CorpHQ Executes Strategic Cooperation Agreement with Kirchhoff Consult, AG to Develop Companies for Frankfurt Stock Exchange Listings; Agreement Creates New Revenue Channel for CorpHQ
09:15 a.m. 06/05/2006 Provided by
REDONDO BEACH, Calif., Jun 05, 2006 (BUSINESS WIRE) -- CorpHQ, Inc. (COHQ) announced that it has executed a Strategic Cooperation Agreement with Kirchhoff Consult, AG to find and package mature foreign companies seeking to qualify for fully sponsored Initial Public Offerings (IPOs) on the Frankfurt Stock Exchange.
Kirchhoff Consult, AG is the leading IPO consultancy in German-speaking Europe. The company has sponsored and/or packaged 42 IPOs since 1998.
CorpHQ provides capital and strategic management services to accelerate the growth of its portfolio companies. This agreement represents a new business offering for the company, which will allow it to provide its services to larger, more mature companies.
Under the terms of the agreement, CorpHQ's larger, non-European portfolio companies will be packaged specifically for fully sponsored IPOs on the Frankfurt Stock Exchange, facilitated through Kirchhoff.
Jens Hecht, CFA, Member of the Board of Kirchhoff Consult, commented: "As listing partner of the Frankfurt Stock Exchange, we are very interested in bringing international companies to the German market in cooperation with CorpHQ. The new market segment entry standard provides a simple, quick and cost-efficient way for foreign companies to have their shares listed in Frankfurt."
Gregg Davis, Executive Vice President of CorpHQ, remarked: "We are excited to embark on this strategic relationship with Kirchhoff Consult given the global nature of business today. This relationship provides us with access to larger amounts of capital for the many strong, innovative companies we meet in our day to day business. Kirchhoff Consult's leading position as one of the premier IPO consultancies in Europe will strengthen CorpHQ's international presence as well. We intend to make the most of it."
