Noerr advises international investors on IPO of Mister Spex on the Frankfurt Stock Exchange

02.07.2021

Noerr has advised existing international investors on the initial public offering (IPO) of Mister Spex in Frankfurt. As of 2 July 2021, the shares of Mister Spex SE are being traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. Headquartered in Berlin, Mister Spex are the leading digitally native omnichannel opticians in Europe.

The IPO comprised around 9.8 million new shares from a capital increase by Mister Spex and around 3.3 million existing shares from the holdings of certain existing investors. In addition, a further approximately two million existing shares can be placed as part of an over-allotment. The total issue volume, including over-allotments, thus amounts to €375 million.

Key existing investors in Mister Spex, such as the investment companies Scottish Equity Partners, DN Capital, xAnge, Grazia Equity, High-Tech Gründerfonds and Büll Family Office, relied on a Noerr team for the IPO.

The advice on capital markets law in the run-up to the IPO included corporate governance issues and a new investor agreement (Shareholders’ Agreement) in connection with the conversion of Mister Spex GmbH into a German stock corporation and subsequently into a European company (SE). Furthermore, the Noerr team advised on all preparatory corporate action and structural measures of Mister Spex and the negotiation of the legal documentation in the context of the IPO, in particular for those investors who are participating in the IPO as selling shareholders. 

Noerr regularly advises issuers, investors and syndicate banks in the context of corporate actions. Most recently, Noerr advised on the IPOs of fashionette and Compleo Charging Solutions as well as various capital increases of companies including Befesa, CECONOMY, HelloFresh, Hertha BSC, The Social Chain and TUI.

Advisors to existing investors: Noerr

Felix Blobel (Private Equity, Berlin), Dr Ralph Schilha, Dr Julian Schulze de la Cruz (both Capital Markets, Munich and Frankfurt)

Associates: Anne-Kristin Schiller, Felix Link, Dr Philip M. Schmoll (all Capital Markets, New York, Munich, Frankfurt), Daniel Fuchs (Private Equity, Berlin)