On October 21, 2020, shares of Compleo Charging Solutions AG (“Compleo”) began trading on the Prime Standard segment of the Frankfurt Stock Exchange. Total proceeds from the IPO (almost €44m) will be used to strengthen Compleo’s market-leading position by expanding production capacities and continuing investment in R&D to maintain its technological leadership. Compleo also intends to use a significant part of the proceeds for the strategic goals of growth through expansion in the EU.
Duff & Phelps has been acting as a trusted financial advisor to Compleo’s management team since the management buy-in (out) in 2019, providing advice throughout the process and performing financial planning and reporting. In early 2020, Compleo decided that the next step in the company’s growth would involve going public. Duff & Phelps is thrilled to have had the chance to stand side-by-side with the management team during this journey. We have assisted the team throughout the IPO process, helping them develop a comprehensive business plan.
Our team of experts provided a range of services, including creating an integrated financial model (P&L, BS, CF statement and indicative valuation); performing market research to support the business plan assumptions; facilitating discussions with the underwriting banks; performing ad-hoc analyses; and preparing presentations for internal and external planning discussions.
We would like to thank Georg Griesemann and Peter Gabriel from Compleo for entrusting us with this important role in such a significant project for the company.
“Duff & Phelps is a phenomenal financial advisor. We were supported every step of the way by a great team, and their contribution to our IPO’s success can hardly be measured. It was a pleasure working with Duff & Phelps, and we are looking forward to future cooperation,” comments Georg Griesemann, Co-CEO and CFO of Compleo.
Compleo Charging Solutions AG is a leading provider of charging solutions for electric vehicles. Company information can be found here.