Equity Capital Markets Team Germany
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Equity Capital Markets Team Germany allenovery.com Our strength is our experience with complex assignments Capital markets are difficult to predict and present serious challenges to investors and issuers. Both investment banks and corporate entities need competent support, especially when it comes to developing innovative and tailor-made structures; they need lawyers who have the necessary specialist knowledge coupled with the practical experience for implementing their ideas. This is why Allen & Overy’s Equity Capital Markets team comprises only acknowledged experts who, thanks to their experience and expertise, ensure that we are very well versed with the ins and outs of the market and offer top-quality advice to our clients at all times. Equity Deal Ranked 1st Tier 1 of the Year EMEA Equity IPO: Chambers Global and IFLR Europe Awards Issuer by value, Legal 500 2020 2016, 2017, 2018 Bloomberg Q3 2020 “Clients speak highly of the team’s The team “handled a very responsiveness and availability, complex, multi-jurisdictional and describe the lawyers as ‘reliable, transaction brilliantly, with a very client-oriented and pragmatic’!” fast turnaround and a focus on Chambers Europe Germany 2019 the core issues at hand.” (Client) Chambers Europe Germany 2020 2 Equity Capital Markets Team Germany | 2020 What you can Our expect from us expertise Leading ECM practice Our Equity Capital Markets team in Germany provides you with access to excellent, Our German Equity Capital Markets team, led by experienced lawyers with a track record of Dr Knut Sauer, has advised on many of the most high- advising our clients on some of the most profile ECM transactions in Germany in recent years. complex securities offerings in Germany and The team is an integral part of our EMEA ECM practice all over Europe. Our experience with clients which was ranked 1st in the Bloomberg Q3 2020 EMEA that operate, list or offer securities in multiple Equity IPO League Tables (issuer by value) and won jurisdictions means that you will benefit from the Equity Deal of the Year Award at the IFLR Europe truly integrated German, U.S. and local law Awards in 2016, 2017 and 2018. capabilities where appropriate. Integrated advice Areas of advice: The German Equity Capital Markets team is supported – initial public offerings (including Rule 144A by a first-class international equity team, including U.S. placements with institutional U.S. investors) law specialists which is consistently ranked in first- – rights issues tier positions for equity and debt capital markets by Chambers Global and Legal 500. Marc Plepelits, – capital increases with the exclusion of U.S. capital markets partner in Frankfurt, heads our subscription rights U.S. practice in Germany with a focus on ECM and – secondary placements and block trades high-yield bond transactions. Our lawyers work closely with other practice areas and our offices in – dual listings the leading financial centres, including London, – issues of convertible and exchangeable bonds New York, Luxembourg, Hong Kong and Shanghai. – bonds with warrants Our international network spanning more than 40 offices enables you to benefit from integrated and – other equity capital markets transactions comprehensive advice in all aspects of capital (eg de-listings, up-listings etc) markets law. In addition, we provide ongoing capital markets advice for issuers and their board members Full-service German capability (such as insider dealing, ad-hoc publicity, directors’ dealings and other ongoing obligations We work hand in hand with our colleagues in our following a listing). offices in four of Germany’s most important commercial centres: Düsseldorf, Frankfurt, Hamburg and Munich. Our German practice is highly rated by independent publications such as JUVE. It has a full-service capability with approximately 220 lawyers advising on all aspects of corporate, finance and banking, equity and debt capital markets and tax law. “Very good team.” Legal 500 Germany 2019 allenovery.com 3 Selected Equity Capital Markets experience in Germany IPOs and Listings Certain investors in connection with the J.P. Morgan, Morgan Stanley and Perry Capital on the IPO of LEG Immobilien envisaged IPO of AUTO1 Group on the Berenberg Bank on the IPO of Rocket AG on the regulated market (Prime Standard) regulated market (Prime Standard) Internet AG on the Open Market of the of the Frankfurt Stock Exchange. of the Frankfurt Stock Exchange. Frankfurt Stock Exchange and Berenberg Deutsche Bank in relation to the admission in connection with the uplisting of Rocket Gerry Weber on its Re-IPO on the to trading of shares in ProSiebenSat.1 Media Internet SE to the regulated market regulated market of the Frankfurt AG on the regulated market (Prime Standard) (Prime Standard) of the Frankfurt Stock Exchange. of the Frankfurt Stock Exchange. Stock Exchange. Bryan Garnier & Co Ltd. and Citi on the Premium Listing of RHI Magnesita Senvion S.A. on its IPO on the regulated