Allen & Overy advised Senvion S.A. (Luxembourg) (“Senvion”), a leading global manufacturer of onshore and offshore wind turbines, on its successful capital increase involving the issuance of 8,116,883 new ordinary shares. The shares were sold exclusively to institutional investors by way of private placement in an accelerated bookbuild offering.
The new shares were included in the listing of Senvion’s shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from today, August 20, 2018.
In the private placement, Senvion’s major shareholders, CCP II Acquisition Luxco S.à r.l. and CCP III Acquisition Luxco S.à r.l., affiliates of funds managed by Centerbridge Partners, L.P., purchased 4,870,130 of the new shares. The gross proceeds resulting from the transaction amount to EUR 62.5 million.
Senvion develops, produces and markets wind turbines for almost any location, with rated outputs of 2 megawatts (“MW”) to 6.33 MW and rotor diameters of 82 meters to 152 meters. Senvion also offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction.
Joh. Berenberg, Gossler & Co. KG acted as sole underwriter.
The Allen & Overy team was led by partner Marc O. Plepelits and included partner Dr Knut Sauer and associates Rita Nicole Thomas and Nadine Kämper (all Equity Capital Markets, Frankfurt). Counsel Dr Katharina Stüber (Corporate, Frankfurt) advised on compliance with the Market Abuse Regulation. Partner Frank Mausen, senior associate Serge Zeien and junior associate Deborah Bagoudou (all International Capital Markets, Luxembourg) and counsel Jacques Graas and associate Victoria Woestmann (both Corporate, Luxembourg) advised on Luxembourg law.
The original press release can be found here on Allen & Overy’s website.