Serviceware SE’s €88.9 Million Initial Public Offering

Heuking Kühn Lüer Wojte advised Serviceware SE in its IPO in the Prime Standard segment of Frankfurt Stock Exchange.

The company started trading on April 20.

The offer was significantly oversubscribed. Total issue volume is EUR 88.9 million, of which the company will receive a gross amount of EUR 60 million. The IT company intends to use the funds for its expansion, to advance internationalization and to expand its sales activities to address large companies more effectively. COMMERZBANK Aktiengesellschaft and Hauck & Aufhäuser Privatbankiers Aktiengesellschaft acted as joint global coordinators and joint bookrunners in the transaction.

Serviceware SE, headquartered in Bad Camberg, is a leading provider of software solutions for the digitization and automation of service processes that enable companies to increase their service quality and efficiently manage service cost. Funded by Dirk K. Martin and Harald Popp and Employing a staff of 285, Serviceware serves more than 500 customers from various industries, including nine DAX companies and four of the seven largest German companies.

Heuking Kühn Lüer Wojtek advised Serviceware SE with a team including Thorsten Kuthe (Picture), Christopher Görtz, Stefan Westerheide, Sascha Beck (Capital Markets), Helge-Torsten Wöhlert (Corporate) and Uwe Hartmann (Notary).

Involved fees earner: Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Christopher Görtz – Heuking Kühn Lüer Wojtek; Stefan Westerheide – Heuking Kühn Lüer Wojtek; Sascha Beck – Heuking Kühn Lüer Wojtek; Uwe Hartmann – Heuking Kühn Lüer Wojtek; Helge-Torsten Wöhlert – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Serviceware SE;