RIB Software AG relies on Noerr in capital increase and share placing
The law firm Noerr advised RIB Software AG (RIB) on a capital increase and the placing of the new shares. The Frankfurt capital markets lawyer Dr. Laurenz Wieneke led in the case.
The company completed the placement of all 3,871,541 newly issued shares from the 10% capital increase from its authorized capital resolved on 14 July 2014 at a price of EUR 12.50 per share. The transaction was led by Berenberg (Joh. Berenberg, Gossler & Co. KG) as sole global coordinator and sole bookrunner, along with equinet Bank AG as co-lead manager. Settlement of the transaction is scheduled for 17 July 2014. At the same time, all 2 million shares from the holdings of existing shareholders were sold.
The aim of the transaction is to increase the free float and the liquidity in the company’s shares. The company is planning to use the net offering proceeds in the amount of approximately EUR 46.6 million for further expansion, particularly the acquisition of software providers with a comparable or complementary range of services. In addition, the company intends to invest in big data technology.
A Noerr team advised RIB about three years ago on an IPO. On that occasion too, RIB relied on advice under the leadership of Laurenz Wieneke.
Advisor RIB Software AG: Noerr LLP
Dr. Laurenz Wieneke, Dominik Kloka (both capital markets law, Frankfurt)