2018

Capital Increase
Marlowe plc
GBP 20m
Joint Global Coordinator /
Joint Bookrunner
JUL 2018

Marlowe plc

Marlowe plc is a UK provider of maintenance and installation services for fire protection, security, water treatment and air hygiene systems

Issuer: Marlowe plc
Ticker: MRL LN
Country: United Kingdom
Sector: Business Services
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 180m
Offer Structure: 4,210,000 primary shares (c. GBP 20m)
Issue Price: GBp 475.00 per share
Use of Proceeds: Supporting the Company’s acquisition-led growth strategy


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Cenkos (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 13 July 2018
  • First Day of Trading: 18 July 2018
Capital Increase
Ceres Power Holdings plc
GBP 20m
Joint Global Coordinator /
Joint Bookrunner
JUL 2018

Ceres Power Holdings plc

Ceres Power is a fuel cell technology and engineering company, working with leading OEMs to commercialise its core technology (SteelCell) in mass-market energy products for the commercial, residential and transportation markets.

Issuer: Ceres Power Holdings plc
Ticker: CWR LN
Country: United Kingdom
Sector: Capital Goods / Fuel Cells
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 158m
Offer Structure: 132,625,994 primary shares (c. GBP 20m)
Issue Price: GBp 15.08 per share
Use of Proceeds: Providing sufficient capital to fully fund the business, financing a new manufacturing facility in the UK, enabling the company to industrialise the 5KW stack, providing funding for the JV with Weichai Power and strengthening the group’s balance sheet


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Zeus Capital (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 4 July 2018
  • First Day of Trading: 27 July 2018
Rights Issue
Cofinimmo SA
EUR 155m
Joint Bookrunner
JUN 2018

Cofinimmo SA

Cofinimmo SA is the largest property company in Belgium with a commercial portfolio of c. €3.5bn. Its main activities focus on offices in Belgium and healthcare properties in Belgium, France, Germany and the Netherlands. It recently also bought its first healthcare property in Germany

Issuer: Cofinimmo SA
Ticker: COFB BB
Country: Belgium
Sector: Real Estate


Listing: Regulated Market of Euronext Brussels
Market Cap pre Transaction: c. EUR 2.3bn
Offer Structure: 1,642,374 primary shares (c. EUR 155m)
Subscription Price: EUR 94.50 per share (c. 10.1% discount to TERP)
Subscription ratio: 13:1 (i.e. 1 new share for 13 existing shares)
Take-up ratio: 80.41%
Use of Proceeds: Financing the updated 2018 pipeline of committed investments and investments under due diligence, while maintaining a debt ratio of around 45%


Berenberg Role: Joint Bookrunner
Syndicate: BNP Paribas and ING (Joint Global Coordinators & Joint Bookrunners), Berenberg, Degroof Petercam, KBC Securities and Société Générale (Joint Bookrunners)
Timing:

  • Publication of Prospectus: 20 June 2018
  • Ex-rights Day / Start of Subscription Period and Rights Trading: 21 June 2018
  • End of Rights Trading: 27 June 2018
  • End of Subscription Period: 27 June 2018
  • Results announcement: 28 June 2018
  • First Day of Trading of New Shares: 2 July 2018
Capital Increase
Eddie Stobart Logistics plc
GBP 30m
Joint Global Coordinator /
Joint Bookrunner
JUN 2018

Eddie Stobart Logistics plc

Eddie Stobart is a logistics and supply chain services business specialising in end to end road haulage and contract logistics

Issuer: Eddie Stobart Logistics plc
Ticker: ESL LN
Country: United Kingdom
Sector: Logistics
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 505m
Offer Structure: 21,428,572 primary shares (c. GBP 30m)
Issue Price: GBp 140.00 per share
Use of Proceeds: For the acquisition of the Pallet Network Group Limited (“TPN”), a leading provider of pallet distribution services across UK and Ireland, for a total consideration of £52.8 million


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Cenkos (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 28 June 2018
  • First Day of Trading: 29 June 2018
IPO
USD 202m
Joint Global Coordinator /
Joint Bookrunner
JUN 2018

Yellow Cake plc

Yellow Cake plc is a specialist company operating in the Uranium sector, created to purchase and store Uranium Oxide, with the objective of offering exposure to Uranium prices

Issuer: Yellow Cake plc
Ticker: YCA LN
Country: United Kingdom
Sector: Metals & Mining
Listing: London Stock Exchange (AIM Market)


Final Offer Structure:

  • Total: 76,101,290 shares (c. USD 202m)
  • Primary: 76,101,290 shares (c. USD 202m)

Fixed IPO Price: GBp 200.00 per share
Market Cap at IPO: c. USD 202m
Use of Proceeds: 90-95% of the proceeds will be used to purchase Uranium Oxide with the remainder for commercial purposes.


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Numis (Joint Global Coordinator & Joint Bookrunner)
Timing:

  • ITF: 1 June 2018
  • Investor Education: 1 June – 8 June 2018
  • Bookbuilding: 18 June – 25 June 2018
  • First Day of Trading: 5 July 2018
IPO
CHF 241m
Joint Global Coordinator /
Joint Bookrunner
JUN 2018

Klingelnberg AG

Klingelnberg AG is one of the world’s leading manufacturers of technically state of the art machine tools and equipment for gear machining.

Issuer: Klingelnberg AG
Ticker: KLIN SW
Country: Switzerland
Sector: Capital Goods
Listing: SIX Swiss Exchange (Swiss Reporting Standard)


Final Offer Structure:

  • Total: 4,545,651 shares (c. CHF 241m)
  • Primary: 440,000 shares (c. CHF 23m)
  • Secondary: 4,105,651 shares (c. CHF 218m)

Initial Price Range: CHF 45.00 – CHF 54.00 per share
Final IPO Price: CHF 53.00 per share
Market Cap at IPO: c. CHF 469m
Use of Proceeds: Increasing the Company’s financial flexibility, financing strategic bolt-on acquisitions of small to medium-sized companies and for general corporate purposes.


Berenberg Role: Joint Global Coordinator and Joint Bookrunner
Syndicate: Berenberg and Credit Suisse (Joint Global Coordinators & Joint Bookrunners), Vontobel (Joint Bookrunner)
Timing:

  • ITF: 30 May 2018
  • Investor Education: 30 May – 8 June 2018
  • Bookbuilding: 11 June – 19 June 2018
  • First Day of Trading: 20 June 2018
IPO
Tekmar Group
GBP 62m
Sole Global Coordinator /
Sole Bookrunner
JUN 2018

Tekmar Group plc

Tekmar Group plc is a designer and manufacturer of subsea cable protection technology

Issuer: Tekmar Group plc
Ticker: TGP LN
Country: United Kingdom
Sector: Capital Goods and Industrial Engineering
Listing: London Stock Exchange (AIM Market)


Final Offer Structure:
• Total: 47,536,789 shares (c. GBP 62m)
• Primary: 38,923,077 shares (c. GBP 51m)
• Secondary: 8,613,712 shares (c. GBP 11m)

Selling Shareholder: Elysian Capital (c. 60%), Opera Finance (c. 20%) and existing management (c. 20%)
Initial Price Range: GBp 130.00 – GBp 150.00 per share
Final IPO Price: GBp 130.00 per share
Market Cap at IPO: c. GBP 65m
Use of Proceeds: Funding the cash consideration payable under the Acquisition Agreement to acquire Tekmar Limited, repaying debt within the Group and providing approximately £10 million (before expenses) to fund future expansion and acquisitions


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:
• ITF: 21 May 2018
• Investor Education: 21 May – 1 June 2018
• Bookbuilding: 4 June – 14 June 2018
• First Day of Trading: 20 June 2018

IPO
home24 SE
EUR 173m
Joint Global Coordinator /
Joint Bookrunner
JUN 2018

home24 SE

home24 SE is the leading pure-play online destination brand for Home & Living in continental Europe and Brazil.

Issuer: home24 SE
Ticker: H24 GY
Country: Germany
Sector: E-Commerce
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:
Total: 7,500,001 shares (c. EUR 173m)
Primary: 6,521,740 shares (c. EUR 150m)
Greenshoe (primary): 978,261 shares (c. EUR 23m)
Initial Price Range: EUR 19.50 – EUR 24.50 per share
Final IPO Price: EUR 23.00 per share
Market Cap at IPO: c. EUR 600m
Use of Proceeds: Funding the roll-out of its go-to-market approach to all its current geographies, the continued forward integration of its delivery chain, investments into profitable growth, property, equipment and technology, as well as the repayment of outstanding liabilities.


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Citi, Goldman Sachs (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • ITF: 18 May 2018
  • Investor Education: 18 May – 1 June 2018
  • Bookbuilding: 4 June – 13 June 2018
  • First Day of Trading: 15 June 2018
Capital Increase & Secondary Placing
Altair Engineering Inc.
USD 196m
Co-Lead Manager
JUN 2018

Altair Engineering Inc.

Altair is a leading provider of enterprise-class engineering software used in simulation technology

Issuer: Altair Engineering Inc.
Ticker: ALTR US
Country: US
Sector: Technology-Design and Engineering Software
Listing: NASDAQ


Offer Structure: Placement of in total 6,363,424 shares (c. USD 223m), thereof 4,056,004 primary shares (c. USD 142m) and 2,307,420 existing shares (c. USD 81m)
Offer Price: USD 35.00 per share
Use of Proceeds: General corporate purposes, including the acquisition of, or investment in technologies solutions or businesses that are complementary


Berenberg Role: Berenberg Capital Markets, LLC Role: Co-Lead Manager
Syndicate: J.P. Morgan, RBC Capital Markets and Deutsche Bank (Book-Running Managers), Berenberg, William Blair, Canaccord Genuity and Needham & Company (Co-Lead Managers)
Timing:
*Launch: 4 June 2018
*Pricing: 6 June 2018
*First Day of Trading: 7 June 2018

Secondary Placing
EUR 103m
Sole Global Coordinator /
Sole Bookrunner
JUN 2018

Sixt SE

Sixt is a leading international provider of mobility services. The company offers car rental and leasing solutions tailored to corporate and retail customers.

Ticker: SIX2 GY
Country: Germany
Sector: Business Services / Car Rental
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 4.6bn
Selling Shareholder: Erich Sixt Vermögensverwaltung GmbH (holding vehicle of the Sixt family), holding pre-transaction c. 61.6% of the pre-transaction share capital in the Company
Offer Structure: Sell-down of 1,010,000 secondary shares (c. 3.3% of pre-transaction share capital, c. EUR 103m)

Offer Price: EUR 102.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 05 May 2018
  • Pricing: 06 May 2018
Spin Off
PUMA SE
for
Kering SA
EUR 2.5bn
Flowback Manager
MAY 2018

PUMA SE

PUMA SE is a sports lifestyle brand

Company: PUMA SE
Ticker: PUM GY
Country: Germany
Sector: Sporting Goods
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 6.0bn
Distributing company: Kering SA (KER FP), holding c. 85.5% of pre-transaction share capital in the Company
Offer Structure: Distribution of 10,523,276 existing PUMA shares (i.e. c. 70% of pre-transaction share capital) to existing Kering shareholders, resulting in a holding post transaction of c. 15.7% by Kering

Distribution ratio: 1:12 (i.e. distribution of 1 PUMA share per 12 Kering shares)

Total size distributed: c. EUR 4.4bn (based on XETRA closing price, 11/05)


Berenberg Role: Flowback Manager
Syndicate: Berenberg, BNP Paribas, Goldman Sachs, JP Morgan (Flowback Managers)
Timing:

  • Ex-date for the distribution in kind and ordinary cash dividend: 14 May 2018
  • Distribution of PUMA shares and payment of cash dividend: 16 May 2018
IPO
GBP 108m
Sole Global Coordinator /
Sole Bookrunner
MAY 2018

Team17 Group plc

Team17 Group plc is a UK-based games label, creative partner and developer of independent, premium video games

Issuer: Team17 Group plc
Ticker: TM17 LN
Country: United Kingdom
Sector: Media (Gaming)
Listing: London Stock Exchange (AIM Market)


Final Offer Structure:

  • Total: 65,174,682 shares (c. GBP 107.5m)
  • Primary: 27,325,482 shares (c. GBP 45.0m)
  • Secondary: 37,849,200 shares (c. GBP 62.5m)

Selling Shareholder: Debbie Bestwick (CEO), Lloyds Development Capital, Paul Bray (CFO & COO)
Initial Price Range: GBp 150.00 – GBp 180.00 per share
Final IPO Price: GBp 165.00 per share
Market Cap at IPO: c. GBP 217m
Use of Proceeds: Primarily repaying existing shareholder loans


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • ITF: 26 April 2018
  • Investor Education: 26 April – 7 May 2018
  • Bookbuilding: 8 May – 17 May 2018
  • First Day of Trading: 23 May 2018
Secondary Placing
EUR 24m
Sole Global Coordinator /
Sole Bookrunner
MAY 2018

Biocartis Group NV

Biocartis is a Belgian clinical diagnostics company specialising in sample-to-answer molecular diagnostics, with the main application in oncology

Ticker: BCART BB
Country: Belgium
Sector: Diagnostics


Listing: Regulated Market of Euronext Brussels
Market Cap pre Transaction: c. EUR 665m
Selling Shareholder: RMM S.A., the investment vehicle of the Company’s former chairman of the supervisory board, holding pre-transaction c. 7.8% of current share capital in the Company
Offer Structure: Sell-down of 2,000,000 secondary shares (c. 3.9% of pre-transaction share capital, c. EUR 24m)

Offer Price: EUR 12.10 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 17 May 2018
  • Pricing: 18 May 2018
Secondary Placing
EUR 130m
Sole Global Coordinator /
Sole Bookrunner
MAY 2018

HelloFresh SE

HelloFresh is the world’s leading meal kit brand, operating in the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada

Ticker: HFG GY
Country: Germany
Sector: Online Food


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 2.0bn
Selling Shareholder: Phenomen Ventures LP, holding pre-transaction c. 7.31% of the pre-transaction share capital in the Company
Offer Structure: Clean-up trade of 11,773,632 secondary shares (c. 7.31% of pre-transaction share capital, c. EUR 130m)

