McDermott Advises Bantleon Group on the Sale of its Stake in LPKF

Overview


Frankfurt, May 28, 2020 – Led by Frankfurt partner Simon Weiß, McDermott advised the Bantleon Group on the sale of its shares in the SDAX-listed LPKF Laser & Electronics AG (“LPKF”) via an accelerated bookbuild process to institutional investors. The sale of shares consisted of an approximately 18.2% stake in LPKF held by German Technology AG, which is a subsidiary of the Bantleon Group, and a 10.4% stake held by Jörg Bantleon, owner of the Bantleon Group. The Bantleon Group had held a stake in LPKF since June 2016 and had been represented on the Supervisory Board by Dr. Markus Peters since 2017. Hauck & Aufhäuser acted as Sole Global Coordinator and Sole Bookrunner for the placement.

As an alternative to the placement via an accelerated bookbuild offering, the Bantleon Group had also implemented a structured M&A process to evaluate a potential sale of the entire 28.6% stake to strategic or financial investors. The McDermott team advising the Bantleon Group on this structured M&A process included Frankfurt partners Simon Weiß and Dr. Maximilian Clostermeyer.

LPKF Laser & Electronics AG is a supplier of laser-based solutions for the technology industry with a current market capitalisation of around Euro 530 million. The Bantleon Group is an asset and bond manager focusing on institutional investments with locations in Germany and Switzerland. The Bantleon Group manages 5.1 billion euros with 45 employees.

A McDermott team led by Simon Weiß advised Bantleon Group on the successful capital markets transaction together with Dr. Maximilian Clostermeyer (Corporate), Joseph M. Marx (US Capital Markets), Daniel von Brevern (Antitrust), Isabelle Müller (Corporate) and Tina Zeller (Corporate).

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