Ham­burg/Frank­furt – KKR has today announced a voluntary public takeover offer made to all the other shareholders of Encavis AG of EUR 17.50 per share in cash. This represents a transaction volume of around EUR 2.8 billion. Family-owned business Viessmann GmbH & Co. KG will participate as co-investor in the KKR-led consortium. The offeror has signed binding agreements with Abacon Capital GmbH and other major shareholders holding around 31% of the total share capital. These shareholders will continue to be long-term investors in the company indirectly through a stake in the offeror’s corporate structure. Encavis and the offeror have signed an investor agreement on the key points of the transaction. In line with the investor negotiations, the consortium will support the strategic ambitions of Encavis to accelerate growth. The offer document will be submitted by the offeror within the next two weeks for approval by the German Federal Financial Supervisory Authority (BaFin). Completion of the transaction is subject to a minimum acceptance threshold and regulatory approvals, among other conditions. CMS advised Encavis on the investor agreement via a team headed by Dr Henrik Drinkuth and Ayleen Görisch, together with Freshfields Bruckhaus Deringer, and will advise the Encavis management board on all legal aspects of the takeover offer. The company is a longstanding CMS client. CMS Germany Dr Henrik Drinkuth, Partner Ayleen Görisch, Counsel, both Lead Dr Hendrik Quast, Senior Associate, all Corporate/M&A Christoff Soltau, Partner Kai Neuhaus, Partner Dr Robert Bodewig, Senior Associate David Rappenglück, Associate, all Antitrust, Competition & Trade Philipp Melzer, Partner Hatice Akyel, Counsel Patrick Damanik, Senior Associate, all Banking, Finance & Insurance Encavis Natalie Grüber (Head of Legal)Press Con­tact presse@cms-hs. com

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...

Frankfurt/Main – hep solar projects GmbH is offering a Green Bond 2023/2028 with a total volume of up to EUR 30 million as part of a public offering in Luxembourg, Germany and Austria. The security...

Listing Criteria - Frankfurt Stock Exchange - Regulated Market Type The Regulated Market of the Frankfurt Stock Exchange (FSE), which is operated by Deutsche Börse AG, is the biggest EU-regulated market...

Sus­tain­ab­il­ity-linked financing is still in its infancy, but it is already an integral part of today's financing landscape and looks set to remain into the future. Plenty of data and information exists, particularly on the KPIs of sus­tain­ab­il­ity-linked financings, but it is scattered. In this guide we have compiled, analysed and commented on all aspects of sus­tain­ab­il­ity-linked financing to give you access to everything you need to know.

Frankfurt/Main – Slovenia’s SID Bank (SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana) has issued an unsecured fixed income bond under German law worth EUR 140 million with a seven-year...

Frank­furt/Main– Lübeck-based Hypoport SE, which is listed on the Prime Standard, has successfully issued 378,788 new shares as part of a private placement in an accelerated bookbuilding process, making...

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...

Hamburg – KfW IPEX-Bank is providing EUR 70 million of financing for a maintenance depot to be built by regional railway company Hessische Landesbahn. The funds will be raised in the form of a fixed...

Frankfurt/Main – The shareholders of M.M. Warburg & CO Hypothekenbank AG, namely M.M. Warburg & CO (AG & Co.) KGaA (60%) and Landeskranken­hil­fe V.V.a.G. (40%), have sold all their shares in Warburg...

1. Prospectus requirement Offer to the public. Admission to trading of securities on a regulated market. 2. Prospectus exemptions Key exemptions Offer to the publicQualified Investors. Less than 150...