Noerr advises windeln.de on successful capital increase with preemptive rights

Noerr has advised windeln.de SE on a capital increase with preemptive rights in return for cash contributions which included issuing 6,650,023 no-par-value bearer shares. Based on the stated subscription price of €1.48 per new share, gross proceeds amounted to around €10.1 million.

Existing shareholders subscribed to a total of 1,179,978 new shares. After the subscription period had expired, FinTech Group Bank AG placed another 5,670,045 new shares with qualified investors in a private placement. Having submitted binding written undertakings in advance, two new Asian investors contributed the equivalent of around €6.7 million for new shares. The new shares are expected to be admitted to trading on the regulated market (Prime Standard) in the second quarter of 2019.

The funds raised in the capital increase are intended to be used primarily to complete restructuring measures in Europe and increase growth in the Chinese market. windeln.de is one of Europe’s leading online retailers of family products.

Advisors to windeln.de SE: Noerr LLP

Stephan Schulz (lead, Hamburg), Dominik Kloka, Laurenz Wieneke (both Frankfurt, all Capital Markets), Matthias Geurts (Tax, Frankfurt), Evelyn Schulz (Digital Business, Dresden)

Associates: Ramon Sieven (Corporate/M&A), Jessica Hallermayer (Capital Markets), Anca David (Corporate/M&A, all Hamburg), Johann Bruder, Susann Jahn (both Digital Business, Dresden)