Masterflex SE (ISIN:DE0005492938) announced a change in its shareholder structure that strengthens its long-term oriented shareholder base. BBC GmbH, the investment company of CEO Dr. Andreas Bastin and CFO Mark Becks, sold its entire stake of 644,950 shares, representing 6.61% of the company's share capital, to J.F. Muller & Sohn Aktien-Gesellschaft, Hamburg. The purchase price was EUR 14.00 per share, based on the 100-day average share price.
As a result, J.F. Muller & Sohn increases its stake in Masterflex SE to 29.37%, further solidifying its role as a long-term anchor shareholder. The transaction enhances the stability of the shareholder base, with no changes to the company's strategic direction or the continuity of the Management Board. Dr. Andreas Bastin and Mark Becks will continue to lead Masterflex SE with unchanged commitment. Additionally, both executives will remain directly incentivized through an earn-out arrangement agreed as part of the transaction, tying their personal interests to the company's value development.
Dr. Andreas Bastin commented: "Our investment in Masterflex, made around 15 years ago, has always reflected our confidence in the Company's potential and was at the same time part of our long-term personal asset planning. This investment has been and remains our largest private investment; however, it has reached a size where, from a personal wealth management perspective, a more balanced diversification has become appropriate. The sale allows us to achieve this balance without changing our commitment to Masterflex in any way. As long as we continue to assume responsibility on the Management Board, we will further develop the Company with the same passion, continuity and long-term perspective."
Raphael Sohngen, Management Board member of J.F. Muller & Sohn, added: "We have accompanied the development of Masterflex SE for many years and are fully convinced of the Company's strategic direction and future prospects. With a clear strategy, consistent innovation efforts and a high degree of operational discipline, Dr. Andreas Bastin and Mark Becks have transformed Masterflex into a successful and market-leading specialist for hose and connection technology with attractive growth prospects. By increasing our stake, we are expressing our confidence in the Management Board and the Company's long-term development."
The transaction is expected to provide a stable foundation for Masterflex's continued growth, as the company specializes in sophisticated connection and hose systems with 14 operating units across Europe, America, and Asia. The company's shares are listed in the Prime Standard of the German Stock Exchange. For more information, refer to the original release on NewMediaWire.
