Gleiss Lutz has advised a consortium lead by COMMERZBANK and M.M. Warburg & CO as Joint Bookrunners on a capital increase of Allgeier SE. MainFirst Bank acted as Co-Lead Manager.
Allgeier SE is a leading IT company for digital transformation with more than 9,000 employees and some 1,300 freelance employees. The company plans to use the proceeds from the capital increase to finance further growth investments and further acquisitions.
In the transaction, 997,864 registered shares were issued at a placement price of EUR 24.00 per share. Using a book building process, the new shares were placed with international institutional investors, members of corporate bodies of the company and other executives of the Allgeier Group without a securities prospectus. The gross issuance volume amounted to approximately EUR 24 million. The new shares are expected to be listed on the regulated market of the Frankfurt Stock Exchange (General Standard) presumably on 20 June 2019, however, due to different dividend entitlement, at first under a separate ISIN. After the general shareholders’ meeting of Allgeier SE on 28 June 2019, which will inter alia resolve on dividend payments for the finan-cial year 2018, the new shares will be included in the existing quotation of the shares of the company (ISIN DE000A2GS633) presumably on 3 July 2019.
The Gleiss Lutz team acting for the consortium comprised Dr. Stephan Aubel (lead, partner), Alexander Gebhardt, Jan-Rasmus Roßkamp and Dr. Walter Andert (all corporate and capital markets, Frankfurt).
Inhouse, COMMERZBANK was advised by Ingo Nebel (legal, Frankfurt) and M.M. Warburg & CO was advised by Dr. Christel Turpeinen and Felix Pröfrock (both ECM, Hamburg).
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