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Capital Stage AG completes successful 10% capital increase with CMS Support

25/04/2016

Frankfurt am Main – Capital Stage AG has successfully completed a 10% capital increase. The Hamburg-based company has acquired solar power plants and wind farms in Germany, France, Italy and the UK with a capacity of around 570 MWp since 2009, making it one of the largest independent solar park operators in Germany.

A team from CMS Hasche Sigle headed by lead partner Dr Andreas Zanner again advised Capital Stage AG on all aspects of structuring and implementing the transaction. The capital increase was supported by Bankhaus Lampe as sole global coordinator and sole bookrunner. Once again, Capital Stage AG has relied on the expertise of CMS lawyers, who successfully advised the company on previous capital increases and scrip dividends, as well as on other ECM and DCM transactions.

As part of a private placement, a total of 7,243,940 new no-par value bearer shares were placed by Bankhaus Lampe with international institutional investors, large shareholders represented on the supervisory board and with the company's management board, against a cash deposit and with shareholder subscription rights excluded. The placement price is EUR 6.75 per new share. The company generated gross proceeds from the transaction of around EUR 49 million, which is earmarked for continuing its growth strategy and maintaining a solid balance sheet over the long term.

CMS Hasche Sigle

Dr Andreas Zanner, Lead Partner
Stephan Parrandier
Patrick Damanik, all Capital Markets

Dr Jochen Schlotter, Stock Corporation Law

Frederike Volkmann, Corporate

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[email protected]

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Capital Stage AG completes successful 10% capital increase with CMS Support
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