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Noerr Newsroom Press Noerr advises DFV Deutsche Familienversicherung on a capital increase

Noerr advises DFV Deutsche Familienversicherung on a capital increase

7/7/2020

Noerr has advised DFV Deutsche Familienversicherung AG, the first Insurtech to be listed in Europe, on its successful capital increase.

The capital increase against cash contributions was carried out using approved capital while excluding shareholders’ subscription rights. Using an accelerated bookbuilding process, a total of 1,326,160 new shares were placed with institutional investors as part of a private placement at a price of EUR €24.40 per new share; this corresponds to 10% of the previous share capital.

The capital increase generates around €32.4m in gross issue proceeds. The company will use the net proceeds to continue its current growth strategy, including the establishment of new risk carriers and the expansion of the product portfolio.

Noerr already advised the company in the past on its successful IPO and on its first virtual general meeting.

Advisors to DFV Deutsche Familienversicherung: Noerr LLP

Dr Julian Schulze De la Cruz (team lead), Dr Holger Alfes (both Capital Markets, Frankfurt)

Associates: Dr Philip M. Schmoll, Thomas Thies (both Capital Markets, Frankfurt)

Advisors US law: Travers Smith LLP

Dan McNamee, Brent Sanders

  • Schulze De la Cruz

    Dr Julian Schulze De la Cruz

    Rechtsanwalt (Lawyer)
    T +49 69 971477213

  • Holger Alfes

    Dr. Holger Alfes, LL.M.

    Lawyer, attorney and counselor at law (New York)
    T +49 69 971477231

  • Philipp Schmoll

    Dr Philip M. Schmoll

    Rechtsanwalt (Lawyer)
    T +49 69 971477252

  • Thomas Thies

    Thomas Thies, LL.M.

    Lawyer (Rechtsanwalt)
    T +49 69 971477 213

  • Matthias Schulte

    Matthias Schulte

    PR-Manager
    T +49 69 971477418

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