Ashurst has advised Commerzbank Aktiengesellschaft (Commerzbank) and M.M.Warburg & CO KGaA (M.M.Warburg) on the successful capital increase of DEUTZ AG, a leading SDAX-listed company in the engine industry, with gross proceeds of approximately €72 million. This corresponds to a 10 per cent increase in the existing share capital of DEUTZ AG.
The capital increase was carried out as a private placement by way of an accelerated bookbuilding process (ABB), making partial use of the authorised capital of DEUTZ AG and excluding the subscription rights of existing shareholders.
DEUTZ AG intends to use the net proceeds from the issue to continue to drive forward its corporate strategy through inorganic growth.
Commerzbank and M.M.Warburg acted as Joint Global Coordinators and Joint Bookrunners.
The Ashurst team was led by partner Matthias von Oppen, supported by counsel Valentin Pfisterer and associate Christoph Tornau (all Corporate Transactions, Frankfurt).
On the Commerzbank side, Dr Bernd Singhof provided legal advice on the transaction.
