Gleiss Lutz advises MPC Capital on further capital increase
Gleiss Lutz advised MPC Münchmeyer Petersen Capital AG ("MPC Capital") on a capital increase under exclusion of shareholders' subscription rights by way of an accelerated bookbuilding. The Hamburg-based asset and investment manager is set to receive gross proceeds of approx. EUR 17.3 million from the capital increase. The proceeds will be used primarily to finance the company's further growth and the plans of the MPC Capital Group to make equity co-investments in connection with new tangible asset investments.
As part of the the capital increase resolved on 1 March 2018 and entered in the commercial register on 2 March 2018, 3,042,790 new no-par-value ordinary bearer shares were successfully placed with institutional investors. The placement price was fixed at EUR 5.70 per new share. As a result of the capital increase, the nominal share capital of MPC Capital AG has increased from EUR 30,427,916.00 to EUR 33,470,706.00. Settlement and payment of the new shares took place on 6 March 2018. The new shares were included into the trading of the existing shares of the Company in the Open Market (Scale) of the Frankfurt Stock Exchange without the requirement of a prospectus.
MPC Capital was advised by the following team of Gleiss Lutz lawyers: Dr. Stephan Aubel (lead), Dr. Hoimar von Ditfurth (both partners), Alexander Gebhardt, Jan-Rasmus Roßkamp and Dr. Walter Andert (all corporate and capital markets, Frankfurt).
Gleiss Lutz has advised MPC Capital on several occasions in connection with capital market transactions, most recently on a rights offering in September 2016, where Gleiss Lutz took the lead in preparing the securities prospectus approved by BaFin.