x

The latest industry news to your inbox.


I'd like to hear about marketing opportunities

    

I accept IQ Magazine's Terms and Conditions and Privacy Policy

news

Germany’s DEAG raises €6m for acquisitions

Following its market delisting, the newly private DEAG has raised €6.06m by way of a cash capital increase to fund future expansion

By IQ on 05 May 2021

Christian Angermayer's Apeiron Investments, DEAG's largest shareholder, participated in the fund raise

Christian Angermayer's Apeiron, DEAG's largest shareholder, participated in the fund raise


image © Apeiron Investment Group

Berlin-based live entertainment group DEAG has raised more than €6 million to fund future acquisitions in “key markets”, it announced today (5 May).

The company recently delisted from the stock market after 23 years as a listed company, with CEO Peter Schwenkow telling IQ that DEAG (Deutsche Entertainment AG) could raise more funds as a private company than on the financial markets.

To raise the new funding – €6.06m in total – DEAG will increase its share capital by 1,962,597 new shares, or approximately 10%, with the support of its largest individual shareholder, Apeiron Investment Group, which subscribed to the capital increase through its ‘Live Opportunities Fund’.

The proceeds, according to a statement from the company, will “be used to take advantage of attractive market opportunities to acquire companies that are identified at short notice. DEAG is thus continuing to pursue its strategy of growth in key markets and extending its value chain.”

Promoter/ticket agency DEAG owns businesses in Germany, Switzerland, the UK and the Republic of Ireland.

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.