McDermott Advises Friedrich Vorwerk Group SE on its IPO and listing on the Frankfurt Stock Exchange


Frankfurt, March 23, 2021 – McDermott Will & Emery advises Friedrich Vorwerk Group SE as issuer counsel in connection with its initial public offering and listing on the Regulated Market of the Frankfurt Stock Exchange.

A total of 9.2 million shares were placed at a price of €45 per share. The offering comprised 2.0 million new shares from a capital increase and 7.2 million from the holdings of existing shareholders MBB SE and ALX Beteiligungsgesellschaft mbH, including an over-allotment facility of 1.2 million. The total placement volume thus amounts to €414 million. The first trading day on the Regulated Market of the Frankfurt Stock Exchange is expected to be March 25, 2021.

Friedrich Vorwerk is a leading fully integrated solution provider for critical on-shore energy transportation and transformation infrastructure for the natural gas, electricity and hydrogen markets. Friedrich Vorwerk plans to use the expected primary gross proceeds of €90 million of the offering to significantly expand its business over the next few years, particularly in the electricity and clean hydrogen markets.

McDermott has a long-standing client relationship with the medium-sized, family-run business MBB SE, having already advised MBB´s subsidiary Aumann AG on its IPO on the Frankfurt Stock Exchange in 2017.

The team advising Friedrich Vorwerk Group SE is led by Frankfurt partners Simon Weiß and Joseph W. Marx (both Capital Markets) and included partner Philipp Grenzebach (Corporate – Dusseldorf), senior counsel Edwin C. Laurenson (Capital Markets – San Francisco, New York) as well as associates Isabelle Müller (Corporate – Frankfurt), Elena Platte (Corporate – Frankfurt), Christoph Schäfer (Corporate – Frankfurt) and Tom Schäfer (Corporate – Düsseldorf).

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