Gleiss Lutz is advising MPC Münchmeyer Petersen Capital AG (“MPC Capital”) on a subscription rights offering involving a pre-placement of shares with institutional investors. In the event of a full placement of the capital increase, the Hamburg-based asset and investment manager would receive gross proceeds of approx. EUR 36.5 million. MPC Capital plans to use the funds from the capital increase to finance the company’s further growth through equity investments in new real investment products by way of co-investments.
MPC Capital’s share capital is to be raised by around 25 percent to up to EUR 30,427,916.00 as part of the capital increase. For this purpose, a total of up to 6,085,583 new shares shall be issued. 3,560,229 of these shares were already placed with selected institutional investors by means of pre-placement at EUR 6.00 per share. The partial implementation of the capital increase following the pre-placement was entered in the commercial register today. The remaining new shares are expected to be offered to shareholders for subscription between 14 September and 27 September 2016.
Berenberg is acting as sole global coordinator and, together with M.M.Warburg, as joint lead manager and joint bookrunner.
MPC Capital has been advised by the following team of Gleiss Lutz lawyers: Dr. Stephan Aubel (lead, partner), Alexander Gebhardt, Jan-Rasmus Roßkamp, Marina Stoklasa (all corporate and capital markets), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (both tax) as well as Sebastian Tusch (counsel, investments and capital markets) (all Frankfurt).
Gleiss Lutz has previously counselled MPC Capital on numerous occasions, most recently as sole legal adviser on the placement of a capital increase in March 2016. Gleiss Lutz also acted as sole legal adviser in connection with a capital increase in 2013, and in this capacity was in charge of drafting the prospectus approved by the Federal Financial Supervisory Authority, BaFin.
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