DGAP-News: MeinAuto Group postpones IPO

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MeinAuto Group postpones IPO

Munich, 11 May 2021 - MeinAuto Group AG ("MeinAuto Group") together with Hg has decided to postpone the contemplated IPO due to currently adverse market conditions for high growth companies. The transaction was covered on the first day of bookbuilding and oversubscribed on the full deal size including the greenshoe.

MeinAuto Group and Hg are fully committed to a positive aftermarket performance of the shares post listing at the Frankfurt Stock Exchange, which under these market conditions could not be warranted.

The initial listing of the shares of MeinAuto Group on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange was originally planned for May 12, 2021.

MeinAuto Group and Hg remain committed to listing on the Frankfurt Stock Exchange once market conditions stabilise.

About MeinAuto Group

MeinAuto Group is the leading online platform for digital new car sales in Germany. In a market where customers are increasingly looking online for usership rather than ownership solutions, MeinAuto Group offers a fully digital, affordable, and transparent monthly subscription for new vehicles and comprehensive services for all relevant brands and models in the German market. MeinAuto Group is headquartered in Oberhaching near Munich, employs around 380 people and achieved revenues of more than €200 million in 2020. For more information please visit www.meinauto-group.com.

About Hg

Hg is a leading investor in software and services, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 35 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 35 software and technology businesses, worth over $60 billion aggregate enterprise value, with over 35,000 employees globally. Visit www.hgcapital.com for more information.

Media contact

Knut Engelmann

Kekst CNC

Phone: +49 174 234 2808

Email: [email protected]

Investor Relations

Thessa von Hülsen

Phone: +49 174 910 9000

Email: [email protected]

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This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements. Moreover, it should be noted that all forward looking statements only speak as of the date of this release and that neither the Company nor BofA Securities Europe SA, Jefferies International Limited, Jefferies GmbH, Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG and UniCredit Bank AG (together, (the "Underwriters") or their respective affiliates as defined under Rule 501(b) of Regulation D under the Securities Act ("affiliates") assume any obligation, except as required by law, to update any forward looking statement or to conform any such statement to actual events or developments.

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