Frankfurt am Main, 10 November 2021 ACXIT Capital Partners acted as IPO advisor to Veganz Group AG (the “Company” or “Veganz”), the Berlin-based purely plant-based/vegan food company awarded Germany’s most innovative food brand in 20211), on its successful initial public offering (“IPO”) on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse).

In the course of the roadshow process, all 547,120 offered ordinary bearer shares with no par value (auf den Inhaber lautende Stammaktien ohne Nennbetrag (Stückaktien)) of the Company ("Shares") were placed with investors in the IPO at EUR 87.00 per Share. The placement comprised 388,733 new Shares from a capital increase, 87,024 existing Shares from the holdings of the selling shareholders as well as an over-allotment consisting of 71,363 existing Shares from the holdings of the lending shareholders. Therefore, the total volume of the IPO amounts to around EUR 47.6 million.

Gross proceeds from the sale of the new shares in the IPO amount to around EUR 33.8 million. Veganz intends to use the net proceeds primarily for the establishment of the new production site near Berlin as well as investments in the further organic and inorganic growth, e.g. for research and development, expansion of field force, marketing and further expansion in selected European countries.

“Since our foundation more than 10 years ago we at Veganz are pioneers, setting standards in our markets. Having accomplished the first ‘vegan IPO’ in Germany is another milestone in our history. We welcome all new investors at Veganz and cordially invite everyone to participate with us in the potential of the vegan food market. Now, it is about implementing our growth strategy and fully seize the opportunities for Veganz”, reflects Jan Bredack, founder and CEO of Veganz.

The shares of Veganz carry the international securities identification number (ISIN) DE000A3E5ED2, the German Securities Code (Wertpapier-Kenn-Nummer (WKN)) A3E5ED and the ticker symbol VEZ.

About Veganz

Veganz - Good for you, better for everyone - is the brand for plant-based food. Founded in Berlin in 2011, Veganz became known as the European vegan supermarket chain. With a colorful and life-affirming company philosophy, Veganz managed to break open the vegan niche and establish the plant-based nutrition trend on the market. The current product portfolio includes around 120 products (101 active products as of September 30, 2021) across 17 categories and is available in more than half of all European countries and in 22,264 points of sale (POS) globally as of June 30, 2021, excluding Veganz' own three stores in Berlin, Germany. In addition, the Veganz product portfolio is continuously being expanded to include high-quality, innovative items and the sustainable value chain is constantly being improved. For this commitment, Veganz was the only German company to be voted one of the top innovative brands and Germany's most innovative food brand in an exclusive Handelsblatt ranking in 2021.

Transaction Team ACXIT Capital Partners
Jens Tschauder, Managing Partner
Christian Enderichs, Director
Simon Vorwerk, Analyst
Julius Ohlenbusch, Analyst