Equity Capital Markets Transactions

ASOS is an online-only fashion retailer targeted at the 20-something age group. It sells both own-brand clothing (c40% of sales) and more than 800 third-party brands.

Company: ASOS Plc
Ticker: ASC LN
Country: United Kingdom
Sector: Online Retail
Listing: London Stock Exchange (Main Market)

Market Cap pre Transaction: c. GBP 420m
Offering: GBP 75m
Offer price: 418.1 pence
Use of proceeds: To provide increased flexibility against a challenging macro-economic backdrop and the stability to focus on long-term value creation

Berenberg Role: Joint Bookrunner

Syndicate:

• Joint Global Coordinator and Joint Bookrunners: J.P. Morgan, Numis
• Joint Bookrunner: Berenberg

Timing:

• Launch date: 25 May 2023
• Trade date: 26 May 2023 (Pricing & Allocation)
• Expected Settlement: 31 May 2023 (T+2)

Fastned is a Dutch company that specializes in building and operating a network of electric vehicle charging stations. It aims to accelerate the transition to sustainable transportation by providing convenient and reliable charging infrastructure for electric cars.

Ticker: FAST

Country: The Netherlands

Sector: Energy

Listing: Euronext Amsterdam

Market Cap pre transaction : c. EUR 670m

Offer structure: Placement of 600,000 existing depositary receipts of ordinary shares in a private sale on behalf of Fastned founders Michiel Langezaal and Bart Lubbers

Berenberg Role: Sole Global Coordinator

Syndicate: Berenberg as Sole Global Coordinator & Sole Bookrunner

Timing:

• Pricing and allocation: 23 May 2023
• Trade date (T): 23 May 2023
• Settlement (T+2): 25 May 2023

Founded in 1987, Biobest is a global leader in sustainable crop management and bumblebee pollination. The company acts as a one-stop-shop provider, offering Integrated Pest Management (IPM) solutions for high value crops, ranging from living organisms to biopesticides.

Country: Belgium

Sector: AgTech

Deal type: Funding Round

Investment size: EUR 98.5m

Use of Proceeds: Support future development of the Company, accelerate Biobest’s M&A strategy

Berenberg Role: Exclusive Financial Advisor

Timing: February 2023

Company: Corre Energy BV

Ticker: CORRE ID

Country: Ireland

Sector: Energy Storage

Listing: Euronext Growth Dublin

Market Cap pre Transaction: c. EUR 265m

Offering: EUR 9m

Offer price: EUR 3.50 per share

Use of proceeds: To enable Corre Energy to continue the development of its flagship projects in response to rapidly fast-tracking Government policies supporting electricity/ energy storage, alongside options to progress exclusivity on promising European & North American projects as well as general corporate purposes

Berenberg Role: Joint Bookrunner

Syndicate: Berenberg, Davy, Longspur

Timing:

• Launch: 22 February 2023
• Pricing: 23 February 2023
• Settlement: 27 February 2023

4C Group

Founded in 2000, 4C Group is a Swedish provider of operational resilience and military training management solutions. With its proprietary, NATO-accredited, Exonaut software platform and complementary expert services, 4C serves over 150 customers including several armed forces and blue-chip corporates globally.

Ticker: 4C SS

Country: Sweden

Sector: Software

Listing: Nasdaq First North Premier Growth Market Stockholm

Market Cap: c. SEK 1.2bn

Offer structure: Placement of 3,640,655 existing shares

Berenberg Role: Joint Bookrunner

Timing:

• Pricing: 22 February 2023

IONOS is the leading European digitalization partner for small and medium-sized businesses. The company serves around six million customers and operates across 18 markets in Europe and North America, with its services being accessible worldwide.

