McDermott Advises Bank Consortium on Capital Increase of ProCredit Holding

Overview

Frankfurt, 08. February 2018. – International law firm McDermott Will & Emery advised a bank consortium consisting of Joh. Berenberg, Gossler & Co. KG und equinet Bank AG on a capital increase of ProCredit Holding AG & Co KGaA. 5,354,408 newly issued shares were placed with qualified investors by way of an accelerated book-building process at a price of EUR 11.40 per new share, resulting in gross proceeds of approx. EUR 61 million. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange.

ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit Group, which consists of banks for small and medium enterprises (SMEs) and whose operational focus is on South-Eastern and Eastern Europe. In addition to this regional focus, the ProCredit Group is also active in South America and Germany.

McDermott previously advised on the company’s initial listing on the Frankfurt Stock Exchange in December 2016.

The McDermott team was led by Simon M. Weiß and comprised partner Joseph Marx as well as associate Anna Steudner (all Capital Markets, Frankfurt).

Adviser, Bank Consortium:
McDermott Will & Emery: Simon M. Weiß (Lead Management) and partner Joseph Marx as well as associate Anna Steudner (all Capital Markets, Frankfurt)

Adviser, ProCredit Holding AG & Co KGaA:

Freshfields Bruckhaus Deringer: Christoph Gleske and Esther Hackl

About McDermott

McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Cologne, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai. The German practice is led by McDermott Will & Emery Rechtsanwälte Steuerberater LLP. www.mwe.com.

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