Offer Price: EUR 11.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 16 May 2018
  • Pricing: 17 May 2018
IPO
EUR 73m
Sole Global Coordinator /
Joint Bookrunner
MAY 2018

NFON AG

NFON AG is the only true pan-European service provider of cloud telephone systems

Issuer: NFON AG
Ticker: NFN GY
Country: Germany
Sector: Cloud Telephony
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 6,100,731 shares (c. EUR 73.2m)
  • Primary: 4,166,666 shares (c. EUR 50.0m)
  • Secondary: 1,666,666 shares (c. EUR 20.0m)
  • Greenshoe (secondary): 267,399 shares (c. EUR 3.2m)

Selling Shareholder: Earlybird Verwaltungs GmbH (c. 34.48% pre-IPO), MIG GmbH & Co. Fonds 9 KG (c. 12.00% pre-IPO), BayernLB Private Equity GmbH (c. 6.40% pre-IPO), BayBG Bayerische Beteiligungsgesellschaft mbH (c. 4.84% pre-IPO), MIG GmbH & Co. Fonds 11 KG (c. 1.29% pre-IPO)
Initial Price Range: EUR 11.93 – EUR 14.00 per share
Final IPO Price: EUR 12.00 per share
Market Cap at IPO: c. EUR 166m
Use of Proceeds: Funding of the Company’s growth strategy, i.e. investments in the continued expansion in Europe with a particular focus on France and Italy and expansion of the business in the Netherlands, as well as investments in R&D and in intensified marketing activities


Berenberg Role: Sole Global Coordinator &  Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Baader Bank & Oddo BHF (Joint Bookrunners)
Timing:

  • ITF: 12 April 2018
  • Investor Education: 12 April – 24 April 2018
  • Bookbuilding: 25 April – 9 May 2018
  • First Day of Trading: 11 May 2018
IPO
CEVA Logistics AG
CHF 1.2bn
Joint Bookrunner
MAY 2018

CEVA Logistics AG

CEVA Logistics AG is one of the world’s leading third party logistics companies with a comprehensive service portfolio in freight management and contract logistics

Issuer: CEVA Logistics AG
Ticker: CEVA SW
Country: Switzerland
Sector: Logistics
Listing: SIX Swiss Exchange (International Reporting Standard)


Final Offer Structure:

  • Total: 43,636,364 shares (c. CHF 1.2bn)
  • Primary (market offering): 29,856,537 shares (c. CHF 821m)
  • Primary (cornerstone offering): 13,779,827 shares (c. CHF 379m)

Initial Price Range: CHF 27.50 – CHF 52.50 per share
Final IPO Price: CHF 27.50 per share
Market Cap at IPO: c. CHF 1.5bn
Use of Proceeds: Providing the company with increased financial flexibility to accelerate growth in order to repay debt and deleverage the balance sheet to 2.5x-3.0x Net Debt / Adjusted EBITDA


Berenberg Role: Joint Bookrunner
Syndicate: Credit Suisse, Morgan Stanley (Joint Global Coordinators & Joint Bookrunners), Berenberg, Deutsche Bank and UBS (Joint Bookrunners), HSBC and Vontobel (Co-Lead Managers)
Timing:

  • ITF: 9 April 2018
  • Investor Education: 9 April – 19 April 2018
  • Bookbuilding: 20 April – 2 May 2018
  • First Day of Trading: 4 May 2018
Secondary Placing
EUR 65m
Sole Global Coordinator /
Sole Bookrunner
MAY 2018

HelloFresh SE

HelloFresh is the world’s leading meal kit brand, operating in the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada

Ticker: HFG GY
Country: Germany
Sector: Online Food


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 2.0bn
Selling Shareholder: Vorwerk Direct Selling Ventures GmbH, holding pre-transaction c. 3.66% of current share capital in the Company
Offer Structure: Clean-up trade of 5,898,672 secondary shares (c. 3.66% of pre-transaction share capital, c. EUR 65m)


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 3 May 2018
  • Pricing: 3 May 2018
IPO
USD 239m
Co-Lead Manager
APR 2018

MorphoSys AG

MorphoSys AG is a German biotechnology company and involved in the development and research of antibodies

Issuer: MorphoSys AG
Ticker: MOR
Country: Germany / USA
Sector: Biotechnology
Listing: ADSs on the Nasdaq Global Market


Final Offer Structure:

  • Total: 9,545,000 ADS (c. USD 239m)
  • Primary: 8,300,000 ADS (c. USD 208m)
  • Greenshoe (primary): 1,245,000 ADS (c. USD 31m)

Final IPO Price: USD 25.04 per ADS
Market Cap at IPO: c. EUR 2.7bn
Use of Proceeds: Along with a portion of the Company’s cash and cash equivalents, available for sale financial assets, and current financial assets classified as loans and receivables, to continue the development of their proprietary clinical pipeline, initiate pre-commercial and commercial activities and to advance earlier stage products as well as for general corporate purposes


Berenberg Role: Co-Lead Manager
Syndicate: Goldman Sachs, J.P. Morgan and Leerink Partners (Joint Global Coordinators & Joint Bookrunners), Berenberg and JMP Securities (Co-Lead Managers)
Timing:

  • Bookbuilding: 9 April – 17 April 2018
  • Pricing: 18 April 2018
  • Greenshoe exercise: 23 April 2018
Secondary Placing
EUR 150m
Joint Global Coordinator /
Joint Bookrunner
APR 2018

HelloFresh SE

HelloFresh is the world’s leading meal kit brand, operating in the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada

Ticker: HFG GY
Country: Germany
Sector: Online Food


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 2.2bn
Selling Shareholder: Rocket Internet SE, holding pre-transaction c. 43.81% of current share capital in the Company
Offer Structure: Sell-down of 12,200,000 secondary shares (c. 7.6% of pre-transaction share capital, c. EUR 150m)
Offer Price: EUR 12.30 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, BNP Paribas, Deutsche Bank, J.P.Morgan, Morgan Stanley (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 18 April 2018
  • Pricing: 19 April 2018
IPO
EUR 375m
Joint Bookrunner
MAR 2018

Godewind Immobilien AG

Godewind Immobilien AG is a real estate business venture targeting to acquire commercial real estate properties in Germany

Issuer: Godewind Immobilien AG
Ticker: GWD GY
Country: Germany
Sector: Real Estate (Commercial)
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 93,750,000 shares (c. EUR 375m)
  • Primary: 93,750,000 shares (c. EUR 375m)

Fixed IPO Price: EUR 4.00 per share
Market Cap at IPO: c. EUR 435m
Use of Proceeds: Acquisition of commercial real estate properties in Germany


Berenberg Role: Joint Bookrunner
Syndicate: Citi and J.P. Morgan (Joint Global Coordinators & Joint Bookrunners), Berenberg and Société Générale (Joint Bookrunners)
Timing:

  • Bookbuilding: 12 March – 27 March 2018
  • First Day of Trading: 5 April 2018
IPO
Bygghemma Group
SEK 1.4bn
Joint Bookrunner
MAR 2018

bygghemma Group First AB

bygghemma Group First AB is the leading online provider of home improvement products to consumers in the Nordic region

Issuer: bygghemma Group First AB
Ticker: BHG SS
Country: Sweden
Sector: E-Commerce
Listing: Nasdaq Stockholm


Final Offer Structure:

  • Total: 29,647,660 shares (c. SEK 1.4bn)
  • Primary: 7,368,421 shares (c. SEK 350m)
  • Secondary: 22,279,239 shares (c. SEK 1.1bn)

Selling Shareholder: Funds managed and advised by FSN Capital; Some existing shareholders (incl. Executive Management, Members of the Board of Directors, Employees and other minority shareholders)
Initial Price Range: SEK 45.00 – SEK 50.00 per share
Final IPO Price: SEK 47.50 per share
Market Cap at IPO: c. SEK 5.1bn
Use of Proceeds: Repayment of current outstanding debt


Berenberg Role: Joint Bookrunner
Syndicate: Carnegie (Sole Global Coordinator & Joint Bookrunner), Berenberg and SEB (Joint Bookrunners)
Timing:

  • ITF: 27 February 2018
  • Investor Education: 27 February – 14 March 2018
  • Bookbuilding: 15 March – 26 March 2018
  • First Day of Trading: 27 March 2018
Capital Increase
EUR 131m
Sole Global Coordinator /
Sole Bookrunner
MAR 2018

RIB Software SE

MDxHealth develops and commercialises molecular diagnostic tests that assist physicians with the diagnosis of cancers, prognosis of recurrence risk, and prediction of response to a specific therapy

Issuer: RIB Software SE
Ticker: RIB GY
Country: Germany
Sector: Software
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.5bn
Offer Structure: 4,684,565 primary shares (c. EUR 131m)
Issue Price: EUR 28.00 per share
Use of Proceeds: Further acceleration of the Company’s growth through significant investments in a number of Managed Services Providers (MSPs)


Berenberg Role: Sole Global Coordinator / Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 22 March 2018
  • Pricing: 23 March 2018
  • First Day of Trading: 28 March 2018
Capital Increase
EUR 36m
Joint Global Coordinator /
Joint Bookrunner
MAR 2018

MDxHealth SA

MDxHealth develops and commercialises molecular diagnostic tests that assist physicians with the diagnosis of cancers, prognosis of recurrence risk, and prediction of response to a specific therapy

Issuer: MDxHealth SA
Ticker: MDXH BB
Country: Belgium
Sector: Diagnostics
Listing: Regulated Market of Euronext Brussels


Market Cap pre Transaction: c. EUR 200m
Offer Structure: 9,989,881 primary shares (c. EUR 36m)
Issue Price: EUR 3.60 per share
Use of Proceeds: Supporting the Company’s stated strategy to grow the business


Berenberg Role: Joint Global Coordinator / Joint Bookrunner
Syndicate: Berenberg, Kempen (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 21 March 2018
  • Pricing: 22 March 2018
  • First Day of Trading: 26 March 2018
Secondary Placing
GBP 12m
Sole Global Coordinator /
Sole Bookrunner
MAR 2018

The Gym Group plc

The Gym Group is the UK’s second-largest operator of low-cost gyms

Ticker: GYM LN
Country: United Kingdom
Sector: Leisure


Listing: London Stock Exchange (Main Market)
Market Cap pre Transaction: c. GBP 325m
Selling Shareholder: Barralina Asset Management, holding pre-transaction c. 3.9% of the pre-transaction share capital
Offer Structure: Clean-up trade for 5,000,000 secondary shares (c. 3.9% of pre-transaction share capital, c. GBP 12m)
Offer Price: GBP 2.37 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 21 March 2018
  • Pricing: 22 March 2018
Secondary Placing
Burford Capital Limited
GBP 117m
Joint Global Coordinator /
Joint Bookrunner
MAR 2018

Burford Capital Limited

Burford is the leading litigation finance provider globally. It invests in litigation assets via both its own balance sheet and third-party capital and also has insurance, and asset recovery/new initiatives operations

Ticker: BUR LN
Country: United Kingdom
Sector: Diversified Financials
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 3.1bn
Selling Shareholder: Mr. Christopher Bogart, holding pre-transaction c. 6.3% of current share capital in the Company, and Mr. Jonathan Molot, holding pre-transaction c. 6.2% of current share capital in the Company
Offer Structure: Placement of 8,680,000 secondary shares (c. 4.2% of pre-transaction share capital, c. GBP 117m)
Offer Price: GBP 13.50 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Numis (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 20 March 2018
  • Pricing: 21 March 2018
Capital Increase
GBP 35m
Joint Bookrunner
MAR 2018

Sirius Real Estate Ltd

Sirius owns a mixed-use commercial property portfolio including business parks in Germany

Issuer: Sirius Real Estate Ltd
Ticker: SRE LN
Country: Germany
Sector: Real Estate
Listing: London Stock Exchange (Main Market)


Market Cap pre Transaction: c. GBP 640m
Offer Structure: 58,333,333 primary shares (c. GBP 35m)
Issue Price: GBP 0.60 per share
Use of Proceeds: Acquiring pipeline assets and support the Company’s growth strategy


Berenberg Role: Joint Bookrunner
Syndicate: Berenberg, Peel Hunt (Joint Bookrunners), PSG Capital ((Joint Bookrunner (South Africa only))
Timing:

  • Launch: 20 March 2018
  • Pricing: 20 March 2018
  • First Day of Trading: 28 March 2018
IPO
EUR 4.2bn
Co-Lead Manager
MAR 2018

Siemens Healthineers AG

Siemens Healthineers AG is a leading global medical equipment and services provider focused on Imaging and Diagnostics. The Company holds #1 positions in the majority of its active markets and has a direct presence in 75 countries, selling its products in 180 countries.

