CHAPTERS Group AG Secures EUR 52m Funding for Corporate Expansion

CHAPTERS Group AG has announced securing EUR 52 million in funding commitments from a series of family offices, including Antheia, led by Spotify founder Daniel Ek. This funding, set at EUR 24.70 per share, is earmarked for a significant capital increase scheduled for 2024 through a rights issue.

Jan-Hendrik Mohr, CEO of CHAPTERS Group, indicated that the new capital would support the ongoing expansion and development of their current operations which includes 44 subsidiary companies. He emphasized that the investment would also facilitate the acquisition of more businesses and the creation of new platforms under the CHAPTERS umbrella. This move aims to solidify the company's reputation as a pivotal entity in housing mission-critical businesses.

The company plans to raise an additional EUR 60 million to EUR 80 million later this year, contingent on projected financial needs. This initiative includes a binding backstop agreement that will ensure the placement of up to EUR 52m worth of shares at EUR 24.70 each, which are not originally taken up in the rights issue.