CM.com’s EUR 31.8 Million Capital Raise


Clifford Chance advised ABN AMRO Bank N.V., Coöperatieve Rabobank U.A. (together with its distribution partner Kepler Cheuvreux S.A.) and Jefferies International Limited on the deal.

ABN AMRO, Rabobank and Jefferies acted as Joint Global Coordinators and Joint Bookrunners in relation to the accelerated bookbuild offering of ordinary shares in the capital of Dutch listed company CM.com N.V. CM.com provides Conversational Commerce services from its cloud platform that connects enterprises and brands to the mobile phones of billions of consumers worldwide.

Launch of the accelerated bookbuild offering took place on Tuesday 15 September 2020, with pricing taking place on Wednesday 16 September 2020. The offering consisted of 2,120,000 new ordinary shares, priced at EUR 15 per share, which represent approximately 8% of CM.com’s existing issued share capital and resulted in a total deal size of EUR 31.8 million. The proceeds from the offering will be used by CM.com to fund potential acquisition opportunities fueling CM.com’s accelerated growth strategy and for general corporate purposes. Settlement of the offering and admission to listing and trading of the new ordinary shares on Euronext Amsterdam is expected to take place on Friday 18 September 2020.

The Clifford Chance team on the transaction comprises Han Teerink (Picture), Katja Busuladic and Marina Sarkisjan from the Amsterdam office with Olivier Plessis, Alex Bafi and Ryan Bosch from the Paris office providing US securities laws advice.

Involved fees earner: Alex Bafi – Clifford Chance; Ryan Bosch – Clifford Chance; Katja Busuladzic – Clifford Chance; Olivier Plessis – Clifford Chance; Marina Sarkisjan – Clifford Chance; Han Teerink – Clifford Chance;

Law Firms: Clifford Chance;

Clients: ABN AMRO Bank N.V; Coöperatieve Rabobank; Jefferies International Limited;