Issuer: Siemens Healthineers AG
Ticker: SHL GY
Country: Germany
Sector: Med. Tech / Healthcare Services
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 150,000,000 shares (c. EUR 4.2bn)
  • Secondary: 130,434,783 shares (c. EUR 3.7bn)
  • Greenshoe (secondary): 19,565,217 shares (c. EUR 548m)

Selling Shareholder: Siemens AG
Initial Price Range: EUR 26.00 – EUR 31.00 per share
Final IPO Price: EUR 28.00 per share
Market Cap at IPO: c. EUR 28bn


Berenberg Role: Co-Lead Manager
Syndicate: Deutsche Bank, Goldman Sachs, J.P. Morgan (Joint Global Coordinators & Joint Bookrunners), Bank of America Merrill Lynch, BNP, Citi, UBS (Joint Bookrunners), Berenberg, Commerzbank, HSBC, Jefferies, Nordea, Royal Bank of Canada, UniCredit (Co-Lead Managers)
Timing:

  • ITF: 19 February 2018
  • Investor Education: 19 February – 2 March 2018
  • Bookbuilding: 5 March – 15 March 2018
  • First Day of Trading: 16 March 2018
Capital Increase
EUR 606m
Joint Bookrunner
MAR 2018

Aroundtown SA

Aroundtown focuses on German real estate, with a commercial portfolio worth about €8.0bn and stakes in listed companies Prime City (hotels) and Grand City (residential)

Issuer: Aroundtown SA
Ticker: AT1 GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 6.2bn
Offer Structure: 95,000,000 primary shares (c. EUR 606m)
Issue Price: EUR 6.38 per share
Use of Proceeds: Funding of the Company’s growth strategy


Berenberg Role: Joint Bookrunner
Syndicate: Berenberg, Citi, Deutsche Bank and Goldman Sachs (Joint Bookrunners)
Timing:

  • Launch: 8 March 2018
  • Pricing: 9 March 2018
  • First Day of Trading: 13 March 2018
Sub 10% Capital Increase
EUR 17m
Sole Global Coordinator /
Sole Bookrunner
MAR 2018

MPC Muenchmeyer Petersen Capital AG

MPC is an independent asset and investment manager focusing on alternative investment opportunities for institutional investors

Issuer: MPC Muenchmeyer Petersen Capital AG
Ticker: MPCK GY
Country: Germany
Sector: Diversified Financials
Listing: Open Market of Frankfurt Stock Exchange (Scale segment)


Market Cap pre Transaction: c. EUR 180m
Offer Structure: 3,042,790 primary shares (c. EUR 17m)
Issue Price: EUR 5.70 per share
Use of Proceeds: Financing the further growth of the Company, primarily through new co-investments in the Real Estate, Shipping and Infrastructure areas


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 1 March 2018
  • Pricing: 2 March 2018
  • First Day of Trading: 6 March 2018
Secondary Placing
Corestate Capital
EUR 210m
Sole Global Coordinator /
Sole Bookrunner
FEB 2018

Corestate Capital
As a real estate investment manager, Corestate Capital Holdings runs a fully integrated business model, offering all relevant services for indirect investments in real estate

Ticker: CCAP GY
Country: Germany
Sector: Diversified Financials / Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.1bn
Selling Shareholders: Mr. Ralph Winter, holding pre-transaction c. 28.03% of current share capital in the Company, and Mr. Marcellino Graf zu Hoensbroech, holding pre-transaction c. 9.75% of current share capital in the Company
Offer Structure: Placement of 4,152,186 secondary shares (c. 19.50% of pre-transaction share capital, c. EUR 210m)
Offer Price: EUR 50.50 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 26 February 2018
  • Pricing: 27 February 2018
Secondary Placing
Aumann AG
EUR 104m
Joint Global Coordinator /
Joint Bookrunner
FEB 2018

Aumann AG
Aumann is a globally leading supplier of innovative specialised machinery and automated production lines with focus on e-mobility

Ticker: AAG GY
Country: Germany
Sector: E-Mobility
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.0bn
Selling Shareholder: MBB SE, holding pre-transaction c. 49.17% of current share capital in the Company
Offer Structure: Placement of 1,703,700 secondary shares (c. 11.17% of pre-transaction share capital, c. EUR 104m)
Offer Price: EUR 61.00 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Citi (Joint Global Coordinators & Joint Bookrunners), Hauck & Aufhäuser (Joint Bookrunner)
Timing:

  • Launch: 26 February 2018
  • Pricing: 27 February 2018
IPO
Dermapharm Holding SE
EUR 360m
Sole Global Coordinator /
Sole Bookrunner
FEB 2018

Dermapharm Holding SE

Dermapharm is a leading manufacturer of patent-free branded pharmaceuticals for selected therapeutic areas

Issuer: Dermapharm Holding SE
Ticker: DMP
Country: Germany
Sector: Pharmaceuticals
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 12,855,000 shares (c. EUR 360m)
  • Primary: 3,840,000 shares (c. EUR 107.5m)
  • Secondary: 7,860,000 shares (c. EUR 220.1m)
  • Greenshoe (secondary): 1,155,000 shares (c. EUR 32.3m)

Selling Shareholder: Founder Wilhelm Beier and his family via Themis Beteiligungs-Aktiengesellschaft
Initial Price Range: EUR 26.00 – EUR 30.00 per share
Final IPO Price: EUR 28.00 per share
Market Cap at IPO: c. EUR 1.5bn
Use of Proceeds: In-house developments and an expansion of manufacturing facilities in Brehna, Germany and a new manufacturing facility in Neumarkt am Wallersee, Austria, increasing its international footprint as well as a partial refinancing of a bridge loan provided to partially finance the acquisition of Trommsdorff


Berenberg Role: Sole Global Coordinator &  Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner), Oddo BHF (Co-Lead Manager)
Timing:

  • ITF: 15 January 2018
  • Investor Education: 15 January – 26 January 2018
  • Bookbuilding: 29 January – 8 February 2018
  • First Day of Trading: 9 February 2018
Sub 10% Capital Increase
ProCredit Holding AG & Co. KGaA
EUR 61m
Sole Global Coordinator /
Joint Bookrunner
FEB 2018

ProCredit Holding AG & Co. KGaA

ProCredit Holding is an internationally established and Frankfurt-based group of development-oriented banks for SMEs in South/Eastern Europe

Issuer: ProCredit Holding AG & Co. KGaA
Ticker: PCZ GY
Country: Germany
Sector: Bank
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 637m
Offer Structure: 5,354,408 primary shares (c. EUR 61m)
Issue Price: EUR 11.40 per share
Use of Proceeds: Financing the continuation of its growth strategy, as it continues to see attractive opportunities to expand its business with small and medium-sized enterprises, especially in Eastern and South Eastern Europe


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Equinet (Joint Bookrunner)
Timing:

  • Launch: 1 February 2018
  • Pricing: 2 February 2018
  • First Day of Trading: 7 February 2018
Capital Increase & Secondary Placing
Taptica International Ltd
GBP 38m
Joint Global Coordinator /
Joint Bookrunner
JAN 2018

Taptica International Ltd
Taptica is a mobile user acquisition platform that uses dynamic user targeting technology to optimise advertising campaigns

Company: Taptica International Ltd
Ticker: TAP LN
Country: United Kingdom
Sector: Media / Online Advertising
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 305m
Selling Shareholder: MTD PTE Ltd and Smart and Simple Ltd, holding pre-transaction c. 16.9% and 10.1%, respectively, of pre-transaction share capital
Offer Structure: Placement of in total 8,500,000 shares (c. 13.6% of pre-transaction share capital, c. GBP 38m), thereof 4,850,000 primary shares (c. USD 30m) through a capital increase, 2,000,000 existing shares by Smart and Simple Ltd. and 1,650,000 existing shares by MTD PTE Ltd.
Offer Price: GBP 4.50 per share
Use of Proceeds: Reducing the level of debt under the Company’s existing debt facility, which the Board of Directors believes will better position Taptica to capitalise on near-term M&A opportunities


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Finncap (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 15 January 2018
  • Pricing: 16 January 2018
  • First Day of Trading: 22 January 2018
Capital Increase
XLMedia PLC
GBP 32m
Sole Global Coordinator /
Sole Bookrunner
JAN 2018

XLMedia PLC
XLMedia is a performance marketing company, specialising in directing high-value users to real-money and social gaming platforms

Company: XLMedia PLC
Ticker: XLM LN
Country: United Kingdom
Sector: Internet / Digital Marketing
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 420m
Offer Structure: 16,000,000 primary shares (c. GBP 32m)
Issue Price: GBP 1.98 per share
Use of Proceeds: Positioning itself better to take advantage of and fund acquisition opportunities, several of which have already been identified by the board


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 16 January 2018
  • Pricing: 17 January 2018
  • First Day of Trading: 22 January 2018

2017

Capital Increase
SigmaRoc plc
GBP 14m
Sole Global Coordinator /
Sole Bookrunner
DEC 2017

SigmaRoc plc

SigmaRoc is a purchaser and operator of UK, European and global building materials assets. It looks to create value through efficient purchasing, investment and synergy extraction from its assets

Issuer: SigmaRoc plc
Ticker: SRC LN
Country: United Kingdom
Sector: Construction
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 43.6m
Offer Structure: 34,000,000 primary shares (c. GBP 14m)
Issue Price: GBP 0.41 per share
Use of Proceeds: Funding the acquisition of Poundfield Products Group Limited, related land holdings, for fees and expenses in relation to the transaction and for general corporate purposes 2018


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Pricing: 13 December 2017
  • First Day of Trading: 18 December 2017
Capital Increase
GBP 25m
Joint Global Coordinator /
Joint Bookrunner
DEC 2017

Xeros Technology Group plc

Xeros Technology Group plc is a developer of polymer-based technologies that improve the sustainability, performance and economics of water-intensive processes

Issuer: Xeros Technology Group plc
Ticker: XSG LN
Country: United Kingdom
Sector: Capital Goods
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 220m
Offer Structure: 11,111,112 primary shares (c. GBP 25m)
Issue Price: GBP 2.25 per share
Use of Proceeds: Delivering a number of identified commercial milestones during 2018


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Jefferies (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 12 December 2017
  • First Day of Trading: 29 December 2017
Capital Increase
Deutsche Konsum REIT-AG
EUR 25m
Sole Global Coordinator /
Joint Bookrunner
DEC 2017

Deutsche Konsum REIT-AG

Deutsche Konsum REIT-AG owns a convenience-led retail property portfolio with a high exposure to food stores/supermarkets

Issuer: Deutsche Konsum REIT-AG
Ticker: DKG GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 250m
Offer Structure: 2,476,028 primary shares (c. EUR 25m)
Issue Price: EUR 10.00 per share
Use of Proceeds: Financing identified acquisition opportunities in order to continue the successful growth in the future


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Oddo BHF (Joint Bookrunner)
Timing:

  • Launch: 7 December 2017
  • Pricing: 8 December 2017
  • First Day of Trading: 12 December 2017
IPO
Sabre Insurance Group plc
GBP 316m
Co-Lead Manager
DEC 2017

Sabre Insurance Group plc

Sabre Insurance Group plc is Sabre is a motor insurance underwriter that distributes policies through a broad network of over 1,000 brokers and direct to customers via three direct brands: Go Girl, Insure2Drive and Drive Smart

Issuer: Sabre Insurance Group plc
Ticker: SBRE LN
Country: United Kingdom
Sector: Insurance
Listing: London Stock Exchange (Main Market, Premium Segment)


Final Offer Structure:

  • Total: 137,500,000 shares (c. GBP 316.3m)
  • Primary: 92,482,829 shares (c. GBP 35.0m)
  • Secondary: 32,517,171 shares (c. GBP 74.8m)
  • Greenshoe (secondary): 12,500,000 shares (c. GBP 28.8m)

Selling Shareholder: Funds advised by BC Partners, Angus Ball, certain members of the Company’s management and certain other existing shareholders
Initial Price Range: GBp 220.00 – GBp 240.00 per share
Final IPO Price: GBp 230.00 per share
Market Cap at IPO: c. GBP 575m
Use of Proceeds: Acquiring the Topco Preference Shares which are 99.9% owned by funds advised by its major shareholder BC Partners


Berenberg Role: Co-Lead Manager
Syndicate: Barclays and Numis (Joint Global Coordinators & Joint Bookrunners), Berenberg and Peel Hunt (Co-Lead Managers)
Timing:

  • ITF: 13 November 2017
  • Investor Education: 13 November – 22 November 2017
  • Bookbuilding: 23 November – 5 December 2017
  • First Day of Trading: 6 December 2017
Capital Increase
Aumann AG
EUR 80m
Joint Global Coordinator /
Joint Bookrunner
DEC 2017

Aumann AG

Aumann is a globally leading supplier of innovative specialised machinery and automated production lines with focus on e-mobility

Issuer: Aumann AG
Ticker: AAG GY
Country: Germany
Sector: E-Mobility
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 960m
Offer Structure: 1,250,000 primary shares (c. EUR 80m)
Issue Price: EUR 64.00 per share
Use of Proceeds: Financing further growth of the Company, especially through acquisitions


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Citi (Joint Global Coordinators & Joint Bookrunners), Hauck & Aufhäuser (Joint Bookrunner)
Timing:

  • Launch: 4 December 2017
  • Pricing: 5 December 2017
  • First Day of Trading: 7 December 2017
IPO
The City Pub Group plc
GBP 47m
Joint Global Coordinator /
Joint Bookrunner
NOV 2017

The City Pub Group plc

The City Pub Group plc is the owner and operator of an estate of 34 premium pubs across southern England

Issuer: The City Pub Group plc
Ticker: CPC LN
Country: United Kingdom
Sector: Leisure
Listing: London Stock Exchange (AIM)


Final Offer Structure:

  • Total: 27,427,164 shares (c. GBP 46.6m)
  • Primary: 20,588,236 shares (c. GBP 35.0m)
  • Secondary: 6,838,787 shares (c. GBP 11.6m)

Selling Shareholder: EIS Shareholders and Management
Initial Price Range: GBp 160.00 – GBp 185.00 per share
Final IPO Price: GBp 170.00 per share
Market Cap at IPO: c. GBP 96m
Use of Proceeds: Accelerating its acquisition strategy and expanding its high quality estate of pubs


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Liberum (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • ITF: 26 October 2017
  • Investor Education: 26 October – 3 November 2017
  • Bookbuilding: 6 November – 16 November 2017
  • First Day of Trading: 23 November 2017
Capital Increase
Victoria plc
GBP 180m
Joint Global Coordinator /
Joint Bookrunner
NOV 2017

Victoria plc

Victoria is a manufacturer of wool and synthetic broadloom carpets, carpet tiles, underlay and flooring accessories in the UK and Australia

Issuer: Victoria plc
Ticker: VCP LN
Country: United Kingdom
Sector: Home Improvement
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 700m
Offer Structure: 22,988,506 primary shares (c. GBP 180m)
Issue Price: GBP 7.83 per share
Use of Proceeds: Primarily financing the publicly announced acquisition of Keraban Grupo SA


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Cantor Fitzgerald (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 16 November 2017
  • First Day of Trading: 16 November 2017
IPO
Befesa S.A.
EUR 452m
Joint Bookrunner
NOV 2017

Befesa S.A.

