McDermott Advises Berenberg on Capital Increase of Corestate

Overview


Frankfurt, 21 September 2020 – McDermott advised Joh. Berenberg, Gossler & Co. KG as sole global coordinator on a capital increase of CORESTATE Capital Holding S.A. (CORESTATE).

A total of circa 4.2 million new shares at €17.82 per share were placed with selected qualified investors as part of an international private placement. The transaction totalling approx. €75 million increases the company’s share capital by 19.5%. The proceeds from the placement will be used primarily to reduce net financial debt in the short term.

CORESTATE is an investment manager and co-investor with approximately €28 billion in assets under management. The Luxembourg-headquartered company employs around 800 people in 42 offices, e.g. in Frankfurt, London, Madrid, Singapore and Zurich, and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange.

The McDermott team was led by Simon M. Weiß and included Joseph W. Marx and Tina Zeller.

Inhouse Counsel:

Dr. Martin Kniehase (Head of Investment Banking Legal Continental Europe, Director) and Christian Wöckener-Erten (Investment Banking Legal, Associate Director).

About McDermott


McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With more than 20 locations on two continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

Media Contacts