Commerzbank Aktiengesellschaft N.V. on the Main Market of the London market (Prime Standard) of the Frankfurt as Joint Global Coordinators und Joint Stock Exchange. Stock Exchange. Bookrunners in connection with the UBS Investment Bank, Deutsche Bank, contemplated initial public offering of Hapag-Lloyd AG on its IPO on the Goldman Sachs, BNP Paribas and congatec Holding AG. regulated market (Prime Standard) of UniCredit on the contemplated IPO of the Frankfurt Stock Exchange and on Commerzbank Aktiengesellschaft CBR Fashion Holding AG on the regulated the regulated market of the Hamburg on the IPO of creditshelf, a German market (Prime Standard) of the Frankfurt Stock Exchange. FinTech company, on the regulated Stock Exchange. market (Prime Standard) of the Frankfurt BNP Paribas, J.P. Morgan, UBS Molecular Partners on its IPO on the SIX Stock Exchange. Investment Bank, Berenberg and Swiss Exchange. Goldman Sachs on the IPO of Braas CORESTATE Capital Holding S.A. Monier Building Group S.A. on the on its IPO on the Open Market of the regulated market (Prime Standard) Frankfurt Stock Exchange and its of the Frankfurt Stock Exchange. subsequent uplisting to the regulated market (Prime Standard) of the Triton on the IPO of its portfolio company Frankfurt Stock Exchange. Stabilus S.A. on the regulated market (Prime Standard) of the Frankfurt Joh. Berenberg, Gossler & Co. KG, Stock Exchange. Citigroup Global Markets Limited and Commerzbank Aktiengesellschaft on the Evonik Industries AG on its IPO on the IPO of Shop Apotheke Europe NV on the regulated market (Prime Standard) of the regulated market (Prime Standard) of the Frankfurt Stock Exchange and the regulated Frankfurt Stock Exchange. market of the Luxembourg Stock Exchange. Rights Issues and Capital Increases CORESTATE Capital Holding S.A. on its Goldman Sachs and UniCredit on the Bankhaus Lampe and Commerzbank in capital increase. cash capital increase of ProSiebenSat.1 connection with a rights issue and parallel Media SE. capital increase by way of contributions in Berenberg on the capital increase of cyan AG. kind by DIC Asset AG. Deutsche Beteiligungs AG on its Senvion S.A. on its capital increase. capital increase. Deutsche Bank, J.P. Morgan and alstria office REIT-AG on its Morgan Stanley on the rights issue of Berenberg, J.P. Morgan and Morgan capital increase. Porsche Automobil Holding SE. Stanley on the capital increase of Citigroup on the capital increase of Rocket Internet AG. Deutsche Bank, Morgan Stanley, Shop Apotheke Europe B.V. Commerzbank and The Royal Bank TUI AG on the capital increase by way of of Scotland in connection with the Berenberg and Kempen on private contribution in kind and listing in connection combined rights issue and secondary placements of treasury shares by with the takeover by way of a scheme of placement of HeidelbergCement AG. TAG Immobilien AG. arrangement of TUI Travel PLC. Commerzbank, Morgan Stanley and UBS on the structuring and implementation J.P. Morgan Securities plc in connection Société Générale on a capital increase of a capital increase by incorporation of with the capital increase of ThyssenKrupp AG. reserves of Braas Monier in connection with of LEG Immobilien AG. the tender offer by Standard Industries. allenovery.com Equity-Linked BNP Paribas, Landesbank Baden- RAG-Stiftung on its issue of exchangeable J.P. Morgan on the placement of convertible Württemberg and UniCredit on the bonds, exchangeable into no par value bonds issued by Rocket Internet. placement of convertible bonds of ordinary registered shares of Evonik HSBC, DZ BANK, Landesbank Dürr Aktiengesellschaft. Industries AG. Baden-Württemberg and Société Goldman Sachs, Jefferies and Société CORESTATE Capital Holding S.A. on the Générale Corporate & Investment Générale on the placement of convertible placement of convertible bonds. Banking on the issue of senior unsecured convertible bonds of Salzgitter AG. bonds and the parcial repurchase of GK Software on the placement of a outstanding convertible bonds of convertible bond. BofA Merrill Lynch, Deutsche Bank and TAG Immobilien AG. Société Générale Corporate & Investment Citigroup Global Markets Limited, ODDO Banking on the issue of convertible bonds Deutsche Bank, HSBC, Société Générale, SEYDLER Bank AG, ODDO & Cie, Stifel by LEG Immobilien AG. Unicredit and Commerzbank on the Nicolaus Europe Limited and BHF-Bank combined placement of convertible bonds AG on the issuance of convertible bonds by J.P. Morgan, Berenberg, Kempen & Co and new shares of LEG Immobilien AG. Adler Real Estate AG. and Anoa Capital on the placement and tap up of secured convertible bonds issued The banks in connection with the issue of Deutsche Bank, Berenberg and Credit by Grand City Properties. bonds by Kering S.A., convertible in Suisse on the placement of convertible Puma shares. bonds issued by TAG Immobilien AG. alstria office REIT-AG on the issue of senior unsecured convertible bonds. GERRY WEBER International AG on the A German issuer on the issue of mandatory issue of a convertible bond in the context convertible bonds.