Heuking Kühn Lüer Wojtek advised mic AG on the deal.
Mic AG announced a cash capital increase. The company intends to use the gross issue proceeds of EUR 10,868,475 million to finance its acquisition of Pyramid Computer GmbH.
About 48 percent of the 3,622,825 new shares issued at EUR 3 per share, were subscribed under the indirect subscription rights of shareholders. The remaining 52 percent of the new shares were placed in a private placement with institutional investors and to oversubscription and DirectPlace orders. The private placement was three times oversubscribed. The new shares will be included in Frankfurt Stock Exchange’s Scale segment.
mic AG invests in young growth companies and in medium-sized companies in the IT, electronics, fiberoptics, and optics sectors. The current capital increase was carried out to finance the acquisition of Pyramid Computer GmbH. Jointly with the cash capital increase carried out in November 2020 with gross proceeds of EUR 6.7 million and the acquisition loan from UniCredit of EUR 5 million, the cash component for the acquisition of Pyramid Computer GmbH has been fully financed.
The Heuking Kühn Lüer Wojtek team included Boris Dürr (Picture – Lead, Corporate/M&A), Munich; Dr. Thorsten Kuthe (Capital Markets), Cologne; Anna Richter, LL.M. (Capital Markets), Cologne; Christian Schild, LL.M. (Queen Mary University of London); Dr. Christoph Küster (both Corporate /M&A), both Munich.
Involved fees earner: Boris Dürr – Heuking Kühn Lüer Wojtek; Christoph Küster – Heuking Kühn Lüer Wojtek; Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Anna Richter – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek;
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: mic AG;