Mountain Alliance AG

  • WKN: A12UK0
  • ISIN: DE000A12UK08
  • Land: Deutschland

Nachricht vom 18.06.2020 | 09:00

Mountain Alliance AG: Investment of Mountain Alliance AG wins renowned Fintech investor

DGAP-News: Mountain Alliance AG / Key word(s): Investment
18.06.2020 / 09:00
The issuer is solely responsible for the content of this announcement.

Investment of Mountain Alliance AG wins renowned Fintech investor

Munich, June 18, 2020 - Tillhub, an investment of Mountain Alliance AG (MA, ISIN DE000A12UK08), was able to win heidelpay Group as a new investor. The Fintech company, in which the financial investor KKR holds a majority stake, has taken a stake in Tillhub as part of a financing round. Financial details and the extent of the investment were not disclosed.

Tillhub is a SaaS provider of mobile cloud-based PoS-systems for the chain-based retail industry. In the course of the transaction, the share of Mountain Alliance AG in Tillhub is diluted from about three percent to about two percent.

"Due to the increasing depth of digitalization in the retail sector, the markets have been noticing a high level of interest particularly in cloud-based POS solutions. We are very pleased that Tillhub has attracted another well-known investor, in which KKR, one of the world's largest investment firms, has a majority stake. Tillhub provides a decisive link between payment and checkout for full-service providers in the digital payment sector. I am convinced that the transaction will further drive the scaling and internationalization of Tillhub," says Daniel Wild, CEO of Mountain Alliance AG.

About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an operative investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: the digital business. Mountain Alliance AG currently holds portfolio companies in four segments: Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media. Through its listing MA enables its shareholders a simple access to a diversified portfolio of digital assets.

Mountain Alliance AG
Manfred Danner
Bavariaring 17
80336 Munich
phone: +49 89 2314141 00
fax: +49 89 2314141 11

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Graefelfing/Munich
phone: +49 89 1250903-30

18.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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