Noerr advises Mutares on the successful placement of a 50 million euro bond (Nordic bond)

Noerr has advised the investment company Mutares SE & Co. KGaA, listed on the Scale 30 index of Deutsche Börse, on the successful placement of a secured bond (so-called Nordic bond). The bond with a volume of EUR 50 million was placed in full with institutional investors.

 

Mutares has applied for inclusion of the bond in the Open Market of the Frankfurt Stock Exchange and the Nordic ABM segment of the Oslo Stock Exchange. The bond has a maturity of four years and was issued under Norwegian law. The issue was supported by the investment bank Pareto Securities.

 

With this transaction Mutares aims to achieve more flexibility in strategically supporting its portfolio companies in their development and at the same time plans to continue its combined business model of operational turnaround management and acquisition-driven growth of its portfolio companies. As an active investor Mutares is specialised in the acquisition and realignment of companies and parts of companies with operational develop­ment potential. In 2018, Mutares' investments generated consolidated sales of EUR 865 million and employed more than 4,700 people worldwide.

 

Mutares relied on Noerr with a team led by partners Dr. Julian Schulze De la Cruz, Dr. Holger Alfes and Dr. Ralph Schilha to provide legal support for the bond issue and prepare the security documentation. Noerr regularly advises Mutares on stock corporation and capital markets law and most recently advised the investment company under the leadership of Dr. Ralph Schilha and Dr. Julian Schulze De la Cruz on the conversion of its legal form into a partnership limited by shares (KGaA).

 

 

Advisors to Mutares SE & Co. KGaA: Noerr LLP

Dr. Julian Schulze De la Cruz, Dr. Holger Alfes (both Capital Markets, Frankfurt), Dr. Ralph Schilha (Capital Markets, Munich), Sebastian Bock (Banking & Finance), Dr. Dominik Kloka (Capital Markets), Dr. Alexander Schilling (Banking & Finance, all Frankfurt)

 

Associates: Patrick Geist (Banking & Finance), Jens Michael Göb (Capital Markets, both Frankfurt)

Advisors on Norwegian law: Wikborg Rein