McDermott Advises MainFirst Bank AG on Capital Increase of Leading Software Company – SNP

Présentation


FRANKFURT, 16 July 2020 – McDermott Will & Emery advised MainFirst Bank AG as sole bookrunner on a capital increase of SNP Schneider-Neureither & Partner SE (“SNP”) with gross proceeds totaling approximately €28 million.

A total of 610,000 new shares at a price of €46.00 per share were placed with institutional investors as part of an international private placement by means of an accelerated bookbuilding procedure. The new shares are fully entitled to dividends for the 2020 financial year and carry the same rights as the existing shares.

The proceeds from the capital increase will serve to strengthen the equity base of SNP and will provide financial flexibility to continue its growth strategy.

SNP, founded in 1994 and headquartered in Heidelberg, is one of the world’s leading providers of software for the management of complex digital transformation processes. The SNP Group has around 1,400 employees worldwide and generated Group revenue of approximately EUR145 million in the 2019 fiscal year.

The McDermott team was led by Simon M. Weiß and included Dr. Philipp Grenzebach, Joseph W. Marx, and – Marion von Grönheim.

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