Corestate’s €75 Million Capital Increase


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 (Picture) and included Joseph W. Marx and Tina Zeller.

Inhouse Counsel for the transaction included Dr. Martin Kniehase (Head of Investment Banking Legal Continental Europe, Director) and Christian Wöckener-Erten (Investment Banking Legal, Associate Director).

Involved fees earner: Joseph Marx – McDermott Will & Emery; Simon Weiß – McDermott Will & Emery; Tina Zeller – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: Joh. Berenberg, Gossler & Co. KG;