Evotec stake: MAK Capital discloses 7.1% holding
Evotec SE received an updated ownership and cooperation disclosure from MAK Capital Fund and related parties.
Rhea-AI Filing Summary
Evotec SE received an updated ownership and cooperation disclosure from MAK Capital Fund and related parties. The group reports beneficial ownership of 12,681,898 Ordinary Shares, representing about 7.1% of Evotec’s 177,877,782 outstanding Ordinary Shares and ADS-equivalent shares as of May 1, 2026.
MAK Fund bought these shares in open-market transactions for an aggregate purchase price of approximately 73,333,274 euros, excluding commissions. MAK and Evotec entered into a cooperation agreement on April 29, 2026, under which Evotec will nominate Dr. Wolfgang Hofmann to its Supervisory Board at the June 11, 2026 AGM, and the agenda includes increasing the Supervisory Board from six to seven members. MAK Fund agreed to customary voting and cooperation commitments, including supporting board expansion and the issuer’s nominees for the open seats.
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Insights
MAK Capital discloses a 7.1% Evotec stake and a cooperation-based board refresh.
MAK Capital Fund and affiliates report beneficial ownership of 12,681,898 Evotec Ordinary Shares, equal to about 7.1% of the company’s 177,877,782 outstanding shares as of May 1, 2026. The position was built in open-market purchases totaling about 73,333,274 euros.
The filing documents a cooperation agreement where Evotec will nominate Dr. Wolfgang Hofmann to the Supervisory Board and seek to expand it from six to seven members at the June 11, 2026 AGM. MAK commits to vote for the expansion and support the issuer’s slate for the seats up for election.
This points to a negotiated alignment rather than an adversarial activist campaign. The impact will depend on how the refreshed Supervisory Board influences Evotec’s long-term strategy and capital allocation, which would be observable in subsequent corporate actions and disclosures after the AGM.
Key Figures
Key Terms
beneficially owns financial
cooperation agreement regulatory
Supervisory Board financial
working capital financial
Schedule 13D regulatory
FAQ
How much of Evotec SE (EVO) does MAK Capital now beneficially own?
What cooperation agreement exists between MAK Capital and Evotec SE (EVO)?
How will Evotec SE’s Supervisory Board change under this agreement?
Who are the reporting persons in the Evotec SE (EVO) Schedule 13D/A filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.