Fastned B.V.’s EUR 150 Million Capital Raise

Clifford Chance has advised Berenberg as financial adviser in relation to Fastned B.V.’s successful EUR 150 million accelerated bookbuild capital raise.

Fastned is a provider of fast charging services to drivers of electric vehicles and operates a pan-European network of 133 fast charging stations. The capital raised will allow Fastned to expand the capacity of its existing stations, to build 164 new stations and fund capital expenditure for significant upcoming government related tenders, including in France and Germany, as well as for general corporate purposes.

The offering consists of 1,875,000 new depositary receipts of ordinary shares, representing approximately 12.5% of Fastned’s existing issued share capital, which were placed at a price of EUR 80 each (resulting in gross proceeds of EUR 150 million). Settlement of the offering and admission to listing and trading of the new depositary receipts on Euronext Amsterdam has taken place on Tuesday 2 March 2021. 

The Clifford Chance cross-border team consisted of Han Teerink (Picture), Hans Beerlage and Tom Smeele in Amsterdam and Alex Bafi, Olivier Plessis and Ryan Bosch in Paris.

Involved fees earner: Alex Bafi – Clifford Chance; Hans Beerlage – Clifford Chance; Ryan Bosch – Clifford Chance; Olivier Plessis – Clifford Chance; Tom Smeele – Clifford Chance; Han Teerink – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Berenberg Bank – Joh Berenberg Gossler & Co;

Author: Federica Tiefenthaler