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Pressemitteilung BoxID: 88889 (Reverse Logistics GmbH)
  • Reverse Logistics GmbH
  • Karl-Hammerschmidt-Str. 36
  • 85609 Dornach
  • http://www.rev-log.com
  • Ansprechpartner
  • Olaf Meier
  • +49 (89) 49049-400

Voluntary Public Tender Offer of Reverse Logistics GmbH

(PresseBox) (Dornach, ) This morning, the management board of CCR Logistics Systems AG, 85609 Dornach, was informed by Reverse Logistics GmbH, Munich, that Reverse Logistics GmbH decided to submit to the shareholders of CCR Logistics Systems AG a voluntary public tender offer in the form of a cash offer at a price of EUR 7.50 per bearer share. According to Reverse Logistics GmbH, this offer price corresponds to a premium of 25% over the weighted average share price of our Company for the last three months as last published by the German Federal Financial Supervisory Authority on January 9, 2007.

Reverse Logistics GmbH is an indirect subsidiary of Monitor Clipper Equity Partners II L.P., a US fund advised by Monitor Clipper Partners LLC, a private equity firm located in Cambridge (USA), London and Zurich.

Moreover, the management board of CCR Logistics Systems AG was informed that Reverse Logistics GmbH simultaneously exercised a call option which it entered into with the founder of the company and two further major shareholders, which together own approx. 39.01% of our Company’s common stock. The option provides for the acquisition of these shares in exchange for newly issued shares in Reverse Logistics GmbH. The shares of our Company will be valued at €7.50 per share in this transaction. Further, shareholders holding a total of 14.78% in CCR Logistics Systems AG have undertaken vis-á-vis Reverse Logistics GmbH to accept the voluntary tender offer of Reverse Logistics GmbH for the shares held by them; alternatively, these shareholders are entitled to contribute their shares to Reserve Logistics GmbH by way of a contribution in kind in exchange for newly issued shares in Reverse Logistics GmbH at the conditions of the above call option. The obligation to contribute or sell the shares is subject to approval of the acquisition by the German Federal Cartel Office.


Following information regarding above mentioned Ad-hoc release were published today:

Reverse Logistics GmbH, an indirect subsidiary of Monitor Clipper Equity Partners II L.P., has reached an agreement with Deutsche Post AG for the acquisition of 100% of the shares in Vfw AG. Vfw AG is a leading service provider in the field of reverse logistics. It is currently setting up its own “Dual System” as an alternative provider to the “Green Dot” of the former monopolist Duales System Deutschland GmbH. This transaction was already publicly announced on 3rd January 2007.

Reverse Logistics GmbH submitted today a voluntary tender offer for all outstanding common stock of CCR Logistics Systems AG at the price of €7.50 per share. CCR Logistics Systems AG is a specialist in the management of take-back systems in the automotive, electro and electronic as well as industry and commerce sectors. This offer price corresponds to a premium of 25% over the weighted average share price of CCR Logistics Systems AG for the last three months as last published by the German Federal Financial Supervisory Authority on 9th January 2007.

Simultaneously Reverse Logistics GmbH exercised a call option which it entered into with the founders and other key shareholders of CCR Logistics Systems AG, which together own approx. 39.01% of the company’s common stock. The option provides for the contribution of these shares to Reverse Logistics GmbH in exchange for newly issued shares in Reverse Logistics GmbH. The shares of CCR Logistics Systems AG will be valued at €7.50 per share in this transaction. In addition, shareholders which own 14.78% of CCR Logistics System AG’s common stock have signed irrevocable commitments to tender their shares to Reverse Logistics GmbH. These shareholders have the option during a limited period to contribute their shares to Reverse Logistics GmbH under the same conditions as in the call option referred to above.

The closing of the acquisition of shares in Vfw AG and CCR Logistics Systems AG are subject to approval by the German antitrust authorities.

Achim Winter, CEO of CCR Logistics Systems AG: "The combination of CCR and Vfw constitutes a business which will offer its customers a unique breadth of reverse logistics services in Germany and Europe. We look forward to our future cooperation with Vfw."

Clemens Reif, CEO of Vfw AG: "This transaction is an optimal outcome for Vfw. CCR and MCP will be very good partners for the future development of Vfw. Following the start-up of our Dual System, the combination of these two companies will become a center of expertise for reverse logistics, and the only full service provider of reverse logistics services in Germany and Europe."

Peter Laino, Managing Director, Monitor Clipper Partners: "Vfw and CCR are very complementary businesses, which together will have a very attractive growth potential in the European market for take-back systems. We intend to actively support both companies in fulfilling their potential."

Reverse Logistics GmbH

CCR Logistics Systems AG seated in Dornach near Munich is the specialist in the management of take-back systems. As an international Business Process Outsourcing Partner for industry and trade, CCR develops take-back systems with full-coverage logistics processes and IT - supported reporting and clearing. CCR Logistics Systems AG is a subsidiary of the Reverse Logistics (Group) GmbH. The Reverse Logistics Group (RLG) is specialist for reverse logistics. Subsidiaries and affiliated companies of RLG are leading in running take back systems for products and packaging in Europe. Comprehensive logistics processes and IT supported reporting and clearing are core competences of the group. More than 2,000 customers from industry and commerce rely on solutions from RLG, among them renowned and well-known companies such as the Volkswagen group, the BMW group, Toyota, Porsche OSRAM, Red Bull, Woolworth, Hakle, Deichmann and Johnson Controls but also well-known companies from the pharmaceutical sector like ratiopharm and Boehringer Ingelheim.
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