Axiare Patrimonio’s €93.4 million capital increase

Uría Menéndez, Ernst & Young Abogados and Allen & Overy have advised on the deal

Axiare Patrimonio has successfully completed the share capital increase of a total aggregate amount of €93.4 million through an accelerated book-building offering.

Axia Real Estate SOCIMI, S.A. operates as a property investment company in Spain. The company, led by Luis Alfonso López de Herrera-Oria, was incorporated in 2014 and is based in Madrid, Spain.

The transaction has consisted in the issuance of 7,187,498 new shares of the Company (approximately a 9.99% of the Company’s share capital before the share capital increase), with an issue price of €13 per share which represents a discount of 2.6% on the closing price of 7 March 2017. Following the share capital increase, based on the current trading price, Axiare Patrimonio’s market capitalisation will exceed €1 billion.

Uría Menéndez and EY Law has advised Axiare Patrimonio

Uría Menéndez has advised with a team including Carlos Paredes (Picture), Javier Redonet, Jorge Carmona and Alfonso Bernar.

JB Capital Markets and Morgan Stanley acted as Joint Global Coordinators.

Citigroup and Deutsche Bank acted as Joint Bookrunners,

Allen & Overy has advised the Banks on the deal.

Involved fees earner: Carlos Paredes Galego – Uría Menéndez; Javier Redonet Sánchez del Campo – Uría Menéndez; Jorge Carmona Escudero – Uría Menéndez;

Law Firms: Uría Menéndez;

Clients: Axiare Patrimonio SOCIMI, S.A.;