Noerr advises fintech company MyBucks on capital increase

Noerr has again advised the fintech company on a cash capital increase. The Noerr partners Julian Schulze De la Cruz and Holger Alfes acted comprehensively as transaction counsel bother the company and the issuing bank Hauck & Aufhäuser Privatbankiers AG.

The company’s share capital was increased to €12,965,613 in total by issuing 1.3 million new shares. The new shares were offered in a private placement excluding the subscription rights of existing shareholders. Existing shareholders and investors had already undertaken to buy new shares prior to the capital increase. The proceeds of €11.7 million generated by the capital increase are to be used by the company to reduce the overall refinancing costs, significantly increase the lending volume provided and drive the company’s growth.

MyBucks offers seamless technology-based financial services in twelve African and two European countries, as well as in Australia. The fintech company, which is headquartered in Luxembourg, regularly relies on the advice of Noerr’s capital markets experts. A team led by Holger Alfes and Julian Schulze De la Cruz, for example, already advised MyBucks on the successful placement of a corporate bond and on the company’s IPO on the Frankfurt Stock Exchange.

Advisers to MyBucks S.A. and Hauck & Aufhäuser Privatbankiers AG: Noerr LLP

Dr Julian Schulze De la Cruz and Dr Holger Alfes (joint team lead), Philip M. Schmoll (all Capital Markets, Frankfurt)

Advice on Luxembourg law:

Loyens & Loeff: Thierry Lohest, Luis A. Aguerre Enríquez, Cédric Raffoul