CMS advises NFON AG on successful capital increase

Frankfurt/Main – Munich-based NFON AG has placed 1,505,555 shares with institutional investors in an accelerated bookbuilding process at a placement price of EUR 17.50 per share. The company, which is listed on the Regulated Market in Frankfurt (Prime Standard), raised gross proceeds of around EUR 26.3 million. The net proceeds from issuing the new shares are earmarked for investment in growing the company, in particular developing the product portfolio through internal development projects or technology joint ventures, expanding the pan-European partner network, and various marketing activities. The sole global coordinator and sole bookrunner was Berenberg.

A CMS team headed by lead partner Philipp Melzer advised NFON AG on all legal aspects of structuring and implementing the capital increase. The same team previously advised the company on its IPO in 2018.

NFON AG, which is headquartered in Munich, is the only pan-European cloud PBX provider. Its customers include more than 40,000 companies across 15 European countries. NFON’s Cloudya product offers an easy-to-use, independent and reliable solution for modern cloud-based business communications. Other premium and industry solutions complement the cloud communication portfolio.

CMS Germany

Philipp Melzer, Lead Partner, Frankfurt
Dr Andreas Zanner, Partner, Frankfurt
Jörg Baumgartner, Lead Counsel, Frankfurt, all Banking & Finance

Press Contact
presse@cms-hs.com