Noerr advises windeln.de on further rights issue

A Noerr team lead by Hamburg-based partner Stephan Schulz has advised windeln.de SE on the preparation and implementation of a capital increase with subscription rights.

windeln.de SE is an online retailer for family products in Europe. The company also runs a successful e-commerce business selling baby and toddler products to clients in China. Noerr has been providing windeln.de with ongoing advice on equity and capital markets law since 2018, in particular the Company implemented several capital increases with the support of our firm during this period of time.

The 4,487,207 new shares that were issued in the recent rights issue at a subscription price of 1.30 Euro each were offered to the existing shareholders within the context of a public subscription offer without a prospectus and to selected investors in an international private placement. Quirin Privatbank AG was acting as settlement agent for the capital increase.

Advisors to windeln.de SE: Noerr Partnerschaftsgesellschaft mbB

Stephan Schulz (lead, Hamburg) Laurenz Wieneke (both capital markets, Frankfurt), Jens Kunz (banking supervisory law, Frankfurt), Dominik Kloka (capital markets, Frankfurt)

Sebastian de Schmidt (capital markets, Frankfurt)

Associates: Jan Hoffmann Linhard, Juri Stremel (capital markets, both Hamburg)