CMS advises Bechtle on placement of convertible bonds with total nominal value of EUR 300 million

Frankfurt/Main – Listed IT company Bechtle AG has successfully placed convertible bonds with a total nominal value of EUR 300 million and a seven-year term. The aim of the corporate action is to finance further growth of the Bechtle Group in Germany and beyond, including expansion driven by acquisitions.

A CMS team headed by lead partner Philipp Melzer advised the company on all legal aspects of structuring, implementing and settling the transaction. The convertible bonds were offered exclusively to institutional investors outside the US by way of an accelerated bookbuilding procedure. UniCredit and Commerzbank acted as joint global coordinators and joint bookrunners for the transaction.

Bechtle AG was established in 1983 and has its headquarters in Neckarsulm. It operates more than 85 IT system integrator businesses and IT e-commerce companies in 14 countries, making it one of Europe’s leading IT resellers. Bechtle supports its clients during their digital transformation and offers comprehensive cross-brand solutions for all aspects of IT infrastructure and IT operations. Bechtle is listed on both the MDAX and TecDAX, and generated sales of some EUR 6.03 billion in 2022.

CMS Germany

Philipp Melzer, Lead Partner, Banking & Finance
Dr Karsten Heider, Partner
Ayleen Görisch, Counsel, both Corporate / M&A
Patrick Damanik, Senior Associate, Banking & Finance

Press Contact
presse@cms-hs.com