Gleiss Lutz is advising SLM Solutions Group AG on its IPO on the Prime Standard segment of the regulated market of the Frankfurt Stock Exchange.
A total of up to 11,248,282 shares will be offered for sale within a price range from EUR 18.00 to EUR 23.00 per share from 28 April 2014 until around 8 May 2014 as part of a public offer in the Federal Republic of Germany and the Grand Duchy of Luxembourg as well as in the form of private placements in further jurisdictions, including an offer to qualified institutional buyers (QIBs) in the USA. The offer consists of up to 4,166,667 new shares from a capital increase approved by the company’s shareholders’ meeting, 5,732,596 shares from the holdings of existing shareholders and 1,349,019 shares from the holdings of existing shareholders with respect to a potential over-allotment. The gross proceeds from the offer will amount to up to EUR 238 million. Of this, around EUR 75 million will accrue to the company from the placing of the new shares.
Credit Suisse and Deutsche Bank are acting as joint global coordinators and joint bookrunners.
SLM Solutions is a leading supplier of metal-based additive manufacturing technology (also commonly referred to as “3D printing”). The company focuses on the development, assembly and sales of machines and integrated system solutions in the field of selective laser melting (SLM), vacuum and metal casting. The products are used worldwide by customers from the aerospace, energy, healthcare and automotive industries.
SLM Solutions is being advised by the following team of Gleiss Lutz lawyers: Dr. Stephan Aubel (lead, partner), Alexander Gebhardt, Jan-Rasmus Roßkamp, Vanessa Maier, Michael Obst (all capital markets, Frankfurt), Dr. Herwig Lux (counsel), Linda Bittner (both IP, Stuttgart), Dr. Burghard Hildebrandt (partner), Dr. Jacob von Andreae, Dr. Eva Koch (all public law, Düsseldorf), Dr. Stefan Mayer (partner), Melanie Nadler (both tax, Frankfurt), Dr. Moritz Holm-Hadulla (antitrust, Stuttgart), Dr. Thomas Winzer (partner), Verena Hechenblaikner (both employment, Frankfurt).
Gleiss Lutz worked with Peter Castellon (partner) and Dr. Max Kirchner (senior counsel, both London) from the capital markets team of Proskauer Rose LLP in connection with the offer in the USA.
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