ValueTrust Provided IPO and Exit Readiness Advice to KKR-backed HENSOLDT AG

Munich, Germany (1 October 2020)

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 provided IPO and exit readiness advice to KKR-backed HENSOLDT AG on its successful IPO.

On September 25, HENSOLDT AG (“HENSOLDT”) shares began trading at the issue price of EUR 12 on the regulated market of the Frankfurt Stock Exchange (Prime Standard). The total offer volume amounts to approx. EUR 460 m, indicating a total market capitalization of EUR 1.26 bn and an enterprise value of EUR 2.29 bn. With the tailwinds from the successful IPO, KKR-backed HENSOLDT will make a big step to further strengthen its position as Europe’s leading, platform-independent provider of defense and security sensor solutions with global reach.

For the last three-and-a-half years, ValueTrust is a trusted financial advisor to HENSOLDT, providing IPO and exit readiness advice to the CFO and management in offering hands-on, on-site support throughout all IPO phases and performing a comprehensive financial planning process review including a KPI steering analysis. In addition, they constantly provide financial advisory and valuation advice to HENSOLDT, e.g. in supporting the annual impairment test, performing purchase price allocations, and providing company valuations for manifold purposes.

About HENSOLDT

HENSOLDT is a pioneer of technology and innovation in the field of defense and security electronics with more than 150 years of heritage from companies like Carl Zeiss, Airbus, Dornier, Messerschmitt and Telefunken. Based in Taufkirchen near Munich, the company is a German Champion with strategic leadership positions in the field of sensor solutions for defense and non-defense applications. HENSOLDT develops new products to combat a wide range of threats based on innovative approaches to data management, robotics and cybersecurity. With more than 5,400 employees as of December 31, 2019, HENSOLDT generated revenues of EUR 1.11 billion in 2019.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds.

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.