New principal owners of DDM Holding AG
DDM Holding AG (First North: DDM), has a new significant investor in Aldridge EDC Specialty Finance (”AEDC”). AEDC is run by Erik Fällström, Chairman and Co-Founder, and Andreas H Tuczka, Co-Founder and Managing Partner. AEDC now owns approximately 48.81 per cent (6,618,263 shares) of the shares in DDM Holding AG.
AEDC bought 3.5 million shares from the founders of DDM Holding, Kent Hansson and Manuel Vogel, at SEK 42.50 a share. After the transaction Kent Hansson owns approximately 4.31 per cent (584,027 shares) of DDM Holding AG and Manuel Vogel owns approximately 3.46 per cent (469,070 shares) of the company.
”Erik Fällström and I are very impressed with the DDM Group and are excited to work with the management to continue on the successful growth path of the group. We have been looking for the right opportunity to re-engage in the distressed asset and non-performing loans industry. We believe that DDM Group, with its disciplined cost structure, recently well diversified funding base and clear focus on Central and Eastern Europe is best positioned to deliver exceptional growth", says Andreas Tuczka, Co-Founder and Managing Partner of AEDC.
Kent Hansson and Manuel Vogel will continue to be engaged in the company via their positions as members of the board.
This is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 11 April 2017.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Gustav Hultgren, CEO
Mail: investor@ddm-group.ch | Tel: +46 8 4080 9030
DDM Holding AG (Nasdaq First North Stockholm: DDM) is a leading acquirer and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 2 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.
Aldridge EDC Specialty Finance Partners ("AEDC") business objective is the purchase of operating businesses and assets in the financial services sector in Europe and CEE. The core focus lies on acquisitions of / investments in (i) platforms and assets of un-/secured (non- and sub-performing) consumer loans, SME loans, residential mortgages; (ii) financial solutions platforms (on low cost and high-/ fin-tech basis) offering payment and banking solutions for underbanked consumers, and (iii) (distressed/sub-performing) regulated financial institutions (including banks). AEDC is run by Erik Fällström, former Co-Founder of HOIST Finance, and Andreas H Tuczka, former partner at Lone Star Europe.
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