Befesa is a market leader in providing mission critical environmental services to the steel and aluminium industries in Europe and Asia

Issuer: Befesa S.A.
Ticker: BFSA GY
Country: Germany
Sector: Business Services / Waste Management
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 16,134,579 shares (c. EUR 452m)
  • Secondary: 14,308,000 shares (c. EUR 401m)
  • Greenshoe (secondary): 1,826,579 shares (c. EUR 51m)

Selling Shareholder: Triton
Initial Price Range: EUR 28.00 – EUR 38.00 per share
Final IPO Price: EUR 28.00 per share
Market Cap at IPO: c. EUR 954m


Berenberg Role: Joint Bookrunner
Syndicate: Citi, Goldman Sachs, J.P. Morgan (Joint Global Coordinators & Joint Bookrunners), Berenberg, Commerzbank, Santander, Stifel (Joint Bookrunners)
Timing:

  • ITF: 6 October 2017
  • Investor Education: 6 October – 20 October 2017
  • Bookbuilding: 23 October – 2 November 2017
  • First Day of Trading: 3 November 2017
IPO
HelloFresh SE
EUR 286m
Joint Global Coordinator /
Joint Bookrunner
NOV 2017

HelloFresh SE

HelloFresh is the world’s leading meal kit brand, operating in the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada

Issuer: HelloFresh SE
Ticker: HFG GY
Country: Germany
Sector: Online Food
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 27,858,458 shares (c. EUR 318.3m)
  • Primary: 27,000,000 shares (c. EUR 276.8m)
  • Greenshoe (primary): 858,458 shares (c. EUR 41.5m)

Initial Price Range: EUR 9.00 – EUR 11.50 per share
Final IPO Price: EUR 10.25 per share
Market Cap at IPO: c. EUR 1.7bn
Use of Proceeds: Funding of the Company’s further growth and expanding its market leading positions across the globe


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, BNP Paribas, Deutsche Bank, J.P.Morgan, Morgan Stanley (Joint Global Coordinators & Joint Bookrunners), Rabobank (Co-Lead Manager)
Timing:

  • ITF: 10 October 2017
  • Investor Education: 10 October – 23 October 2017
  • Bookbuilding: 24 October – 1 November 2017
  • First Day of Trading: 2 November 2017
Capital Increase
Eurofins Scientific SE
EUR 299m
Joint Global Coordinator /
Joint Bookrunner
OCT 2017

Capital Increase via ABB

Eurofins is with more than 30,000 employees in 375 laboratories the world leader in food and pharmaceutical products testing and environmental laboratory services

Issuer: Eurofins Scientific SE
Ticker: ERF FP
Country: Luxembourg
Sector: Business Services / Testing, Inspection & Certification (TIC)
Listing: Regulated Market of Euronext Paris


Market Cap pre Transaction: c. EUR 9.5bn
Offer Structure: 550,000 primary shares (c. EUR 299m)
Issue Price: EUR 543.00 per share
Use of Proceeds: Financing of identified potential acquisition targets


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Jefferies (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 30 October 2017
  • Pricing: 31 October 2017
  • First Day of Trading: 2 November 2017
Capital Increase
Keywords Studios plc
GBP 75m
Joint Global Coordinator /
Joint Bookrunner
OCT 2017

Keywords Studios plc

Keywords Studios is the largest provider of outsourced technical services to the video game industry

Issuer: Keywords Studios plc
Ticker: KWS LN
Country: Ireland
Sector: Media / Gaming
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 770m
Offer Structure: 5,357,143 primary shares (c. GBP 75m)
Issue Price: GBp 1400.00 per share
Use of Proceeds: Funding of the proposed acquisition of VMC


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Numis (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 24 October 2017
  • Pricing: 24 October 2017
  • First Day of Trading: 27 October 2017
Capital Increase
Aroundtown SA
EUR 450m
Joint Bookrunner
OCT 2017

Aroundtown SA

Aroundtown focuses on German real estate, with a commercial portfolio worth about €8.0bn and stakes in listed companies Prime City (hotels) and Grand City (residential)

Issuer: Aroundtown SA
Ticker: AT1 GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 5.4bn
Offer Structure: 75,000,000 primary shares (c. EUR 450m)
Issue Price: EUR 6.00 per share
Use of Proceeds: Financing of the Company’s growth strategy


Berenberg Role: Joint Bookrunner
Syndicate: Goldman Sachs (Joint Global Coordinator & Joint Bookrunner), Berenberg and Deutsche Bank (Joint Bookrunners)
Timing:

  • Launch: 19 October 2017
  • Pricing: 20 October 2017
  • First Day of Trading: 25 October 2017
IPO
VARTA AG
EUR 233m
Sole Global Coordinator /
Joint Bookrunner
OCT 2017

Varta AG

Varta is a global expert for microbatteries with a dominant market position in hearing aid batteries, capitalizing on highly attractive growth opportunities in hearables and power pack solution markets

Issuer: Varta AG
Ticker: VAR1
Country: Germany
Sector: Batteries
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 13,340,000 shares (c. EUR 233.5m)
  • Primary: 8,600,000 shares (c. EUR 150.5m)
  • Secondary: 3,000,000 shares (c. EUR 52.5m)
  • Greenshoe (secondary): 1,740,000 shares (c. EUR 30.45m)

Selling Shareholder: Montana Tech Components AG
Initial Price Range: EUR 15.00 – EUR 17.50 per share
Final IPO Price: EUR 17.50 per share
Market Cap at IPO: c. EUR 669m
Use of Proceeds: Expansion of the Company’s production capacities


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), UniCredit (Joint Bookrunner)
Timing:

  • ITF: 27 September 2017
  • Investor Education: 27 September – 10 October 2017
  • Bookbuilding: 11 October – 18 October 2017
  • First Day of Trading: 19 October 2017
Rights Issue
Hapag-Lloyd AG
EUR 352m
Joint Global Coordinator /
Joint Bookrunner
OCT 2017

Hapag-Lloyd AG

Hapag-Lloyd is the number-four player in the global container shipping market, operating a fleet of 175 ships and over 1m containers

Issuer: Hapag-Lloyd AG
Ticker: HLAG GY
Country: Germany
Sector: Transportation
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 6.0bn
Offer Structure: 11,717,353 primary shares (c. EUR 352m)
Subscription Price: EUR 30.00 per share (c. 16.8% discount to TERP)
Subscription ratio: 14:1 (i.e. 1 new shares for 14 existing shares)
Take-up ratio: 96.5%
Use of Proceeds: Repayment of debt as well as general corporate purposes


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Goldman Sachs (Joint Global Coordinators & Joint Bookrunners), BNP Paribas, Deutsche Bank, UniCredit (Joint Bookrunners)
Timing:

  • Publication of Prospectus: 28 September 2017
  • Ex-rights day / Start of Subscription Period and Rights Trading: 2 October 2017
  • End of Rights Trading: 11 October 2017
  • End of Subscription Period: 16 October 2017
  • Results announcement: 17 October 2017
  • First Day of Trading of New Shares: 20 October 2017
Secondary Placing
Solutions 30 SE
EUR 122m
Sole Global Coordinator /
Sole Bookrunner
OCT 2017

Solutions 30 SE
Solutions 30 is the European leader in the fragmented digital outsourcing support services segment. It provides installation and assistance services to end-consumers on behalf of telecoms and digital OEM customers

Ticker: ALS30 FP
Country: France
Sector: Business Services
Listing: Growth Market of Euronext Paris


Market Cap pre Transaction: c. EUR 650m
Selling Shareholder: P2C Investissements SA and GIAS, holding pre-transaction c. 14.9% and c. 19.7%, respectively, of the pre-transaction share capital
Offer Structure: Placement of 4,700,000 secondary shares (c. 19.7% of pre-transaction share capital, c. EUR 122m)
Offer Price: EUR 26.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner), Midcap Partners (Co-Lead Manager)
Timing:

  • Launch: 12 October 2017
  • Pricing: 13 October 2017
IPO
Alpha Financial Markets Consulting plc
GBP 125m
Sole Global Coordinator /
Sole Bookrunner
OCT 2017

Alpha Financial Markets Consulting plc

Alpha Financial Markets Consulting is one of the leading global consultancies to the asset and wealth management industry

Issuer: Alpha Financial Markets Consulting plc
Ticker: AFM LN
Country: United Kingdom
Sector: Business Services / Consulting
Listing: London Stock Exchange (AIM)


Final Offer Structure:

  • Total: 78,382,164 shares (c. GBP 125.4m)
  • Primary: 22,017,652 shares (c. GBP 35.2m)
  • Secondary: 56,364,512 shares (c. GBP 90.2m)

Selling Shareholder: Dunedin LLP and Management
Initial Price Range: GBp 130.00 – GBp 175.00 per share
Final IPO Price: GBp 160.00 per share
Market Cap at IPO: c. GBP 163m
Use of Proceeds: Repayment of the Group’s existing debt facilities in full, with the remainder to be applied to pay deal fees and other costs associated with the Placing and Admission and the balance for general working capital purposes


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • ITF: 12 September 2017
  • Investor Education: 12 September – 22 September 2017
  • Bookbuilding: 25 September – 5 October 2017
  • First Day of Trading: 11 October 2017
Secondary Placing
Feintool International Holding AG
CHF 65m
Sole Global Coordinator /
Sole Bookrunner
SEP 2017

Feintool International Holding AG

Feintool manufactures and distributes presses and finepressed parts largely for the automotive industry

Ticker: FTON
Country: Switzerland
Sector: Automotive / Technology
Listing: Regulated Market of the Six Swiss Exchange


Market Cap pre Transaction: c. CHF 535m
Selling Shareholder: Mubea Engineering AG and Dr. Thomas Muhr Beteiligungs AG, holding pre-transaction c. 13.8% of the pre-transaction share capital
Offer Structure: Clean-up trade for 616,500 secondary shares (c. 13.8% of pre-transaction share capital, c. CHF 65m)
Offer Price: CHF 105.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 2 October 2017
  • Pricing: 3 October 2017
Secondary Placing
CORESTATE Capital Holding S.A.
EUR 157m
Sole Global Coordinator /
Sole Bookrunner
SEP 2017

Corestate Capital Holding S.A.

As a real estate investment manager, Corestate Capital Holdings runs a fully integrated business model, offering all relevant services for indirect investments in real estate

Ticker: CCAP GY
Country: Germany
Sector: Diversified Financials / Real Estate
Listing: Open Market of Frankfurt Stock Exchange (Scale Segment)


Market Cap pre Transaction: c. EUR 1.1bn
Selling Shareholder: Flygon Holding LLC and Mr. Christof Meyer, holding pre-transaction c. 35.6% and c. 9.1%, respectively, of the pre-transaction share capital
Offer Structure: Sell-down of 3,000,000 secondary shares (c. 14.3% of pre-transaction share capital, c. EUR 157m)
Offer Price: EUR 52.40 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 20 September 2017
  • Pricing: 21 September 2017
Sub 10% Capital Increase
Sirius facilities
EUR 25m
Joint Global Coordinator /
Joint Bookrunner
JUL 2017

Sirius Real Estate Ltd

Sirius owns a mixed-use commercial property portfolio including business parks in Germany

Issuer: Sirius Real Estate Ltd
Ticker: SRE LN
Country: Germany
Sector: Real Estate
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 509m
Offer Structure: 39,888,185 primary shares (c. EUR 25m)
Issue Price: GBP 0.56 per share
Use of Proceeds: Funding of the acquisition of a German property portfolio


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Peel Hunt, PSG Capital (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Pricing: 28 July 2017
Secondary Placing
Taptica
GBP 39m
Joint Global Coordinator /
Joint Bookrunner
JUL 2017

Taptica International Ltd

Taptica is a mobile user acquisition platform that uses dynamic user targeting technology to optimise advertising campaigns

Ticker: TAP LN
Country: United Kingdom
Sector: Media / Online Advertising
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 253m
Selling Shareholder: Dooi Holdings Ltd, Cababie Holdings Ltd and Smart and Simple Ltd, holding pre-transaction c. 5.1%, 5.1% and 17.5%, respectively, of the pre-transaction share capital
Offer Structure: Placement of 10,250,000 secondary shares (c. 16.9% of pre-transaction share capital, c. GBP 39.5m)
Offer Price: GBp 385.00 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Finncap (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 25 July 2017
  • Pricing: 26 July 2017
Secondary Placing
Hapaq-Lloyd
EUR 251m
Sole Global Coordinator /
Sole Bookrunner
JUL 2017

Hapag-Lloyd AG

Hapag-Lloyd is the number-four player in the global container shipping market, operating a fleet of 175 ships and over 1m containers

Ticker: HLAG GY
Country: Germany
Sector: Transportation
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 4.8bn
Selling Shareholder: TUI AG, holding pre-transaction c. 5.19% of the pre-transaction share capital
Offer Structure: Clean-up trade for 8,514,971 secondary shares (c. 5.19% of pre-transaction share capital, c. EUR 251m)
Offer Price: EUR 29.50 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 10 July 2017
  • Pricing: 11 July 2017
Sub 10% Capital Increase
SNP
EUR 19m
Sole Global Coordinator /
Sole Bookrunner
JUL 2017

SNP Schneider-Neureither & Partner AG

SNP is an IT consulting company focused on ERP landscape transformations. It applies a tool-based approach enabled by its proprietary transformation software solution SNP Transformation Backbone

Issuer: SNP Schneider-Neureither & Partner AG
Ticker: SHF GY
Country: Germany
Sector: IT Services
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 197m
Offer Structure: 497,677 primary shares (c. EUR 18.74m)
Issue Price: EUR 37.65 per share
Use of Proceeds: Financing the acquisition of three South American SAP consultancy firms, with the remaining proceeds used for further organic and inorganic growth


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 5 July 2017
  • Pricing: 6 July 2017
  • First Day of Trading: 10 July 2017
IPO
Zur Rose Group
CHF 252m
Joint Global Coordinator /
Joint Bookrunner
JUL 2017

Zur Rose Group AG

Zur Rose Group is Europe’s leading online pharmacy and one of Switzerland’s foremost wholesale suppliers to medical practitioners, operating under its brands “Zur Rose” and “DocMorris”

Ticker: ROSE SW
Country: Switzerland
Sector: E-Commerce (Pharmaceuticals)
Listing: SIX Swiss Exchange (International Reporting Standard)


Final Offer Structure:

  • Total: 1,800,960 shares (c. CHF 252m)
  • Primary: 1,430,000 shares (c. CHF 200m)
  • Secondary: 136,052 shares (c. CHF 19m)
  • Greenshoe (primary): 234,908 shares (c. CHF 33m)

Selling Shareholders: Members of the Board of Directors and Management
Initial Price Range: CHF 120.00 – CHF 140.00 per share
Final IPO Price: CHF 140.00 per share
Market Cap at IPO: c. CHF 871m
Use of Proceeds: Expanding the Group’s market leadership in Germany, growing the Group’s business in other selected European markets, developing and investing in integrated, data-based digital solutions and monetising on the ”big data” potential provided by the Group’s business, redeeming or repurchasing the CHF 50m corporate bonds maturing in December 2017, and other general corporate purposes


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and UBS (Joint Global Coordinators & Joint Bookrunners), Zurcher Kantonalbank (Co-Lead Manager)
Timing:

  • ITF: 8 June 2017
  • Investor Education: 8 June – 21 June 2017
  • Bookbuilding: 22 June – 5 July 2017
  • First Day of Trading: 6 July 2017
IPO
Waberer's
EUR 75m
Joint Global Coordinator /
Joint Bookrunner
JUN 2017

Waberer’s International Zrt.

