Noerr advises investment manager Alpha Blue Ocean in connection with subscription of convertible bonds

Noerr has advised Alpha Blue Ocean Advisors in connection with the signing of an agreement between European High Growth Opportunities Securitization Fund (EHGO) and MOLOGEN AG. EHGO is a fund advised by Apha Blue Ocean Advisors.

Pursuant to this innovative agreement, MOLOGEN can, over the period of two years, require the Investor to subscribe for the convertible bonds of EHGO in an aggregate amount of up to EURO 12 million. The bonds will be issued in up to 24 tranches of EURO 500,000 each at MOLOGENS’s request. The right to request the issuance of a tranche is subject to the satisfaction of certain conditions. EHGO can convert the bonds at its discretion, the conversion being mandatory upon the lapse of 12 months from the issuance of the relevant tranche. The company intends to use the net proceeds for the financing the Company’s operations including the outsourcing of the production.

Berlin-based MOLOGEN AG is a leader in immunooncology & infectious disease immunotherapeutic solutions. The investor EGHO is financing provider based in Luxembourg focusing on financing highly innovative companies on a pan European basis. EHGO is exclusively advised by the investment manager Alpha Blue Ocean Advisors.

Advisors to Alpha Blue Ocean Advisors: Noerr LLP

Dr. Laurenz Wieneke and Dr. Julian Schulze De la Cruz (both Capital Markets, Frankfurt)

Other advisors to Alpha Blue Oean Advisors: JEANTET (Paris)