EMERAM to invest in CoCoNet AG for next growth phase

Issuer: EMERAM Capital Partners GmbH / Key word(s): Investment/Private
Equity
EMERAM to invest in CoCoNet AG for next growth phase

29.04.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

EMERAM to invest in CoCoNet AG for next growth phase


Munich (DE), 29 April 2024 - CoCoNet AG (CoCoNet), a corporate banking
software provider for digital corporate banking focused on payments and cash
management, has been acquired by funds advised by EMERAM, a leading growth
investor for medium-sized companies in German-speaking countries.

Founded in 1984 and headquartered Düsseldorf, CoCoNet provides stand-alone
front-office solutions that enable financial institutions to enhance
end-user experience without the need to overhaul their core banking systems.
During the last 10 years, CoCoNet expanded from Germany to neighboring
countries, such as Italy, Netherlands, UK, Switzerland and Austria.

Björn Hassing, Co-CEO of CoCoNet said: "I am immensely proud of what the
CoCoNet team has achieved and with EMERAM we have found an experienced and
long-term oriented investor who will be a strong partner to help us
capitalize on opportunities in our next growth phase, while continuing to
provide excellent customer service to our existing customers. As we embark
on this exciting phase of expansion, we would like to express our gratitude
to the former shareholders."

Dr. Alexis Tran-Viet, Partner of EMERAM, explains: "We are looking forward
to supporting CoCoNet in driving digital banking transformation in the
coming years. EMERAM has deep expertise in B2B software and we look forward
to working with CoCoNet's management team to address some of the most
pressing challenges in digital banking."

Dr. Johannes Benzing, Principal of EMERAM, adds: "Our acquisition of CoCoNet
is another example of EMERAM's thematic sourcing strategy in attractive
technology niches. Our goal is to identify software companies with market
leading positions and a high share of recurring revenues which are poised
for growth through product suite expansion and geographic reach."

EMERAM was advised by Noerr (Legal), FGS (Tax), A&M (Financial), Telescope
(Commercial), Codejoi (Technical) and Clearwater (Financing). CoCoNet and
its shareholders were advised by ARTHOS (M&A) and Orth Kluth (legal).

CoCoNet AG - www.coconet.de

CoCoNet provides banks with a powerful front-end that allows for convenient
payment, liquidity and cash management, thereby seamlessly integrating
corporate customers into their banking processes. The major building blocks
of the platform are:

  * multi:bank, the payment and cash management product and central access
    channel to all bank information and processes

  * multi:hub, an international banking server required for European
    standardized multi-banking environments that acts as middleware to
    connect client channels with the back-end banking systems

  * multi:versa has been introduced most recently to enhance the platform
    through additional functionalities such as client and product
    onboarding, communication and document exchange as well as individual
    financial information cockpit

ABOUT EMERAM - www.emeram.com

EMERAM is one of the leading investment managers for medium-sized companies
in German-speaking countries. Funds advised by EMERAM provide more than 650
million euros of capital for the development of growing companies. The
portfolio includes companies from the technology/software, value-added
services and new consumer staples sectors. EMERAM acts as a long-term
business development partner for its companies and promotes the sustainable
growth (organic and inorganic) of the portfolio companies. In addition, the
company focuses on the implementation of holistic ESG concepts.

Currently, the portfolio contains seven platform investments with
cumulatively more than 2,500 employees. The companies continuously achieve
double-digit organic sales growth. In addition, more than 30 add-on
acquisitions accelerated the growth and enabled international expansion.

For further information please contact:

Media contact EMERAM - WMP EuroCom AG

Viona Brandt: Tel.: +49 (0)175 93 93 320 | Email: emeram@wmp-ag.de

Susanne Horstmann: Tel.: +49 (0)89 2488 331 02 | Email: emeram@wmp-ag.de

Media contact CoCoNet AG

Patrick Brüns: Tel.: +49 (0)211 24902 0 | Email: patrick.bruens@coconet.de


---------------------------------------------------------------------------

Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------