Waberer’s International is the largest owned vehicle operator within the European international full truckload (FTL) segment of the road transportation market and the leader in the Hungarian road transportation and logistics market, being the largest logistics company in Hungary

Issuer: Waberer’s International Zrt.
Ticker: WABERERS HB
Country: Hungary
Sector: Transportations / Logistics
Listing: Budapest Stock Exchange (Equities Prime Market)


Final Offer Structure:

  • Total: 4,543,105 shares (c. EUR 75m)
  • Primary: 3,039,706 shares (c. EUR 50m)
  • Secondary: 1,383,728 shares (c. EUR 23m)
  • Greenshoe (secondary): 119,671 shares (c. EUR 2m)

Selling Shareholder: Mid Europa Partners
Initial Price Range: HUF 5,100.00 – HUF 6,300.00 per share
Final IPO Price: HUF 5,100.00 per share
Market Cap at IPO: c. EUR 294m
Use of Proceeds: In the amount of approx. EUR 32m for the acquisition of Link, one of the largest and fastest growing Polish road transportation and freight forwarding companies, while the remaining proceeds are intended to be used for general corporate purposes and working capital management


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Citi (Joint Global Coordinators & Joint Bookrunners), Erste Group and Renaissance Capital (Joint Bookrunners)

Timing:

  • ITF: 6 June 2017
  • Investor Education: 6 June – 16 June 2017
  • Bookbuilding: 19 June – 29 June 2017
  • First Day of Trading: 6 July 2017
IPO
Delivery Hero
EUR 989m
Joint Bookrunner
JUN 2017

Delivery Hero AG

Delivery Hero is the leading global online food ordering and delivery marketplace, with number one market positions in terms of restaurants, active users and orders in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region

Issuer: Delivery Hero AG
Ticker: DHER GY
Country: Germany
Sector: Online Food
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 38,784,408 shares (c. EUR 989m)
  • Primary: 18,950,000 shares (c. EUR 483m)
  • Secondary: 15,000,000 shares (c. EUR 383m)
  • Greenshoe (secondary): 4,834,408 shares (c. EUR 123m)

Selling Shareholder: Rocket Internet SE via Global Online Takeaway Group S.A.
Initial Price Range: EUR 22.00 – EUR 25.50 per share
Final IPO Price: EUR 25.50 per share
Market Cap at IPO: c. EUR 4,533m
Use of Proceeds: Repayment of loans and financing the growth and development of the Company’s business


Berenberg Role: Joint Bookrunner
Syndicate: Citi, Goldman Sachs and Morgan Stanley (Joint Global Coordinators & Joint Bookrunners), Berenberg, Jefferies, UBS and UniCredit (Joint Bookrunners)
Timing:

  • ITF: 6 June 2017
  • Investor Education: 6 June – 19 June 2017
  • Bookbuilding: 20 June – 28 June 2017
  • First Day of Trading: 30 June 2017
IPO
Vapiano
EUR 169m
Joint Global Coordinator /
Joint Bookrunner
JUN 2017

Vapiano SE

Vapiano is a successful European restaurant chain in the fast casual dining segment, offering trendy, modern Italian-inspired cuisine at currently 185 restaurants in over 30 countries on five continents

Issuer: Vapiano SE
Ticker: VAO GY
Country: Germany
Sector: Consumer Retail / Restaurant
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 7,351,000 shares (c. EUR 169m)
  • Primary: 3,695,653 shares (c. EUR 85m)
  • Secondary: 3,533,123 shares (c. EUR 81.3m)
  • Greenshoe (secondary): 122,224 shares (c. EUR 3m)

Selling Shareholder: VAP Leipzig GmbH & Co. KG and Exchange Bio GmbH
Initial Price Range: EUR 21.00 – EUR 27.00 per share
Final IPO Price: EUR 23.00 per share
Market Cap at IPO: c. EUR 553m
Use of Proceeds: Funding of the Company’s growth and expansion in new and existing markets, selectively acquiring associated companies and restaurants as well as repaying subordinated shareholder loans of approx. EUR 10m


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Barclays and Jefferies (Joint Global Coordinators & Joint Bookrunners), UniCredit (Joint Bookrunner)
Timing:

  • ITF: 31 May 2017
  • Investor Education: 31 May – 13 June 2017
  • Bookbuilding: 15 June – 26 June 2017
  • First Day of Trading: 27 June 2017
Sub 10% Capital Increase
Grand City
EUR 198m
Sole Global Coordinator /
Joint Bookrunner
JUN 2017

Grand City Properties S.A

Grand City Properties focuses on German residential property, currently owning c. 87,000 apartments. Its strategy is to upgrade undermanaged or distressed properties by raising occupancy and rental levels

Issuer: Grand City Properties S.A
Ticker: GYC GY
Country: Luxembourg
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 2.9bn
Offer Structure: 11,000,000 primary shares (c. EUR 198m)
Issue Price: EUR 18.00 per share
Use of Proceeds: Financing of the Company’s further growth strategy


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Citi and UBS (Joint Bookrunners)
Timing:

  • Launch: 20 June 2017
  • Pricing: 21 June 2017
  • First Day of Trading: 23 June 2017
Rights Issue
Tom Tailor
EUR 64m
Joint Global Coordinator /
Joint Bookrunner
JUN 2017

Tom Tailor Holding SE

Tom Tailor designs and distributes clothing in the medium-price market segment

Issuer: Tom Tailor Holding SE
Ticker: TTI GY
Country: Germany
Sector: Retail (Fashion)


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 225m
Offer Structure: 9,865,423 primary shares (c. EUR 64.1m)
Subscription Price: EUR 6.50 per share (c. 13.6% discount to TERP)
Subscription ratio: 3:1 (i.e. 1 new shares for 3 existing shares)
Take-up ratio: 98.11%
Use of Proceeds: Capital expenditures, primarily upgrading IT hard- and software, investments into e-commerce and omni-channel capabilities, store refurbishments and higher marketing spending, as well as increasing the group’s equity ratio, with the remaining proceeds to be used for general business purposes


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Commerzbank (Joint Global Coordinators & Joint Bookrunners), BNP Paribas (Joint Bookrunner), Hauck & Aufhäuser, DZ Bank (Co-Lead Managers)
Timing:

  • Publication of Prospectus: 6 June 2017
  • Ex-rights Day / Start of Subscription Period and Rights Trading: 7 June 2017
  • End of Rights Trading: 16 June 2017
  • End of Subscription Period: 20 June 2017
  • Results announcement: 21 June 2017
  • First Day of Trading of New Shares: 22 June 2017
Secondary Placing
Rocket Internet
EUR 217m
Sole Global Coordinator /
Sole Bookrunner
JUN 2017

Rocket Internet SE

Rocket Internet is an internet operating platform focused on the global online commerce market outside the US and China

Ticker: RKET GY
Country: Germany
Sector: Internet
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 3.5bn
Selling Shareholder: Kinnevik AB, holding pre-transaction c. 6.58% of the pre-transaction share capital
Offer Structure: Clean-up trade for 10,858,482 secondary shares (c. 6.58% of pre-transaction share capital, c. EUR 217m)
Offer Price: EUR 20.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 7 June 2017
  • Pricing: 8 June 2017
Rights Issue
BUWOG Group
EUR 306m
Joint Bookrunner
JUN 2017

BUWOG AG

BUWOG focuses on residential real estate and currently owns a portfolio of c. 50,000 units in Austria and Germany and is also among the leading residential developers in Vienna, Berlin and Hamburg

Issuer: BUWOG AG
Ticker: BWO AV
Country: Austria
Sector: Real Estate
Listing: Official Market of Vienna Stock Exchange (Prime Market)


Market Cap pre Transaction: c. EUR 2.6bn
Offer Structure: 12,471,685 primary shares (c. EUR 326m) at-market
Subscription Price: EUR 24.50 per share (c. 6.2% discount to pre- announcement close)
Subscription ratio: 8:1 (i.e. 1 new shares for 8 existing shares)
Take-up ratio: 98.11%
Use of Proceeds: Financing of further growth particularly through acquisitions of land plots in Berlin, Hamburg and Vienna as well as for acquisitions and for general business purposes


Berenberg Role: Joint Bookrunner
Syndicate: Deutsche Bank, Goldman Sachs (Joint Global Coordinators & Joint Bookrunners), Berenberg, Erste Bank, Société Générale, Kempen & Co (Joint Bookrunners)
Timing:

  • Publication of Prospectus: 15 May 2017
  • Start of Subscription Period and Bookbuilding: 18 May 2017
  • End of Subscription Period and Bookbuilding: 1 June 2017
  • Results announcement: 2 June 2017
  • First Day of Trading of New Shares: 7 June 2017
IPO
Boozt
SEK 1.9bn
Joint Bookrunner
MAY 2017

Boozt AB

Boozt is a leading, fast-growing and profitable Nordic technology company selling fashion online, offering its customers a curated and contemporary selection of fashion brands mainly though its multi-brand webstore boozt.com

Issuer: Boozt AB
Ticker: BOOZT SS
Country: Sweden
Sector: E-Commerce (Fashion)


Listing: Regulated Market of Nasdaq Stockholm
Final Offer Structure:

  • Total: 29,902,742 shares (c. SEK 1,854m)
  • Primary: 6,451,000 shares (c. SEK 400m)
  • Secondary: 19,564,604 shares (c. SEK 1,213m)
  • Greenshoe (secondary): 3,887,138 shares (c. SEK 241m)

Selling Shareholder: Sunstone Technology Ventures Fund II K/S, Verdane Capital VII K/S, ECCO Holding A/S, Sampension KP Livsforsikring A/S and the board member Kent Stevens Larsen
Initial Price Range: SEK 54.00 – SEK 63.00 per share
Final IPO Price: SEK 62.00 per share
Market Cap at IPO: c. SEK 3,692m
Use of Proceeds: Funding the continued long-term growth of the Company


Berenberg Role: Joint Bookrunner
Syndicate: Carnegie and Danske (Joint Global Coordinators & Joint Bookrunners), Berenberg (Joint Bookrunner)
Timing:

  • ITF: 8 May 2017
  • Investor Education: 8 May – 17 May 2017
  • Bookbuilding: 18 May – 30 May 2017
  • First Day of Trading: 31 May 2017
Secondary Placing
Telit
GBP 24m
Sole Global Coordinator /
Sole Bookrunner
MAY 2017

Telit Communications plc

Telit Communications is a leading supplier of M2M modules globally

Ticker: TCM LN
Country: United Kingdom
Sector: Technology


Listing: London Stock Exchange (AIM)
Market Cap pre Transaction: c. GBP 450m
Selling Shareholder: Mr. Oozi Cats (CEO), holding pre-transaction c. 17.9% of the pre-transaction share capital
Offer Structure: Sell-down of 7,081,620 secondary shares (c. 5.5% of pre-transaction share capital, c. GBP 24m)
Offer Price: GBp 340.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 23 May 2017
  • Pricing: 24 May 2017
Secondary Placing
Keywords
GBP 37m
Sole Global Coordinator /
Sole Bookrunner
MAY 2017

Keywords Studios plc

Keywords Studios is the largest provider of outsourced technical services to the video game industry

Company: Keywords Studios plc
Ticker: KWS LN
Country: Ireland
Sector: Media / Gaming
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 480m
Selling Shareholders: PEQ Holding and Mr. Andrew Day (CEO), holding pre-transaction c. 14.3% and 6.8%, respectively, of the pre-transaction share capital
Offer Structure: Sell-down of 4,478,000 secondary shares (c. 8.05% of pre-transaction share capital, c. GBP 37m)
Offer Price: GPp 820.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 23 May 2017
  • Pricing: 24 May 2017
Capital Increase
Around Town
EUR 426m
Joint Bookrunner
MAY 2017

Aroundtown SA

Aroundtown focuses on German real estate, with a commercial portfolio worth about €8.0bn and stakes in listed companies Prime City (hotels) and Grand City (residential)

Issuer: Aroundtown SA
Ticker: AT1 GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 3.6bn
Offer Structure: 93,000,000 primary shares (c. EUR 426m)
Issue Price: EUR 4.58 per share
Use of Proceeds: Financing the Company’s growth strategy and re-financing and/or repaying existing debt


Berenberg Role: Joint Bookrunner
Syndicate: Goldman Sachs (Sole Global Coordinator & Joint Bookrunner), Berenberg, Citi and UBS (Joint Bookrunners)
Timing:

  • Launch: 9 May 2017
  • Pricing: 10 May 2017
  • First Day of Trading: 12 May 2017
Sub 10% Capital Increase
Telit
GBP 39m
Joint Global Coordinator /
Joint Bookrunner
MAY 2017

Telit Communications plc

Telit Communications is a leading supplier of M2M modules globally

Ticker: TCM LN
Country: United Kingdom
Sector: Technology


Listing: London Stock Exchange (AIM)
Market Cap pre Transaction: c. GBP 420m
Offer Structure: 11,593,000 primary shares (c. GBP 39m)
Issue Price: GBp 340.00 per share
Use of Proceeds: Funding of several identified acquisition opportunities, mainly in the IoT Services sector, which the Company will look to execute in the near to medium term


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Canaccord Genuity (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 4 May 2017
  • Pricing: 5 May 2017
  • First Day of Trading: 10 May 2017
Secondary Placing
Eventim
EUR 242m
Sole Global Coordinator /
Sole Bookrunner
APR 2017

CTS Eventim AG & Co. KGaA

CTS Eventim is a market leader in ticketing and live entertainment

Ticker: EVD GY
Country: Germany
Sector: Retail / Internet


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 3.6bn
Selling Shareholder: Mr. Klaus-Peter Schulenberg via KPS Stiftung, holding pre-transaction c. 50.202% of the pre-transaction share capital
Offer Structure: Sell-down of 6,720,000 secondary shares (c. 7.0% of pre-transaction share capital, c. EUR 242m)
Offer Price: EUR 36.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 25 April 2017
  • Pricing: 26 April 2017
Secondary Placing
Cosmo
CHF 216m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

Cosmo Pharmaceutical N.V.

