NFON AG’s EUR 26.3 Million Capital Increase

NFON AG's EUR 26.3 Million Capital Increase

CMS advised NFON AG on all legal aspects of structuring and implementing the capital increase. Ashurst advised Joh. Berenberg, Gossler & Co. KG.

Munich-based NFON AG has placed 1,505,555 shares with institutional investors in an accelerated bookbuilding process at a placement price of EUR 17.50 per share. The company, which is listed on the Regulated Market in Frankfurt (Prime Standard), raised gross proceeds of around EUR 26.3 million. The net proceeds from issuing the new shares are earmarked for investment in growing the company, in particular developing the product portfolio through internal development projects or technology joint ventures, expanding the pan-European partner network, and various marketing activities. The sole global coordinator and sole bookrunner was Berenberg.

NFON AG, which is headquartered in Munich, is the only pan-European cloud PBX provider. Its customers include more than 40,000 companies across 15 European countries. NFON’s Cloudya product offers an easy-to-use, independent and reliable solution for modern cloud-based business communications. Other premium and industry solutions complement the cloud communication portfolio.

CMS team included Philipp Melzer (Picture), Lead Partner, Frankfurt, Dr Andreas Zanner, Partner, Frankfurt and Jörg Baumgartner, Lead Counsel, Frankfurt, all Banking & Finance.

The Ashurst team was led by partner Matthias von Oppen (Corporate Transactions). He was assisted by partner Dr Gerrit Clasen (Stock Corporation Law) and senior associate Dr Valentin Pfisterer (Corporate Transactions). Ashurst regularly acts for Berenberg in relation to corporate finance matters.

Involved fees earner: Gerrit Clasen – Ashurst; Valentin Pfisterer – Ashurst; Matthias Von Oppen – Ashurst; Jörg Baumgartner – CMS Hasche Sigle; Philipp Melzer – CMS Hasche Sigle; Andreas Zanner – CMS Hasche Sigle;

Law Firms: Ashurst; CMS Hasche Sigle;

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

Author: Federica Tiefenthaler