Noerr advises Isaria Wohnbau AG on capital increase and first delisting under new law

Noerr has advised Isaria Wohnbau AG on its capital increase carried out in connection with its takeover by the US private equity investor Lone Star. The cash raised amounted to around €53 million. At the same time, Noerr assisted the Munich-based project development company in cancelling the admission of its shares to trading on the regulated market of Frankfurt Stock Exchange. This was the first withdrawal from the stock market under the new rules on delisting which have been in force since the end of 2015. A team led by Noerr partners Dr Laurenz Wieneke and Dr Stephan Schulz acted for the project development company.

Noerr had already provided Isaria Wohnbau AG with comprehensive advice on the takeover by one of Lone Star’s affiliates as well as the takeover of the One Group in 2013.

Advisors to Isaria Wohnbau AG: Noerr LLP

Dr Laurenz Wieneke, Dr Stephan Schulz (both lead, Capital Markets), Dr Matthias Geurts, Dr Jens H. Kunz (both Regulatory)

Dr Dominik Kloka, Dominique Stütz (both Capital Markets, all Frankfurt)