Cosmo Pharmaceutical is a specialty pharmaceutical company with a GI focus

Ticker: COPN SE
Country: Switzerland
Sector: Healthcare / Pharmaceuticals
Listing: SIX Swiss Exchange (Main Board)


Market Cap pre Transaction: c. CHF 2.5bn
Selling Shareholder: Group of existing shareholders, including Mr. Roberto Villa, Mr. Gerald Herz and certain employees and directors of Cosmo and the Company, holding pre-transaction c. 9.3% of the pre-transaction share capital
Offer Structure: Placement of 1,018,500 secondary and 315,447 treasury shares (c. 9.3% of pre-transaction share capital, c. CHF 216m)
Offer Price: CHF 162.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 30 March 2017
  • Pricing: 31 March 2017
IPO
Griffin Premium
EUR 120m
Joint Global Coordinator /
Joint Bookrunner
MAR 2017

Griffin Premium RE.. N.V.

Griffin Premium is a Polish pure office and high-street mixed-use platform founded by Griffin Real Estate owning a diversified and well-balanced real estate portfolio of nine properties located in the centres or on the main streets of the prime Polish cities

Issuer: Griffin Premium RE.. N.V.
Ticker: GPR PW
Country: Poland
Sector: Real Estate
Listing: Regulated Market of Warsaw Stock Exchange


Final Offer Structure:

  • Total: 81,309,518 shares (c. EUR 108m)
  • Primary: 22,201,267 shares (c. EUR 29.4m)
  • Secondary: 59,108,251 shares (c. EUR 78.2m)

Selling Shareholder: Oaktree Capital Group LLC
Initial Price Range: PLN 5.70 – PLN 6.50 per share
Final IPO Price: PLN 5.70 per share
Market Cap at IPO: c. EUR 206m
Use of Proceeds: Expansion of the Company’s portfolio of properties


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Bank Zachodni WBK (Joint Global Coordinators & Joint Bookrunners), Dom Maklerski Bos (Co-Lead Manager)
Timing:

  • ITF: 1 March 2017
  • Investor Education: 1 March – 14 March 2017
  • Bookbuilding: 15 March – 28 March 2017
  • First Day of Trading: 13 April 2017
Secondary Placing
XLMedia
GBP 71m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

XLMedia plc

XLMedia is a performance marketing company, specialising in directing high-value users to real-money and social gaming platforms

Ticker: XLM LN
Country: Jersey
Sector: Internet / Digital Marketing


Listing: London Stock Exchange (AIM)
Market Cap pre Transaction: c. GBP 239m
Selling Shareholder: Webpals Enterprises and Israeli VC Partners, holding pre-transaction c. 22.48% and 9.57%, respectively, of the pre-transaction share capital
Offer Structure: Clean-up trade for 64,206,814 secondary shares (c. 32.05% of pre-transaction share capital, c. GBP 71m)
Offer Price: GBp 110.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 27 March 2017
  • Pricing: 28 March 2017
IPO
Aumann
EUR 251m
Joint Global Coordinator /
Joint Bookrunner
MAR 2017

Aumann AG

Aumann is a globally leading supplier of innovative specialised machinery and automated production lines with focus on e-mobility

Issuer: Aumann AG
Ticker: AAG GY
Country: Germany
Sector: E-Mobility
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 5,980,000 shares (c. EUR 251.2m)
  • Primary: 1,500,000 shares (c. EUR 63m)
  • Secondary: 3,700,000 shares (c. EUR 155.4m)
  • Greenshoe (secondary): 780,000 shares (c. EUR 32.8m)

Selling Shareholder: MBB SE and Mr. Ingo Wojtynia
Initial Price Range: EUR 35.00 – EUR 43.00 per share
Final IPO Price: EUR 42.00 per share
Market Cap at IPO: c. EUR 588m
Use of Proceeds: Funding of the Company’s capacity expansion in the field of e-mobility


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Citi (Joint Global Coordinators & Joint Bookrunners), Hauck & Aufhäuser (Joint Bookrunner)
Timing:

  • ITF: 27 February 2017
  • Investor Education: 27 February – 10 March 2017
  • Bookbuilding: 13 March – 23 March 2017
  • First Day of Trading: 24 March 2017
Sub 10% Capital Increase
Zeiss
EUR 317m
Joint Global Coordinator /
Joint Bookrunner
MAR 2017

Carl Zeiss Meditec AG

Carl Zeiss Meditec specialises in ophthalmologic medical technology

Issuer: Carl Zeiss Meditec AG
Ticker: AFX GY
Country: Germany
Sector: Med. Tech / Healthcare
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 3.4bn
Offer Structure: 8,130,960 primary shares (c. EUR 317m)
Issue Price: EUR 38.94 per share
Use of Proceeds: Increasing financial power and flexibility in order to accelerate the Company’s growth strategy


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Commerzbank (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 21 March 2017
  • Pricing: 22 March 2017
  • First Day of Trading: 27 March 2017
Secondary Placing
The Gym
GBP 68m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

The Gym Group plc

The Gym Group is the UK’s second-largest operator of low-cost gyms

Ticker: GYM LN
Country: United Kingdom
Sector: Leisure


Listing: London Stock Exchange (Main Market)
Market Cap pre Transaction: c. GBP 237m
Selling Shareholder: Phoenix Equity Partners Limited and Bridges Ventures LLP, holding pre-transaction c. 30.5% of the pre-transaction share capital
Offer Structure: Clean-up trade for 39,136,669 secondary shares (c. 30.5% of pre-transaction share capital, c. GBP 68m)
Offer Price: GBp 175.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 16 March 2017
  • Pricing: 17 March 2017
Secondary Placing
Capital Stage
EUR 34m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

Encavis AG (formerly Capital Stage AG)

Encavis AG (formerly Capital Stage AG) is the largest German independent power producer and asset manager, acquiring and operating renewable energy plants

Ticker: CAP GY
Country: Germany
Sector: Renewables
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 830m
Selling Shareholder: Blue Elephant Venture, holding pre-transaction c. 4.32% of the pre-transaction share capital
Offer Structure: Clean-up trade for 5,461,202 secondary shares (c. 4.32% of pre-transaction share capital, c. EUR 34m)
Offer Price: EUR 6.25 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 7 March 2017
  • Pricing: 8 March 2017
Sub 10% Capital Increase
Sirius facilities
EUR 15m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

Sirius Real Estate Ltd

Sirius owns a mixed-use commercial property portfolio including business parks in Germany

Issuer: Sirius Real Estate Ltd
Ticker: SRE LN
Country: Germany
Sector: Real Estate
Listing: London Stock Exchange (AIM)


Offer Structure: 25,989,778 primary shares (c. EUR 15m)
Issue Price: GBP 0.50 per share
Use of Proceeds: Funding of the Company’s acquisition program


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Pricing: 7 March 2017
Secondary Placing (T-Shares)
TAG Immobilien AG
EUR 51m
Sole Global Coordinator /
Sole Bookrunner
MAR 2017

TAG Immobilien AG

TAG Immobilien owns about 83,000 apartments with a regional exposure to northern and eastern Germany

Ticker: TEG GY
Country: Germany
Sector: Real Estate (Residential)
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.9bn
Selling Shareholder: TAG Immobilien AG (Treasury Shares)
Offer Structure: Clean-up trade for 4,095,124 treasury shares (c. 2.8% of pre-transaction share capital, c. EUR 51m)
Offer Price: EUR 12.48 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 6 March 2017
  • Pricing: 7 March 2017
Sub 10% Capital Increase
Corestate
EUR 23m
Sole Global Coordinator /
Joint Bookrunner
FEB 2017

Corestate Capital Holding S.A.

As a real estate investment manager, Corestate Capital Holdings runs a fully integrated business model, offering all relevant services for indirect investments in real estate, with AUM of c. EUR 21bn

Issuer: Corestate Capital Holding S.A.
Ticker: CCAP GY
Country: Germany
Sector: Diversified Financials / Real Estate
Listing: Open Market of Frankfurt Stock Exchange (Scale Segment)


Market Cap pre Transaction: c. EUR 304m
Offer Structure: 996,318 primary shares (c. EUR 22.7m)
Issue Price: EUR 22.80 per share
Use of Proceeds: Warehousing purposes, i.e. the acquisition of certain real estate assets on its own accounts prior to converting them into investment products for its clients


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Baader Bank (Joint Bookrunner)
Timing:

  • Launch: 23 February 2017
  • Pricing: 24 February 2017
  • First Day of Trading: 27 February 2017
Rights Issue & Secondary Placement
Agrana
EUR 192m
Joint Global Coordinator /
Joint Bookrunner
FEB 2017

Agrana Beteiligungs-AG

Agrana produces sugar and sugar products, food and industrial starches, fruit juice concentrates and fruit preparations

Issuer: Agrana Beteiligungs-AG
Ticker: AGR AV
Country: Austria
Sector: Food & Beverages (Packaged Food)


Listing: Regulated Market of Vienna Stock Exchange (Prime Market)
Market Cap pre Transaction: c. EUR 1.7bn
Selling Shareholder: Südzucker AG
(1) Pre-Placement and Secondary Offering
Offer Structure: Pre-placement of 1,316,720 primary shares (c. 9.3% of pre-transaction share capital, c. EUR 132m) and sell-down of 500,000 secondary shares (c. 3.5% of pre-transaction share capital, c. EUR 50m)
Offer Price: EUR 100.00 per share
(2) Rights Issue
Offer Structure: 103,484 primary shares (c. EUR 10m) after pre-placement
Subscription Price: EUR 100.00 per share (c. 14.9% discount to TERP)
Subscription ratio: 10:1 (i.e. 1 new shares for 10 existing shares)
Take-up ratio: 97.5%
Use of Proceeds: Financing of further profitable growth, including through acquisitions


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, BNP Paribas, Erste Group, Raiffeisen Bank International (Joint Global Coordinator & Joint Bookrunner)
Timing:

  • Publication of Prospectus and Launch of ABB: 31 January 2017
  • Determination of Offer/Subscription Price: 1 February 2017
  • Ex-rights Day / Start of Subscription Period: 2 February 2017
  • First Day of Trading of New Shares (Pre-placement): 7 February 2017
  • End of Subscription Period: 16 February 2017
  • Results announcement: 17 February 2017
  • First Day of Trading of New Shares (Rights Offering): 22 February 2017
Secondary Placing
dfs
GBP 59m
Sole Global Coordinator /
Sole Bookrunner
FEB 2017

DFS Furniture plc

DFS Furniture is the leading retailer of upholstered furniture in the UK with c. 105 stores, a further three stores in Ireland, two in the Netherlands and one in Spain

Ticker: DFS LN
Country: United Kingdom
Sector: Retail (Furniture)
Listing: London Stock Exchange (Main Market)


Market Cap pre Transaction: c. GBP 485m
Selling Shareholder: Advent International, holding pre-transaction c. 12.1% of the pre-transaction share capital
Offer Structure: Clean-up trade for 25,661,359 secondary shares (c. 12.1% of pre-transaction share capital, c. GBP 59m)
Offer Price: GBp 228.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 9 February 2017
  • Pricing: 10 February 2017
Secondary Placing
XLMedia
GBP 40m
Sole Global Coordinator /
Sole Bookrunner
FEB 2017

XLMedia plc

XLMedia is a performance marketing company, specialising in directing high-value users to real-money and social gaming platforms

Ticker: XLM LN
Country: Jersey
Sector: Internet / Digital Marketing
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 213m
Selling Shareholder: Webpals Enterprises, holding pre-transaction c. 42.45% of the pre-transaction share capital
Offer Structure: Sell-down of 40,000,000 secondary shares (c. 20% of pre-transaction share capital, c. GBP 40m)
Offer Price: GBp 100.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 2 February 2017
  • Pricing: 3 February 2017
Secondary Placing
Cyfrowy Polsat
PLN 384m
Co-Lead Manager
JAN 2017

Cyfrowy Polsat S.A.

