ValueTrust Acts as Independent Fairness Opinion Provider to the Board of Directors of Leoni AG

Munich, Germany (5 March 2021)

Valuation Research Group (VRG), a leading global provider of independent valuation, advisory, and value-related services, is pleased to announce that VRG’s Germany-based member firm, ValueTrust acted as an independent fairness opinion provider to the Board of Directors of Leoni AG on the sale of its Wire & Cable Solutions Division unit Leoni Schweiz AG.

The Board of Directors and Supervisory Board of Leoni AG have agreed to the sale of Leoni Schweiz AG, Switzerland to a consortium of buyers led by former Leoni board member Bruno Fankhauser and Helvetica Capital. Leoni Schweiz AG is the holding company of Leoni Studer AG, a specialist in high-quality cables and wires for complex applications in the industrial and infrastructure sectors.

ValueTrust was engaged by the Board of Directors of Leoni AG to provide an independent valuation opinion on the fairness of the transaction from a financial perspective in accordance with the DVFA Standards.

About the Leoni Group
Leoni is a global provider of products, solutions and services for energy and data management in the automotive sector and other industries. The value chain encompasses wires, optical fibers, standardized cables, special cables and assembled systems as well as intelligent products and smart services. The market-listed group of companies has around 95,000 employees in 32 countries and generated consolidated sales of EUR 4.8 billion in 2019.

About Leoni Schweiz AG
Leoni Schweiz AG, through it subsidiary Leoni Studer AG, develops and produces high-quality power and safety cables and wires for complex applications in the industrial and infrastructure sectors. The portfolio also includes an irradiation cross-linking and sterilization business. The company was founded in 1939, has been part of the Leoni Group since 2006 and currently employs around 400 people.

About VRG
Valuation Research Group (VRG) is a global valuation practice that furnishes expert and independent opinions of value for solvency, fairness, business enterprises, intangible assets, capital stock, equity interests, real estate and fixed assets. VRG has a network of over 1,300 professionals located in offices throughout continental Europe and the United Kingdom, Brazil, China, India, Mexico, Canada, Argentina, Australia, and the United States. The Germany-based practice operates as ValueTrust.