News | Corporate Finance

Tuesday 17th July 2007

SJ Berwin LLP advised longstanding client Deutsche Beteiligungs AG as well as its parallel funds on the successful IPO of Homag Group AG at the Frankfurt stock exchange.

Homag Group AG, according to own estimates, the leading manufacturer and provider of machinery, facilities and services for the wood manufacturing industry and prefabricated houses in terms of turnover (in 2006 approx. 736,5 million Euro), was successfully listed on the prime standard of the Frankfurt stock exchange on 13 July 2007. Initial quotation was at Euro 32 i.e. one Euro above the issue price of Euro 31.

In the course of the IPO, a total of 6.897.215 shares (including greenshoe option of the banks) will be offered, up to 1.126.655 shares stemming from a capital increase and up to 4.870.923 existing shares of current shareholders. The total volume of the emission amounts to approx. 214 million Euros of which approx. 35 million Euros went to Homag.

In the course of the IPO of Homag Group AG, Deutsche Beteiligungs AG has sold 45% of its largest portfolio investment. Following the placement (assuming full exercise of the greenshoe option by the banks) DBAG will hold 15,5% and its parallel funds will hold a participation of 15% in the company.

Munich corporate partner Thomas Pauls already advised DBAG and its parallel funds on the acquisition of a majority shareholding in Homag Group AG last year. SJ Berwin has now advised DBAG and its parallel funds as majority shareholder of the company on all legal aspects (in particular corporate and capital market aspects) in connection with the IPO.

The SJ Berwin team, led by corporate partner Thomas Pauls (Munich), also comprised of corporate partner Dr. Christoph Brenner (Munich), counsel Dr. Frank Regelin (ECM, Frankfurt), Dr. Jan-Dirk Heerma (Partner, IP, Berlin), Dr. Holger Thomas (Partner, labour law, Frankfurt) and associates Stefan Sebastiani (corporate, Munich) and Dr. Sascha Grimm (ECM, Frankfurt).

For further information please contact:

Thomas Pauls, Corporate Partner on +49 (0)89 89081 0 or by emailing thomas.pauls@sjberwin.com

Ann-Charlott Steinbrück, Marketing & Communication on +49 (0)69 50 50 32 318 or by emailing ann-charlott.steinbrueck@sjberwin.com

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