Cyfrowy Polsat is a mobile-network-only telco providing mobile, broadband and pay TV services in Poland as well as the largest private broadcaster in the country

Ticker: CPS PW
Country: Poland
Sector: Cable and Satellite
Listing: Main Market of Warsaw Stock Exchange


Market Cap pre Transaction: c. PLN 16.4bn
Selling Shareholder: European Bank for Reconstruction and Development (EBRD)
Offer Structure: Sell-down of 15,8 secondary shares (c. 3.44% of pre-transaction ordinary share capital, c. PLN 384m)
Offer Price: PLN 24.25 per share


Berenberg Role: Co-Lead Manager
Syndicate: Citi (Sole Global Coordinator & Sole Bookrunner), Berenberg (Co-Lead Manager)
Timing:

  • Launch: 17 January 2017
  • Pricing: 18 January 2017
Secondary Placing
Porr
EUR 53m
Sole Global Coordinator /
Sole Bookrunner
JAN 2017

PORR AG

PORR operates in construction and real estate development with its main markets including Austria, Germany, Poland, the Czech Republic and the Middle East

Ticker: POS AV
Country: Austria
Sector: Construction
Listing: Regulated Market of Vienna Stock Exchange


Market Cap pre Transaction: c. EUR 1.14bn
Selling Shareholder: Group of existing shareholders, including members of the managing board and certain members of the supervisory board, including companies of the Ortner-Strauss-Syndicate
Offer Structure: Sell-down of 1,474,509 secondary shares (c. 5.1% of pre-transaction ordinary share capital, c. EUR 53.1m)
Offer Price: EUR 36.00 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 10 January 2017
  • Pricing: 11 January 2017

2016

Admission to Trading
ProCredit HOLDING
EUR 658m
Sole Global Coordinator
DEC 2016
Rights Issue
SGL Group
EUR 180m
Joint Bookrunner
DEC 2016

SGL Carbon SE

SGL Carbon is a carbon specialist with expertise across the entire value chain of carbon fibre and graphite

Issuer: SGL Carbon SE
Ticker: SGL GY
Country: Germany
Sector: Chemicals


Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)
Market Cap pre Transaction: c. EUR 936m
Offer Structure: 9,865,423 primary shares (c. EUR 180m)
Subscription Price: EUR 6.00 per share (c. 34.2% discount to TERP)
Subscription ratio: 40:13 (i.e. 13 new shares for 40 existing shares)
Take-up ratio: 99.40%
Use of Proceeds: Strengthening the Company’s the capital structure and improving the leverage ratio


Berenberg Role: Joint Bookrunner
Syndicate: Credit Suisse and Commerzbank (Joint Global Coordinators & Joint Bookrunners), Berenberg and Société Générale (Joint Bookrunners), LBBW (Co-Lead Manager)
Timing:

  • Publication of Prospectus: 29 November 2016
  • Ex-rights Day / Start of Subscription Period and Rights Trading: 30 November 2016
  • End of Rights Trading: 9 December 2016
  • End of Subscription Period: 13 December 2016
  • Results announcement: 14 December 2016

First Day of Trading of New Shares: 14 December 2016

Secondary Placing
dfs
GBP 62m
Lead Manager
NOV 2016

DFS Furniture plc

DFS Furniture is the leading retailer of upholstered furniture in the UK with c. 105 stores, a further three stores in Ireland, two in the Netherlands and one in Spain

Company: DFS Furniture plc
Ticker: DFS LN
Country: United Kingdom
Sector: Retail (Furniture)
Listing: London Stock Exchange (Main Market)


Market Cap pre Transaction: c. GBP 559m
Selling Shareholder: Advent International, holding pre-transaction c. 24.3% of the pre-transaction share capital
Offer Structure: Sell-down of 25,700,000 secondary shares (c. 12.1% of pre-transaction share capital, c. GBP 62m)
Offer Price: GBp 240.00 per share


Berenberg Role: Lead Manager
Syndicate: Jefferies and UBS (Joint Bookrunners), Berenberg (Lead-Manager)
Timing:

  • Launch: 3 November 2016
  • Pricing: 4 November 2016
IPO
Shop Apotheke
EUR 115m
Joint Global Coordinator /
Joint Bookrunner
OCT 2016

Shop Apotheke Europe N.V.

Shop Apotheke is an online licensed pharmacy focusing on the B2C sale of non-prescription drugs in continental Europe

Issuer: Shop Apotheke Europe N.V.
Ticker: SAE GY
Country: Germany
Sector: E-Commerce
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 4,103,447 shares (c. EUR 115m)
  • Primary: 3,571,428 shares (c. EUR 100m)
  • Greenshoe (secondary): 532,019 shares (c. EUR 15m)

Initial Price Range: EUR 28.00 – EUR 35.00 per share
Final IPO Price: EUR 28.00 per share
Market Cap at IPO: c. EUR 249m
Use of Proceeds: Financing the Company’s growth, supporting further penetration of its current markets in continental Europe and investing in further expansion and automation of its logistics and infrastructure as well as refinancing shareholder loans


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Citi (Joint Global Coordinators & Joint Bookrunners), Commerzbank (Joint Bookrunner)
Timing:

  • ITF: 15 September 2016
  • Investor Education: 15 September – 28 September 2016
  • Bookbuilding: 29 September – 11 October 2016
  • First Day of Trading: 13 October 2016
IPO
innogy
EUR 4.6bn
Co-Lead Manager
OCT 2016

innogy SE

innogy is a European energy company that operates in the renewables, grid and infrastructure and retail segments

Issuer: innogy SE
Ticker: IGY GY
Country: Germany
Sector: Utilities
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 128,930,315 shares (c. EUR 4.64bn)
  • Primary: 55,555,000 shares (c. EUR 2bn)
  • Secondary: 70,707,000 shares (c. EUR 2.55bn)
  • Greenshoe (secondary): 2,668,315 shares (c. EUR 96m)

Selling Shareholder: RWE AG (via RWE Downstream Beteiligungs GmbH)
Initial Price Range: EUR 32.00 – EUR 36.00 per share
Final IPO Price: EUR 36.00 per share
Market Cap at IPO: c. EUR 20bn
Use of Proceeds: Financing the Company’s growth investments in its core business


Berenberg Role: Co-Lead Manager
Syndicate: Deutsche Bank and Goldman Sachs (Joint Global Coordinators & Joint Bookrunners), BNP Paribas, Bank of America Merrill Lynch, Credit Suisse and UBS (Joint Bookrunners), Berenberg, RBC and Santander (Co-Lead Managers)
Timing:

  • ITF: 12 September 2016
  • Investor Education: 12 September – 23 September 2016
  • Bookbuilding: 26 September – 6 October 2016
  • First Day of Trading: 7 October 2016
IPO
va-Q-tec
EUR 83m
Sole Global Coordinator /
Joint Bookrunner
SEP 2016

va-Q-tec AG

va-Q-tec provides advanced thermal insulation solutions and offers a comprehensive rental network of containers and boxes for pharma and healthcare coldchain transportation

Issuer: va-Q-tec AG
Ticker: VQT GY
Country: Germany
Sector: Technology with high exposure to healthcare services
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 6,738,656 shares (c. EUR 83m)
  • Primary: 3,750,000 shares (c. EUR 46m)
  • Secondary: 2,109,702 shares (c. EUR 26m)
  • Greenshoe (secondary): 878,954 shares (c. EUR 11m)

Selling Shareholder: Various
Initial Price Range: EUR 11.20 – EUR 13.40 per share
Final IPO Price: EUR 12.30 per share
Market Cap at IPO: c. EUR 161m
Use of Proceeds: Growing its serviced rental business by expanding its fleet of boxes and containers as well as investing in production and fulfilment capacities and locations, both in Germany and abroad. Remaining proceeds are intended to be used for dedicated product development


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Mainfirst Bank (Joint Bookrunner), Equinet Bank (Co-Lead Manager)
Timing:

  • ITF: 7 September 2016
  • Investor Education: 7 September – 20 September 2016
  • Bookbuilding: 21 September – 29 September 2016
  • First Day of Trading: 30 September 2016
Secondary Placing
Plus500
GBP 101m
Joint Global Coordinator /
Joint Bookrunner
SEP 2016

Plus 500 Ltd

Plus500 is a retail financial trading platform that allows end-customers to trade contracts for difference (CFDs) on a wide range of underlying financial securities, such as stocks, options, indices, FX and commodities

Company: Plus 500 Ltd
Ticker: PLUS LN
Country: United Kingdom
Sector: Financial Services
Listing: London Stock Exchange (AIM)


Market Cap pre Transaction: c. GBP 857m
Selling Shareholder: Founders, holding pre-transaction c. 35.7% of the pre-transaction share capital
Offer Structure: Placement of 15,500,000 secondary shares (c. 13.5% of pre-transaction share capital, c. GBP 101m)
Offer Price: GBp 650.00 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Liberum (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 28 September 2016
  • Pricing: 6 October 2016
Pre-placement & Rights Issue
MPC
EUR 37m
Sole Global Coordinator /
Joint Bookrunner
SEP 2016

MPC Capital AG

MPC is an independent asset and investment manager focusing on alternative investment opportunities for institutional investors

Issuer: MPC Capital AG
Ticker: MPCK GY
Country: Germany
Sector: Diversified Financials
Listing: Non-regulated market of the Frankfurt Stock Exchange (Scale Segment)


Market Cap pre Transaction: c. EUR 170m

(1) Pre-Placement

Offer Structure: Pre-placement of 3,560,229 primary shares (c. 14.6% of pre-transaction share capital, c. EUR 21.4m)
Offer Price: EUR 6.00 per share

(2) Rights Issue

Offer Structure: 2,525,354 primary shares (c. EUR 15.2m) after pre-placement
Subscription Price: EUR 6.00 per share (c. 11.4% discount to TERP)
Subscription ratio: 4:1 (i.e. 1 new shares for 4 existing shares)
Take-up ratio: c. 90%
Use of Proceeds: Financing of the Company’s further growth through equity investments in new real investment products by way of co-investments


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), M.M. Warburg & Co (Joint Bookrunner)
Timing:

  • Publication of Prospectus and Launch of ABB: 12 September 2016
  • Determination of Offer/Subscription Price: 13 September 2016
  • Ex-rights Day / Start of Subscription Period: 14 September 2016
  • First Day of Trading of New Shares (Pre-placement): 15 September 2016
  • End of Subscription Period: 27 September 2016
  • Results announcement: 28 September 2016
  • First Day of Trading of New Shares (Rights Offering): 30 September 2016
Rights Issue
hamborner REIT
EUR 167m
Sole Global Coordinator /
Joint Bookrunner
SEP 2016

Hamborner REIT AG

Hamborner is a German REIT and manages a commercial portfolio with a focus split between retail and office properties

Issuer: Hamborner REIT AG
Ticker: HAB GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 636m
Offer Structure: 17,715,032 primary shares (c. EUR 167m)
Subscription Price: EUR 9.40 per share (c. 6.6% discount to TERP)
Subscription ratio: 7:2 (i.e. 2 new shares for 7 existing shares)
Take-up ratio: 90.31%
Use of Proceeds: Financing of acquisitions of additional properties in accordance with Hamborner’s corporate strategy, i.e. c. EUR 138m of already signed properties in Mannheim, Kiel and Hanau as well as the current acquisition pipeline


Berenberg Role: Sole Global Coordinator & Joint Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Bankhaus Lampe and Kempen & Co (Joint Bookrunners)
Timing:

  • Publication of Prospectus: 12 September 2016
  • Ex-rights day / Start of Subscription Period and Rights Trading: 13 September 2016
  • End of Rights Trading: 22 September 2016
  • End of Subscription Period and Start of Rump Placement: 26 September 2016
  • Final Results Announcement and Allocation of Rump Placement: 27 September 2016
  • First Day of Trading of New Shares: 29 September 2016
Secondary Placing
alstria
EUR 74m
Sole Global Coordinator /
Sole Bookrunner
SEP 2016

alstria office REIT-AG

alstria focuses on office properties in Germany and has a portfolio size of over €3bn

Ticker: AOX GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.94bn
Selling Shareholder: Oaktree Capital, holding pre-transaction c. 4.96% of the pre-transaction share capital
Offer Structure: Sell-down of 5,940,642 secondary shares (c. 3.88% of pre-transaction share capital, c. EUR 74m)
Offer Price: EUR 12.50 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 8 September 2016
  • Pricing: 9 September 2016
Sub 10% Capital Increase
eurofins
EUR 296m
Joint Bookrunner
SEP 2016

Eurofins Scientific SE

Eurofins is with more than 30,000 employees in 375 laboratories the world leader in food and pharmaceutical products testing and environmental laboratory services

Issuer: Eurofins Scientific SE
Ticker: ERF FP
Country: Luxembourg
Sector: Business Services / Testing, Inspection & Certification (TIC)
Listing: Regulated Market of Euronext Paris


Market Cap pre Transaction: c. EUR 6.1bn
Offer Structure: 800,000 primary shares (c. EUR 296m)
Issue Price: EUR 370.00 per share
Use of Proceeds: Financing of identified potential acquisition targets


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Jefferies (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 7 September 2016
  • Pricing: 8 September 2016
  • First Day of Trading: 12 September 2016
Secondary Placing
on the Beach
GBP 22m
Joint Bookrunner
AUG 2016

On The Beach plc

OTB is an online travel agent specialising in dynamically packaged beach holidays

Company: On The Beach plc
Ticker: OTB LN
Country: United Kingdom
Sector: Leisure
Listing: London Stock Exchange (Main Market)


Market Cap pre Transaction: c. GBP 301m
Selling Shareholder: OTB Holdings Limited Partnership (Inflexion), holding pre-transaction c. 37.13% of the pre-transaction share capital
Offer Structure: Sell-down of 10,000,000 secondary shares (c. 7.7% of pre-transaction share capital, c. GBP 22m)
Offer Price: GBp 215.00 per share


Berenberg Role: Joint Bookrunner
Syndicate: Numis (Sole Global Coordinator & Joint Bookrunner),  Berenberg (Joint Bookrunner)
Timing:

  • Launch: 4 August 2016
  • Pricing: 5 August 2016
Rights Issue
Vossloh
EUR 127m
Sole Global Coordinator /
Sole Bookrunner
JUN 2016

Vossloh AG

Vossloh manufactures rail fasteners, rail switches, concrete ties and diesel-electric locomotives

Issuer: Vossloh AG
Ticker: VOS GY
Country: Germany
Sector: Capital Goods
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 803m
Offer Structure: 2,642,147 primary shares (c. EUR 126.8m)
Subscription Price: EUR 48.00 per share (c. 17.5% discount to TERP)
Subscription ratio: 5:1 (i.e. 1 new share for 5 existing shares)
Take-up ratio: 98.20%
Use of Proceeds: Enhancing the Company’s financial stability and flexibility to promote its intended profitable growth


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Publication of Prospectus: 30 May 2016
  • Ex-rights Day / Start of Subscription Period and Rights Trading: 31 May 2016
  • End of Rights Trading: 10 June 2016
  • End of Subscription Period: 14 June 2016
  • Results announcement: 15 June 2016
  • First Day of Trading of New Shares: 17 June 2016
IPO
EUR 1.1bn
Co-Lead Manager
JUN 2016

ASR Nederland N.V.

