INVESTORS IN SEEDRS PORTFOLIO COMPANY OPPO BROTHERS RECEIVE HIGHLY PROFITABLE BUYOUT OFFER FROM HP WILD HOLDING AG

Seedrs, Europe’s leading equity investment  platform, announces that shareholders of portfolio company Oppo Brothers have received an offer to buyout all of their shares.

Seedrs investors have invested over £1.1 million into Oppo over the course of three rounds. The buyout offer will see investors receive £6.15 per share, which represents a significant profit for all of them:

❖    Seedrs investors who invested in Oppo in their 2015 round did so at a price of £1.414 per share, meaning that they will earn a 4.35x return on their investment. This goes up to 6.21x, and no CGT to pay, for those who were able to take advantage of EIS tax reliefs.

❖  Oppo raised a second round through Seedrs in 2016 at £2.85 per share, so this offer represents at 2.16x return (3.08x, and no CGT to pay, after tax reliefs) for them.

❖  Seedrs investors also invested in an Oppo convertible instrument in 2017, and they will receive a 1.5x return on their investment.

The offer has been made by HP Wild Holding AG (“Wild”), the family investment office of Dr. Hans-Peter Wild, a successful, global entrepreneur in the food and beverage space, with key contacts across the entire F&B value chain and in the FMCG sector.

The offer is not a takeover of Oppo Brothers, as the founders will remain at the helm and continue to be majority shareholders together with related parties. Wild is looking to acquire a significant stake in the company by purchasing the shares held by external investors, including Seedrs. Investors will therefore have the choice to accept the offer or decline it and hold onto their shares. However, Wild’s offer is subject to more than 90% of investors accepting.

Founded in 2014, Oppo Ice Cream is the brainchild of brothers Charlie and Harry Thuillier, who conceived the idea during a record-breaking expedition in South America. Using superfoods such as baobab, cacao and stevia leaf as alternatives to sugar, a scoop of Oppo has fewer calories than an apple.

Unlike the non-dairy alternatives, Oppo can truly call itself ice cream and the products have captured the attention of hundreds of Waitrose, Asda and Sainsbury’s stores across the UK, backing from British tennis champion Andy Murray and over 1,000 investors on Seedrs.

Jeff Lynn, co-founder and Executive Chairman of Seedrs, says: “We’re delighted to see investors in Oppo receive this attractive buyout offer. Early investors in Oppo will be receiving an impressive return for a four year investment, which is a further demonstration of the positive returns investors can earn from investing in early-stage businesses. It has been a great pleasure working with Charlie and Harry through their journey, and we wish them the best of luck as they continue to grow the company together with HP Wild.”

Charlie Thuillier, Co-Founder of Oppo, says: “We are absolutely thrilled to present our Seedrs investors with this buyout offer. It has always been our mission to give our crowd investors, who’ve been with us on the Oppo journey since January 2015, a positive return on their investment. We have a number of shareholders who invested on the same terms outside the Seedrs platform, and they are all delighted to accept the offer. Dr. Wild and his team have a wealth of expertise in the FMCG industry and we’re excited to begin a new phase of the business with their involvement.”

Thomas Pfisterer, Director for Direct Investments at HP Wild Holding AG, says: “We like the product, the mission to improve the way people eat, and the entrepreneurial spirit of the Oppo team. We are ready to support Oppo with significant resources to help them achieve their goals. However, such support from our side can only be justified in connection with a meaningful stake in the company. We’re therefore prepared to purchase non-founder shares at a significant premium to purchase prices paid in very recent, similar buyback transactions in Oppo to ensure it is attractive for investors to sell.”