Country: Germany

Sector: Software

Listing: Frankfurt Stock Exchange (Prime Standard)

Offer Structure:

• Total: 24,150,000 shares (c. EUR 447m)
• Secondary: 21,000,000 shares (c. EUR 389m)
• Greenshoe (secondary): 3,150,000 shares (c. EUR 58m)

Final Offer Price: EUR 18.50 per share

Initial Price Range: EUR 18.50 – 22.50 per share

Market Cap at IPO: EUR 2.6bn

Selling shareholder: United Internet AG, Warburg Pincus

Berenberg Role: Senior Joint Global Coordinator & Joint Bookrunner

Syndicate: Berenberg, J.P. Morgan, Deutsche Bank (Senior Joint Global Coordinators and Joint Bookrunners), BNP Paribas (Junior Joint Global Coordinator and Joint Bookrunner), Barclays, Goldman Sachs (Joint Bookrunners), Commerzbank, DZ Bank, LBBW (Co-Lead Managers)

Timing:

• ITF: 17 January 2023
• Investor Education: 17 January – 26 January 2023
• Bookbuilding: 30 January – 07 February 2023
• First Day of Trading: 08 February 2023

Yellow Cake Plc

Yellow Cake is a London-listed company that offers pure exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical uranium in storage in North America. It may also seek to add value through the acquisition of uranium royalties and streams.

Company: Yellow Cake Plc

Ticker: YCA LN

Country: United Kingdom

Sector: Natural Resources

Listing: London Stock Exchange (AIM)

Market Cap pre Transaction: c. GBP 780m

Offering: USD 75m / GBP 62m

Offer price: GBP 4.12

Use of proceeds: To fund the purchase of U308 uranium from Kazatomprom, partially utilising the Company’s purchase option for calendar year 2022 at a price of US$48.90/lb, as well as general corporate use and working capital

Berenberg Role: Joint Bookrunner

Syndicate: Berenberg, Cantor Fitzgerald, Canaccord Genuity

Timing:

• Launch: 02 February 2023

• Pricing: 03 February 2023

• Settlement: 07 February 2023

CPI is a pure-play on healthcare real estate owning a €1.1bn fully occupied and long-term leased Pan-European portfolio.

Ticker: CPINV

Country: Belgium

Sector: Real Estate

Listing: Euronext Brussels

Market Cap pre transaction: c. EUR 444m

Offer structure: c. 9.25m primary shares (c. EUR 111m)

Subscription Price: EUR 12.00 per share

Subscription Ratio: 1x3

Berenberg Role: Joint Bookrunner

Syndicate: Joint Global Coordinators and Joint Bookrunners: ABN AMRO, Belfius, Joint Bookrunners: Berenberg, KBC

Timing:

• Start of Rights Issue: 11 January 2023
• Ex-Rights date: 12 January 2023
• Subscription period: 12 January 2023 – 19 January 2023
• Rights trading: 12 January 2023 – 20 January 2023
• Results announcement: 20 January 2023
• First day of trading of new shares: 24 January 2023

Hypoport is a founder owned-and-led business that operates a network of technology companies serving the German credit, real estate and insurance industries.

Ticker: HYQ GY

Country: Germany

Sector: Diversified Financials

Listing: Regulated Market of Frankfurt Stock Exchange (Prime Standard)

Market Cap pre Transaction: c. EUR 975m

Offer Structure: 378,788 primary shares (c. EUR 50m)

Issue Price: EUR 132.00 per share

Use of Proceeds: The Company intends to use the net proceeds from the capital increase to realise growth opportunities in the current phase of upheaval in a mortgage finance market.

Berenberg Role: Sole Global Coordinator & Sole Bookrunner

Timing:

• Launch: 19 January 2023
• Pricing: 20 January 2023
• First Day of Trading: 27 January 2023

Enpal is a German-based solar solutions provider with over 30,000 customers.

Country: Germany

Sector: Renewable Energy

Deal type: Growth Funding

Investment size: EUR 215m

Use of Proceeds: Addition of new products, expansion to new markets and further development of the company’s multi-awarded smart energy platform.

Berenberg Role: Exclusive Financial Advisor to Enpal

Timing: January 2023