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Nachricht vom 08.05.2019 | 08:06

The Carlyle Group Intends To Place Shares in KAP AG, a German Industrial Group

DGAP-News: Joh. Berenberg, Gossler & Co. KG / Key word(s): Disposal

08.05.2019 / 08:06
The issuer is solely responsible for the content of this announcement.

Press release

For immediate distribution


The Carlyle Group Intends To Place Shares in KAP AG,
a German Industrial Group

London, May 8, 2019 - Global investment firm The Carlyle Group (NASDAQ: CG) has today announced its intention to place shares of KAP AG (IUR: Frankfurt) via an equity capital markets transaction and thereby to significantly increase KAP's free float and capital markets profile.

Carlyle Strategic Partners ("CSP") currently holds a 45.5% stake in the German publicly listed mid-sized industrial group. In addition, KAP AG's second largest shareholder, FM-Verwaltungsgesellschaft mbH ("FM GmbH"), with a stake of 25.7% in KAP AG, is also considering to place shares of KAP AG along with CSP but intends to continue holding the majority of its current stake and agrees to a 24-month lock-up (subject to customary exceptions) for the remaining stake. Any sale by FM GmbH would be limited to 600,000 shares, representing 7.7% of KAP AG's share capital. A final decision is subject to a number of conditions, including a favourable capital markets environment.

Berenberg and Commerzbank have been mandated as Joint Bookrunners on the transaction. Lilja & Co. is the independent adviser to Carlyle.

Headquartered in Fulda, Germany, KAP is an industrial group. Structured across five segments, it has a broad market presence as well as a global sales and manufacturing footprint.

Carlyle Strategic Partners has previously invested in a number of other industrial and manufacturing companies, including Klenk Holz AG, a German manufacturer of wood products, and Brintons, a global manufacturer of specialist woven carpets for residential and commercial premises.

The information was submitted for publication by Joh. Berenberg, Gossler & Co. KG on behalf of The Carlyle Group on May 8, 2019.


About KAP AG
KAP AG is a mid-sized industrial group with approximately 3,000 employees. KAP specialises in engineered products, flexible films, it/services, surface technologies and precision components, developing innovative industrial products and technological solutions for international companies from trade and industry. Thanks to KAP's long-term business strategy, KAP has been able to occupy numerous attractive market niches with sustainable growth potential. KAP's focus within these is on developing high-margin industrial segments into highly specialized, market-leading product lines. As a reliable partner in the context of succession planning, KAP also acquired attractively positioned medium-sized companies with a view to strengthening its existing segments or developing new ones.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle's purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents.

Through its two business lines, AlpInvest and Metropolitan, the Investment Solutions platform gives investors access to the large and complex universe of private equity and real estate assets through primary, secondary and co-investment funds on a global basis.

Important notices
This publication constitutes neither an offer to sell nor a solicitation to buy securities.

This document may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This document does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the "Securities") of KAP AG (the "Company") in the United States, Germany or any other jurisdiction. 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. 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 under the Securities Act.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). 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.



The Carlyle Group contacts:

Catherine Armstrong
Tel: +44 (0) 207 894 1632

Katharina Gebsattel
Tel: +49 172 718 68 57


08.05.2019 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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