SigmaRoc plc 2017
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
Xeros Technology Group 2017
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
Deutsche Konsum REIT-AG 2017
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
Sabre Insurance Group plc 2017
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
Aumann AG 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
The City Pub Group plc, November 2017
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
Victoria plc 2017
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
Befesa S.A., November 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
HelloFresh SE, November 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
Eurofins Scientific SE, Oktober 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
Keywords Studios plc, Oktober 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
Aroundtown SA, Oktober 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
VARTA AG, Oktober 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
Hapag-Lloyd AG, Oktober 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
Solutions 30 SE 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
Alpha Financial Markets Consulting plc, Oktober 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
Feintool International Holding AG
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
CORESTATE Capital Holding S.A. September 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
Sirius facilities 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
Taptica 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
Hapaq-Lloyd, Juli 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
SNP 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
Zur Rose Group 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
Waberer's, Juni2017
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
Delivery Hero, Juni 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
Vapiano, Juni 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
Grand City, Juni 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
Tom Tailor, Juni 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
Rocket Internet, Juni 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
BUWOG Group, Juni 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
Boozt, Mai 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
Telit, Mai 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
Keywords, Mai 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
Aroundtown, Mai 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
Telit, Mai 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
Eventim, April 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
Cosmo, März 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
Griffin Premium, März 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
XLMedia, März 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
Aumann, März 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
Zeiss, März 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
The Gym, März 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
Encavis AG (formerly Capital Stage AG) 2017 März
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
Sirius facilities, März 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
TAG Immobilien AG 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
Corestate 2017 FEB
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
Agrana, Februar 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
dfs, februar 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
XLMedia 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
Cyfrowy Polsat, Januar 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
Porr, Januar 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