ASR is a Netherlands-based company offering life and non-life insurance.

Issuer: ASR Nederland N.V.
Ticker: ASRNL NA
Country: Netherlands
Sector: Insurance
Listing: Regulated Market of Euronext Amsterdam


Final Offer Structure:

  • Total: 60,000,000 shares (c. EUR 1.1bn)
  • Secondary: 52,200,000 shares (c. EUR 1.02bn)
  • Greenshoe (secondary): 7,800,000 shares (c. EUR 152m)

Selling Shareholder: NL Financial Investments (“NLFI”) on behalf of the Dutch state
Initial Price Range: EUR 18.00 – EUR 22.00 per share
Final IPO Price: EUR 19.50 per share
Market Cap at IPO: c. EUR 2.9bn


Berenberg Role: Co-Lead Manager
Syndicate: ABN Amro, Citigroup and Deutsche Bank (Joint Global Coordinators & Joint Bookrunners), Barclays, HSBC, ING and Rabobank (Joint Bookrunners), Berenberg (Co-Lead Manager)
Timing:

  • ITF: 13 May 2016
  • Investor Education: 13 May – 27 May 2016
  • Bookbuilding: 30 May – 9 June 2016
  • First Day of Trading: 7 October 2016
IPO
VAT
CHF 621m
Co-Lead Manager
APR 2016

VAT Group AG

VAT is a Switzerland-based engineering company that makes vacuum valves used in vacuum applications for the semiconductor industry and flat panel production machines

Issuer: VAT Group AG
Ticker: VACN SW
Country: Switzerland
Sector: Capital Goods / Vacuum Valve Engineering
Listing: SIX Swiss Exchange


Final Offer Structure:

  • Total: 13,800,000 shares (c. CHF 621m)
  • Secondary: 12,000,000 shares (c. CHF 540m)
  • Greenshoe (secondary): 1,800,000 shares (c. CHF 81m)

Selling Shareholder: Funds managed and/or advised by Capvis Equity Partners and Partners Group, Members of the Board and Management and three other shareholders
Initial Price Range: CHF 39.00 – CHF 46.00 per share
Final IPO Price: CHF 45.00 per share
Market Cap at IPO: c. CHF 1.35bn


Berenberg Role: Co-Lead Manager
Syndicate: Credit Suisse and UBS (Joint Global Coordinators & Joint Bookrunners), J.P. Morgan (Joint Bookrunner), Berenberg and Bank Vontobel (Co-Lead Managers)
Timing:

  • ITF: 8 March 2016
  • Investor Education: 8 March – 30 March 2016
  • Bookbuilding: 31 March – 13 April 2016
  • First Day of Trading: 14 April 2016
Capital Increase
Around Town
EUR 267m
Joint Bookrunner
APR 2016

Aroundtown SA

Aroundtown focuses on German real estate, with a commercial portfolio worth about €8.0bn and stakes in listed companies Prime City (hotels) and Grand City (residential)

Issuer: Aroundtown SA
Ticker: AT1 GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 2.7bn
Offer Structure: 65,000,000 primary shares (c. EUR 267m)
Issue Price: EUR 4.10 per share
Use of Proceeds: Funding of further planned investments


Berenberg Role: Joint Bookrunner
Syndicate: Citigroup (Joint Global Coordinator & Joint Bookrunner), Berenberg and UBS (Joint Bookrunners)
Timing:

  • Launch: 12 April 2016
  • Pricing: 13 April 2016
  • First Day of Trading: 15 April 2016
Private Placement
Senvion
EUR 271m
Joint Bookrunner
MAR 2016

Senvion S.A.

Senvion is a manufacturer of on- and offshore wind turbines ranging from 2MW to 6MW. The company has an installed base of c. 12.8GW in onshore and c900MW in offshore

Issuer: Senvion S.A.
Ticker: SEN GY
Country: Germany
Sector: Capital Goods / Renewables / Wind Turbine Manufacturing
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Final Offer Structure:

  • Total: 17,183,762 shares (c. EUR 271m)
  • Secondary: 16,250,000 shares (c. EUR 256m)
  • Greenshoe (secondary): 933,762 shares (c. EUR 15m)

Selling Shareholder: Funds advised by Centerbridge Partners and Arpwood Partners
Initial Price Range: EUR 20.00 – EUR 23.50 per share
Final IPO Price: EUR 15.75 per share
Market Cap at IPO: c. EUR 1.0bn


Berenberg Role: Joint Bookrunner
Syndicate: Citigroup, Deutsche Bank and J.P. Morgan (Joint Global Coordinators & Joint Bookrunners), Berenberg, Bank of America Merrill Lynch, Barclays and Morgan Stanley (Joint Bookrunners)
Timing:

  • ITF: 22 February 2016
  • Investor Education: 23 February – 4 March 2016
  • Bookbuilding: 7 March – 17 March 2016
  • First Day of Trading: 23 March 2016
Secondary Placing (T-Shares)
TAG Immobilien AG
EUR 58m
Joint Global Coordinator /
Joint Bookrunner
MAR 2016

TAG Immobilien AG

TAG Immobilien owns about 83,000 apartments with a regional exposure to northern and eastern Germany

Ticker: TEG GY
Country: Germany
Sector: Real Estate (Residential)
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.7bn
Selling Shareholder: TAG Immobilien AG (Treasury Shares)
Offer Structure: Sell-down of 5,000,000 treasury shares (c. 3.66% of pre-transaction share capital, c. EUR 58m)
Offer Price: EUR 11.65 per share


Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg and Kempen & Co (Joint Global Coordinators & Joint Bookrunners)
Timing:

  • Launch: 16 March 2017
  • Pricing: 17 March 2017
Secondary Placing
Berentzen
EUR 13m
Sole Global Coordinator /
Sole Bookrunner
MAR 2016

Berentzen-Gruppe AG

Berentzen is a Germany-based producer of branded and private-label spirits, non-alcoholic drinks and fruit juice systems

Ticker: BEZ GY
Country: Germany
Sector: General SMID Cap / Food and Beverages
Listing: Regulated Market of Frankfurt Stock Exchange


Market Cap pre Transaction: c. EUR 68m
Selling Shareholder: Aurelius Group, holding pre-transaction c. 51.04% of the pre-transaction share capital
Offer Structure: Sell-down of 2,100,000 secondary shares (c. 21.88% of pre-transaction share capital, c. EUR 13m)
Offer Price: EUR 6.10 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 1 March 2016
  • Pricing: 2 March 2016
Secondary Placing
EUR 26m
Sole Global Coordinator /
Sole Bookrunner
FEB 2016

alstria office REIT-AG

alstria focuses on office properties in Germany and has a portfolio size of over €3bn

Ticker: AOX GY
Country: Germany
Sector: Real Estate
Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)


Market Cap pre Transaction: c. EUR 1.79bn
Selling Shareholder: Institutional Shareholder
Offer Structure: Sell-down of 2,231,251 secondary shares (c. 1.47% of pre-transaction share capital, c. EUR 27m)
Offer Price: EUR 11.50 per share


Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg (Sole Global Coordinator & Sole Bookrunner)
Timing:

  • Launch: 17 February 2016
  • Pricing: 18 February 2016
Stake Building for
united internet
in
telecolumbus
EUR 187m
Sole Bookrunner
FEB 2016

2015

10% Capital Increase
WCM
EUR 24m
Sole Global Coordinator /
Sole Bookrunner
NOV 2015
Convertible
Aurelius
EUR 166m
Joint Global Coordinator /
Joint Bookrunner
NOV 2015
Secondary Placing
zooplus
EUR 107m
Joint Global Coordinator /
Joint Bookrunner
NOV 2015
IPO
Hapaq-Lloyd
EUR 265m
Joint Global Coordinator /
Joint Bookrunner
NOV 2015
Secondary Placing
Hornbach
EUR 67m
Joint Global Coordinator /
Joint Bookrunner
OCT 2015
IPO
Intertrust
EUR 535m
Co-Lead Manager
OCT 2015
IPO
Chorus
EUR 103m
Sole Global Coordinator /
Joint Bookrunner
OCT 2015
Rights Issue
AFG
CHF 207m
Joint Bookrunner
SEP 2015
Sub 10% Capital Increase
Grand City
EUR 151m
Sole Global Coordinator /
Sole Bookrunner
SEP 2015
Sub 10% Capital Increase
RIB
EUR 48m
Sole Global Coordinator /
Sole Bookrunner
SEP 2015
IPO
pbb
EUR 1.2bn
Joint Bookrunner
JUL 2015
Capital Increase
Around Town
EUR 320m
Sole Global Coordinator /
Joint Bookrunner
JUL 2015
Capital Increase
Market Tech
GBP 201m
Joint Bookrunner
JUL 2015
Rights Issue
hamborner REIT
EUR 102m
Sole Global Coordinator /
Joint Bookrunner
JUL 2015
Rights Issue
WCM
EUR 156m
Sole Global Coordinator /
Sole Bookrunner
JUL 2015
Rights Issue
Deutsche Wohnen
EUR 907m
Lead Manager
JUN 2015
Secondary Placing
Wüstenrot & Württembergische
EUR 117m
Sole Global Coordinator /
Sole Bookrunner
MAY 2015
IPO
SIXT leasing
EUR 239m
Joint Global Coordinator /
Joint Bookrunner
MAY 2015
IPO
windeln.de
EUR 183m
Joint Bookrunner
MAY 2015
Rights Issue
Cofinimmo
EUR 285m
Co-Lead Manager
MAY 2015
Secondary Placing
Leifheit
EUR 124m
Sole Global Coordinator /
Sole Bookrunner
APR 2015
IPO
dfs
GBP 237m
Co-Lead Manager
MAR 2015
Secondary Placing
RIB
EUR 23m
Sole Global Coordinator /
Sole Bookrunner
MAR 2015
Secondary Placing
DKSH
CHF 36m
Sole Global Coordinator /
Sole Bookrunner
MAR 2015
Sub 10% Capital Increase
Rocket Internet
EUR 589m
Joint Global Coordinator /
Joint Bookrunner
FEB 2015
IPO
Sunrise
CHF 2.3bn
Joint Bookrunner
FEB 2015
IPO
HSS Hire
GBP 125m
Co-Lead Manager
FEB 2015
IPO
telecolumbus
EUR 510m
Joint Bookrunner
JAN 2015

2014

IPO
Markettech
GBP 100m
Joint Global Coordinator /
Joint Bookrunner
DEC 2014
Secondary Placing (T-Shares)
Drillisch
EUR 143m
Sole Global Coordinator /
Sole Bookrunner
NOV 2014
Sub 10% Capital Increase
Magforce
EUR 10m
Joint Global Coordinator /
Joint Bookrunner
NOV 2014
10% Capital Increase
Kuka
EUR 88m
Sole Global Coordinator /
Sole Bookrunner
NOV 2014
10% Capital Increase
Adler Real Estate
EUR 21m
Joint Global Coordinator /
Joint Bookrunner
OCT 2014
IPO
Rocket Internet
EUR 1.4bn
Joint Global Coordinator /
Joint Bookrunner
OCT 2014
Rights Issue
Westgrund
EUR 140m
Joint Global Coordinator /
Joint Bookrunner
SEP 2014
Secondary Placing
Rhon Klinikum
for
alecta
EUR 64m
Joint Bookrunner
AUG 2014
10% Capital Increase & Secondary Placing
EUR 73m
Sole Global Coordinator /
Sole Bookrunner
JUL 2014
Secondary Placing
Rhon Klinikum
for
Fresenius
EUR 160m
Sole Global Coordinator /
Sole Bookrunner
JUL 2014
Rights Issue
EUR 67m
Joint Bookrunner
JUN 2014
IPO
Braas Monier
EUR 470m
Joint Bookrunner
JUN 2014
IPO
Applus
EUR 1.2bn
Co-Lead Manager
MAY 2014
Pre-placement & Rights Issue
Porr
EUR 119m
Joint Global Coordinator /
Joint Bookrunner
APR 2014
Spin Off
Buwog
for
EUR 1.3bn
Co-Lead Manager
APR 2014
Secondary Placing (T-Shares)
Ceweprint
EUR 27m
Sole Global Coordinator /
Sole Bookrunner
APR 2014
Secondary Placing
STOCK
for
Oaktree
GBP 203m
Co-Lead Manager
APR 2014
Secondary Placing (T-Shares)
Vossloh
EUR 91m
Sole Global Coordinator /
Sole Bookrunner
MAR 2014
Secondary Placing
Hornbach
for
EUR 129m
Sole Global Coordinator /
Sole Bookrunner
MAR 2014
Secondary Placing
DKSH
CHF 44m
Sole Global Coordinator /
Sole Bookrunner
MAR 2014
Secondary Placing (T-Shares)
DMG MORI SEIKI
EUR 39m
Sole Global Coordinator /
Sole Bookrunner
MAR 2014
10% Capital Increase
Encavis AG (formerly Capital Stage AG)
EUR 17m
Sole Global Coordinator /
Sole Bookrunner
FEB 2014
10% Capital Increase
Wirecard
EUR 367m
Co-Lead Manager
FEB 2014
Capital Increase
Prime Office
EUR 130m
Joint Global Coordinator /
Joint Bookrunner
FEB 2014
Secondary Placing
Drillisch
EUR 69m
Sole Global Coordinator /
Sole Bookrunner
FEB 2014
Information:
IPOs