SMG Holding S.à.r.l.

22.12.2023 - 08:00:14

SMG Holding takes leading high-tech engineering company BigRep public - listing planned for the first quarter of 2024

Issuer: SMG Holding S.à.r.l. / Key word(s): IPO/Merger

22.12.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

SMG Holding acts as IPO sponsor and investor for BigRep's listing BigRep is a leading provider of large-format, industrial 3D printers Listing on the regulated market of the Frankfurt Stock Exchange via business combination with SMG Technology Acceleration SE Expected market capitalization of around EUR 130 million Further listings initiated by SMG Holding planned for 2024 Luxemburg/Berlin, 22 December 2023 – SMG Holding, an IPO sponsor and investor focused on the European medium-sized business sector, announces the listing of BigRep, a leading global provider of large-format industrial 3D printers. Following the listing, the company is expected to have a market capitalization of around EUR 130 million and is expected to receive new funding of at least EUR 30 million to finance growth investments and strategic acquisitions. BigRep's listing on the regulated market of the Frankfurt Stock Exchange (General Standard) is planned for the first quarter of 2024.

For this purpose, a business combination agreement was signed between BigRep GmbH and the already listed SMG Technology Acceleration SE, a subsidiary of SMG Holding. The first and simultaneously implemented strategic step is the acquisition of the Austrian company HAGE3D GmbH, the market leader in high-temperature 3D printing. This is supposed to enable BigRep to further expand its market position. HAGE3D's products complement BigRep's range of low-temperature 3D printing products.

The renaming of SMG Technology Acceleration SE into BigRep SE and the listing of new public shares is expected to take place upon closing of the transaction in the first quarter of 2024. SMG’s founder Dr. Stefan Petrikovics will join the company’s board as vice-chairman.

Dr. Stefan Petrikovics, CEO of SMG Holding, comments: „BigRep is a fast-growing high-tech engineering company and an impressive example of German precision manufacturing with global distribution. For us as SMG Holding, this transaction is the first in a series of listings of medium-sized companies in which we will remain invested in the long term. In the medium term, we plan to list at least two high-growth companies per year. To this end, we create the necessary structures for a listing, identify suitable companies and provide growth capital. This allows us to offer companies secure framework conditions for access to the capital market. Our SMG model is designed to pave the way for a new form of partnership-based and growth-oriented equity financing for medium-sized companies.“

BigRep on its way to becoming the European champion in additive manufacturing
BigRep intends to use the funds from the consummation of the business combination to grow to become a European champion in the industry. With locations in Boston, Shanghai and Singapore, annual sales growth of around 50% and a team of 100 employees, BigRep has established itself as a key player in the industry. BigRep takes a holistic approach to solutions, offering its customers reliable large-format 3D printers, intelligent software for ease of use and productivity, and customized services. BigRep uses machine learning to continuously develop its solutions. BigRep is convinced that with its comprehensive offering and its open system and quality philosophy, it has positioned itself strongly in the market and is in a position to meet the requirements of the growing and diversifying market for industrial additive manufacturing.

For the upcoming listing, SMG Holding is providing both the capital and the listing vehicle together with renowned family offices and other investors in medium-sized companies. SMG will remain a shareholder in the company after the listing and is committed to a long-term partnership.

Led by CEO Dr. Stefan Petrikovics, the experienced team at SMG Holding brings extensive expertise from capital market transactions with a total volume of more than EUR 22 billion.

Dr. Stefan Petrikovics comments on the market for IPOs: „We see great potential in the European and especially the German IPO market. Due to the volatile market environment and the placement risks, only a few medium-sized companies in Germany dare to go public. We have therefore decided to create an approach with maximum security for the entire listing process. Capital is raised strategically and in line with demand, with the timing optimally tailored to the company.“

BigRep's listing marks the start of a series of planned listings initiated and co-financed by SMG Holding. A second listing from the real estate sector with a market capitalization in the mid three-digit million range is already planned for the first half of 2024. For this, a letter of intent was signed with Sircle Hospitality Group Ltd. The listing of an energy company is expected to follow in the second half of 2024.

About SMG Holding
SMG Holding is an IPO sponsor and investor specializing in the European mid-market. SMG Holding builds successful partnerships between investors, entrepreneurs and industry leaders in European growth companies. The aim is to offer growth companies simple and predictable access to the capital market. The SMG Holding team has experience from over 50 capital market transactions with a volume of more than 22 billion euros.

You can find further information at: https://smg-holding.com.

Press contact
Kirchhoff Consult AG
Daniel Börsch
Email: smg@kirchhoff.de
Phone: +49 40 60 91 86 18

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