McDermott Advised NFON on Issuance of a Warrant Bond


McDermott Will & Emery has advised NFON AG on issuing a warrant bond to Active Ownership Fund SICAV-FIS SCS as part of a private placement.

The bond bears interest at 6.00% p.a. for a term ending January 2, 2020 and was issued together with a warrant. The warrant entitles the holder to subscribe for 964,015 bearer ordinary shares from conditional capital, corresponding to 10% of the share capital of NFON AG. The nominal value of the bond with warrants is €5 million. Shareholders’ subscription rights were excluded.

NFON AG, headquartered in Munich, is the only pan-European cloud PBX provider (telephone systems from the cloud) and serves more than 30,000 customers in 15 European countries.

Active Ownership (AOC), headquartered in Luxemburg, is a partner-managed investment company with a focus on stock-listed, undervalued small- and mid-sized companies in the DACH region and in Scandinavia.

The McDermott team advising NFON AG was led by Frankfurt partner, Simon M. Weiß and included Joseph W. Marx, Maximilian Clostermeyer and Anna Steudner.

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