim components to the automotive industry.
The company, headquartered in Hallbergmoos near Munich, develops, produces and sells plastic components, systems and acoustic parts, primarily for light and heavy commercial vehicles and passenger cars.
The company’s customers are the leading international commercial vehicle manufacturers as well as automobile manufacturers (OEMs).
The group, which was established in 2013, has 16 production sites in seven countries, with locations in Europe, China, North and South America, including the NAFTA market. The business of the STS Group is divided into three segments: STS Acoustics (Soft Trim Products), STS Plastics (Hard Trim Products) and STS Materials (Mixed Composite Recycling Products).
IPO STS Group: CEO zufrieden mit Börsengang
In the 2017 financial year, which was characterized in particular by strong external growth due to the acquisition of the Truck Business of the Plastic Omnium Group and the acquisition of the Autoneum Group’s production facility in Brazil, STS Group generated on the basis of preliminary, unaudited pro forma figures, taking into account the aforementioned acquisitions, revenues of EUR approximately 425 million and adjusted EBITDA of around EUR 24 million.
STS Group currently employs approximately 2,500 employees and has an order backlog estimated at EUR 1.9 billion as of January 2018 for the years 2018 to 2022.
The Management Board and Supervisory Board of Mutares AG today decided to plan a listing of STS Group AG in the regulated market of the Frankfurt Stock Exchange (Prime Standard).
The aim of the IPO is to further expand STS Group’s leading market position. The offer is to include the issue of new shares of STS Group from a cash capital increase with a volume of approximately EUR 50 million.
STS Group plans to use the proceeds from the IPO for further capacity expansion. In addition, a secondary sale of STS shares held by Mutares AG is planned to enable a sufficient free float.
The existing shareholder will also make additional shares available for a possible over-allotment and greenshoe option. Mutares will remain the majority shareholder of STS Group after the IPO.
Sts group ag ipo
A lock-up of 12 months is to apply to the company and Mutares AG.
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These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of STS Group AG (the “Company”) in the United States, Australia, Canada or any other jurisdiction in which such offer or solicitation is unlawful.
The Securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.
The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended (the “Securities Act”). The Securities of the Company have not been, and will not be, registered under the Securities Act.
There will be no public offering of the securities in the United States. Any sale in the United States of the Securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in reliance on, Rule 144A or another exemption under the Securities Act.
This publication constitutes neither an offer to sell nor a solicitation to buy securities of STS Group AG.
The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any).
An investment decision regarding the publicly offered securities of STS Group AG should only be made on the basis of the securities prospectus. Following the approval of the securities prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)), the prospectus will be available free of charge from STS Group AG, Zeppelinstrasse 4, 85399 Hallbergmoos, Germany, or on the STS Group AG website.
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This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.