Frankfurt/Main – Wiesbaden-based clearvise AG, which is listed on the Regulated Unofficial Market (Freiverkehr) in Düsseldorf, Hamburg and Munich, has successfully placed a total of 11,898,240 new no-par value bearer shares at a subscription price of EUR 2.10 per new share against cash contribution, making partial use of the existing Authorised Capital 2022. The shares not taken up in the rights offering were issued to institutional investors in an international private placement, likewise at a subscription price of EUR 2.10 per new share, with the placement being oversubscribed several times. The capital increase raised gross proceeds of around EUR 25 million. In line with clearvise’s clearSCALE2025 growth initiative, the company intends to use the proceeds to expand its portfolio of renewable energy generation plants, thus contributing to a sustainable transition to renewable energy. M.M.Warburg & CO acted as sole global coordinator for the capital increase.
A CMS team headed by lead partner Philipp Melzer advised the company and M.M.Warburg & CO as transaction counsel on all legal aspects of structuring, implementing and settling the rights issue. This comprised in particular preparing the securities prospectus and advising on the prospectus approval procedure. An international team from Germany, France, Finland and Ireland was involved in preparing the prospectus and advising on legal issues relating to the company’s energy projects in Germany and beyond.
clearvise AG is an independent electricity producer from renewable energy sources, with a diversified portfolio of plants across Europe. The established Bürgerwindaktie investment portfolio currently consists of wind farms and solar parks in Germany, France, Ireland and Finland as well as a biogas plant. With operational capacity of around 303 MW, clearvise produces green electricity from renewable energy sources. Based on a three-pillar strategy, the company is focusing on expanding its portfolio of onshore wind and PV plants in Europe and ensuring profitability.
CMS Germany
Philipp Melzer, Lead Partner, Frankfurt/Main
Dr Andreas Zanner, Partner, Frankfurt/Main
Patrick Damanik, Senior Associate, Frankfurt/Main
Dr Philipp Henneberg, Associate, Frankfurt/Main, all Capital Markets
Dr Niklas Ganssauge, Partner, Hamburg
Anastasia Shelestova, Senior Associate, Hamburg, both Renewable Energies
CMS France
Céline Cloché-Dubois, Partner, Neuilly-sur-Seine Cedex
Audrey Pichon-Varesio, Associate, Neuilly-sur-Seine Cedex
Arthur Cox LLP, Ireland
Aaron Boyle, Partner, Dublin
Niall Donnelly, Senior Associate, Dublin
James Downey, Associate, Dublin
Castrén & Snellman Attorneys Ltd., Finland
Miika Pinomaa, Partner, Helsinki
Tero Tuomisto, Partner, Helsinki
Uwe Uusitalo, Partner, Helsinki
Press Contact
presse@cms-hs.com
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