The NAGA Group AG: Christian Angermayer's Apeiron Investment Group and Fosun Join Forces to Further Drive NAGA Growth
NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for trading, cryptocurrencies and payments NAGA.com, announces its largest equity financing round to date and welcomes Apeiron Investment Group Ltd, the private investment company of entrepreneur and investor Christian Angermayer, and Igor Lychagov, founder of Exness (one of the world's largest brokerage firms with a monthly trading volume of USD 1 trillion) as new strategic and long-term investors. Hauck & Aufhäuser acted as sole bookrunner in the transaction.
In addition to participating in the capital increase, Apeiron has entered into a share purchase agreement with its Elevat3 strategy, operating in partnership with Peter Thiel's Founders Fund, to purchase a block of shares from FOSUN Group and is in negotiations to acquire additional shares from other shareholders. These transactions are subject to regulatory approvals. In total and upon full completion, Apeiron is targeting a stake of approximately 22% in NAGA.
Following the strategic investment, the Supervisory Board is to be increased from four to five members at the upcoming Annual General Meeting. The company will propose to elect Christian Angermayer as a new member of the Supervisory Board. In order to be able to add this agenda item to the upcoming Annual General Meeting, the date of the Annual General Meeting was postponed from September 23, 2021 to October 11, 2021.
Benjamin Bilski, Founder and CEO says: "We are delighted to welcome Apeiron with its Elevat3 strategy as a new strategic partner. We have worked very hard over the last few years and this partnership is an absolute milestone for us. Already, NAGA has more than 1 million registered accounts, operates in more than 100 countries and is on track to grow revenue by more than 100% in 2021 compared to 2020. And that's just the beginning. I believe that NAGA's growth can be accelerated with the proceeds of the current capital increase and with the strategic input of our new shareholders. "
Christian Angermayer comments: "NAGA is one of the fastest growing neo-brokers in the world. The company has impressively proven that combining social media, investments, cryptocurrencies and payments on one platform attracts a new generation of investors who are used to a simple user experience and all services just a tap away. This retail investment market is growing rapidly and offers tremendous potential. I am very much looking forward to working with the founders, the board, Igor and Fosun."
Alan Liu, global partner of Fosun and board member NAGA said, "We are delighted to be working with Christian, who has a proven track record of building global technology champions. We are also honored to welcome Igor Lychagov to our investor table, his retail brokerage experience is truly second to none."
NAGA also announces its new investor relations website. At https://www.group.naga.com, the company will provide investors with detailed information about the company and its performance, as well as regular company presentations, trading updates and videos.
About NAGA
NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company's proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical Mastercard. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an enhanced foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005857/en/
Contact information
Benjamin Bilski
+49 (0)40 5247 79153
ben@naga.com
ingo.janssen@ubj.de
About Business Wire
Business WireSubscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Rigaku Conducts Elemental Analysis of a Sample Obtained by NASA of the Asteroid Bennu9.5.2024 16:00:00 CEST | Press release
Rigaku Corporation, a Rigaku Holdings Group company and Rigaku global solution partner in X-ray analytical equipment (head office: Akishima, Tokyo; president and representative director: Jun Kawakami; hereinafter “Rigaku”), has completed analysis of particles from 101955 Bennu, a near-Earth carbonaceous asteroid classified as a type B. The analysis was performed using ZSX Primus IV, a wavelength dispersive X-ray fluorescence spectrometer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508939191/en/ ZSX Primus IV (Photo: Business Wire) The particles from Bennu are a sample obtained by OSIRIS-Rex, a spacecraft of the United States National Aeronautics and Space Administration (NASA). This analysis constitutes the second time Rigaku has been tasked with conducting analysis related to Bennu. On the first occasion, in December 2023, Rigaku measured water and carbon content in a sample from the carbonaceous asteroid using therm
John Potthoff Joins RQM+ as CEO9.5.2024 16:00:00 CEST | Press release
RQM+, a leading global MedTech contract research organization (CRO), today announced John Potthoff, Ph.D., as its new CEO. This transition comes as former CEO, Margaret Keegan, announced she plans to move out of day-to-day operations to focus on her role as an operating partner with Linden Capital Partners. Margaret will remain on the board of RQM+. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509890767/en/ John Potthoff (right) joins MedTech leader RQM+ as its new CEO as Margaret Keegan, former CEO, announced her decision to transition to focusing on her role as an operating partner with Linden Capital Partners and will remain on the board of RQM+. (Photo: Business Wire) John, co-founder and former CEO of Elligo Health Research®, has been on the RQM+ board since 2021. He brings extensive MedTech industry expertise to his new role as CEO of RQM+. Prior to Elligo, he was CEO of Theorem Clinical Research, which had a sign
Wasabi Technologies Delivers Flexible Hybrid Cloud Storage Solutions for Data Protection9.5.2024 15:31:00 CEST | Press release
Wasabi Technologies, the hot cloud storage company, today announced a collaboration with Dell Technologies, via the Extended Technologies Complete program to bring affordable and innovative hybrid cloud solutions for backup, data protection, and long-term retention to customers. In a time marked by the exponential growth of data, organizations worldwide face the need for efficient and cost-effective storage solutions. The Wasabi-Dell collaboration addresses this challenge by providing flexible, efficient hybrid cloud solutions enabling users to optimize their data management processes while simultaneously reducing overall costs. "Dell is a clear industry leader with a broad and deep portfolio of transformative technology,” stated David Friend, co-founder and chief executive officer at Wasabi Technologies. "This collaboration will extend the reach of Wasabi's cloud storage to a broader audience, catering to users in search of a dependable, economical solutions for safeguarding their dat
Tecnotree Collaborates with People+AI to Drive Open Cloud Compute Infrastructure and AI Standardization9.5.2024 15:30:00 CEST | Press release
Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced its partnership with people+ai, an initiative of the non-profit EkStep Foundation, on joining the Open Cloud Compute (OCC) project. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509411323/en/ As the market leader in TM Forum Open API Conformance, Tecnotree holds the top position with the highest number of certified APIs among all members. With 59 certified Open APIs and an additional 17 transformation APIs from Camara defined by GSMA, Tecnotree offers a comprehensive suite of 76 APIs. This extensive API portfolio enables Tecnotree to support over 250 out-of-the-box journeys across the order-to-cash and provisioning lifecycle for monetization. The partnership aims to enhance India’s compute ecosystem by creating a network of providers offering accessible and customized compute resources. The platform shares a coll
Boomi to Simplify and Accelerate the Move to SAP Datasphere9.5.2024 15:00:00 CEST | Press release
Boomi™, the intelligent integration and automation leader, today announced an enhanced version of Boomi for SAP to help accelerate the migration of SAP Business Warehouse (SAP BW) customers to SAP Datasphere. By leveraging Amazon Web Services (AWS), Boomi aims to address the critical challenge of enterprise customers who need to transition to SAP Datasphere, and unlock the full potential of their business data in a cost-effective and streamlined way. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509748233/en/ Boomi to Simplify and Accelerate the Move to SAP Datasphere (Graphic: Business Wire) Addressing a Critical Challenge in Data Migration With mainstream support ending for SAP BW coming at the close of 2027, SAP BW customers are encouraged to migrate to SAP Datasphere, which will enable business transformation by delivering seamless, scalable access to business-critical data. However, the move to SAP Datasphere requir
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom