BRAIN FORCE HOLDING AG has clearly enhanced its liquidity basis and has
taken out a loan of EUR 10 million for a period of 7 years to finance further
acquisitions.
"We have an excellent balance sheet structure which enables us to take out
loans under favourable conditions. Altogether, we now have free funds of more
than EUR 20 million. This is an ideal basis on which to finance even larger
acquisitions this year", explains Helmut Fleischmann, CEO of BRAIN FORCE HOLDING
AG, announcing this recent move. BRAIN FORCE plans to continue its successful
buy and build strategy so as to strengthen its position in the growth market of
managed services and to make strategic additions to its product portfolio.
The group's equity ratio is almost 60 percent, which is clearly above the industry average. The very good rating resulting therefrom enables the group to raise outside funds in the form of a bullet bond for EUR 10 million for a low interest rate of 5.17 percent which is fixed for the complete period of 7 years. The additional funds greatly enhance the group's capital structure. Compared with equity financing, this move tremendously improves the return on equity.