Munich, 20 May 2020 – Mountain Alliance AG (MA, ISIN DE000A12UK08) has again achieved a successful partial exit with the sale of a part of its stake in Exasol AG, thus impressively demonstrating its sustainable investment approach even in challenging times.
The sale took place as part of the IPO of Exasol AG with the planned listing of the shares in the European growth segment "Scale" of the Frankfurt Stock Exchange on 25 May 2020. Exasol, www.exasol.com, will successfully place shares from a cash capital increase and - due to the very strong demand - from existing shareholders on the market as part of the IPO. Mountain Alliance AG sold a part of its shares in the course of the IPO, whereby the company will receive a seven-digit Euro amount. Mountain Alliance AG continues to hold a stake in Exasol AG.
Exasol is the developer of the world's fastest in-memory analytical database, which is experiencing a high demand for its extremely fast and efficient data analyses - both on-premises and in the cloud as Software as a Service (SaaS). The company, which is positioned in the rapidly growing markets of Business Intelligence, Data Analytics, Big Data and Data Science (Machine Learning/Artificial Intelligence), continues to expand. The IPO is the logical next step in order to increase brand and product awareness and to finance further growth.
"We are very pleased with the IPO of our portfolio company and our associated partial exit. This is an impressive proof of concept for our business model. The fact that Exasol AG has succeeded in placing the company successfully, despite the current difficult market environment, underlines the quality of the company. We are very confident that Exasol will play an active role in shaping the increasing digitalization and that we will have the pleasure of accompanying them," says Daniel Wild, CEO of Mountain Alliance AG.