The Navigator Story
Navigator Equity Solutions SE - An innovative business model
Navigator Equity Solutions N.V. was founded by way of a corporate spin-off from Catalis N.V. on the 5th October 2004. The business focuses on the acquisition of majority holdings in privatly-owned, small and medium-sized firms. Its core competence lies in the identification of investment opportunities, the execution of such investments and the active management of investee companies that are facing special situations.
Since its establishment in 2004 Navigator SE looks back on a successful corporate development.
The key developments are summarised below:
October 2004 - Navigator Equity Solutions N.V. is listed on the Freiverkehr of the German Stock Exchange in Berlin/Bremen valued at 4 million euros. Subsequently in June 2005, Navigator Equity Solutions N.V. moves up to the General Standard segment of the German Stock Exchange and starts trading on XETRA.
August 2005 - The company concludes successfully a capital increase. Through the issuance of 14,298,000 shares at a nominal value of 0.10 euro per share the share capital is inreased to 28,596,000 shares, raising 1.43 million euro in new funds.
February 2006 - The company issues 2,859,600 new shares at a nominal value of 0.10 euro per share without pre-emtive rights at a price of 0.23 euro per share. After completion of the transaction the share capital amounts to 3,145,560 euro divided into 31,455,600 shares.
April 2006 - Navigator Equity Solutions N.V. invests in Nanoventure N.V., a consulting and investment company focussing in the nanotechnology area. Nanoventure N.V. is distributed as a dividend in kind to existing Navigator shareholders at a ratio of 4:1 i.e. every Navigator shareholder receives one share in Nanoventure N.V. for each four shares in Navigator Equity Solutions N.V. Subsequently Nanoventure N.V. is listed in the Freiverkehr of the German Stock Exchange.
June 2006 - Successful placement of a convertible bond with a volume of around 20 million euro with private and institutional investors in Germany and abroad. The funds raised strengthen Navigator Equity Solutions N.V. capital base and increases its ability to engage in new investments.
August 2006 - The subsidary bioenergy systems N.V. is distributed as dividend in kind to existing Navigator shareholders at a ratio of 70:1, i.e. every Navigator shareholder receives one share in bioenergy systems N.V. for each 70 shares in Navigator Equity Solutions N.V. Subsequently bioenergy systems N.V. is listed on the Freiverkehr of the German Stock Exchange.
October 2006 - Human Internet CONSULT AG (HIC) is taken over by Navigator Equity Solutions N.V. HIC is an IT consulting firm that successfully has positioned itself in the growing IT services market. The company has grown consistently in the past and has generated positive returns throughout the recent years.
December 2006 - Navigator Equity Solutions N.V. unique spin-off business model has proven so successful that the management decides to further expand and to operate this business model in an independent company: The Capella Capital N.V. is founded and is distributed as dividend in kind to existing Navigator shareholders at a ratio of 20:1 in March 2007.
July 2008 - Acquisition of The Ascendo Group N.V. with its subsidiaries Ascendo Management GmbH and ACON Actienbank AG. Broadening of the strategic focus and positioning as a financial services company offering a broad range of capital market related services for small and medium-sized companies.
March 2009 - Change of the company's legal form to a European Public Limited Company (SE).
Today Navigator Equity Solutions SE is a publicly listed financial services company offering a broad range of capital market related services for small and medium-sized companies. The company's business activities comprise private equity, investment advisory, consulting as well as investment banking. Its subsidiary ACON Actienbank AG has an excellent market position as an independent investment bank in the small and midcap segment.