Shop Apotheke’s €75 Million Convertible Bonds Offering

Hogan Lovells advised Shop Apotheke Europe N.V., a leading online pharmacy in Europe, on the placement with institutional investors of senior unsecured convertible bonds, with a maturity of five years in a denomination of € 100,000 each.

The Bonds bear interest at a rate of 4.500% p.a. payable semi-annually in arrear. The initial conversion price has been fixed at € 46.6864, corresponding to a premium of 25.0% above the volume-weighted average share price of the share in the share capital of the Company during the bookbuilding process on 12. April 2018. The net proceeds are primarily used to finance acquisitions in the OTC segment, mainly with focus on the German market in order to further accelerate the growth of the Company in the most developed market. In addition, proceeds are also used for general corporate purposes.

The Bonds are expected to be admitted to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

Joh. Berenberg, Gossler & Co. KG acted as Sole Global Coordinator and Sole Bookrunner.

Shop Apotheke Europe N.V. operates an online pharmacy. The company, led by Michael Koehler, Stephan Weber and Ulrich Wandel, in 2017 recorded €284 Million Sales.

Hogan Lovells advised Shop Apotheke Europe N.V. with Michael Schlitt (Picture), Susanne Lenz (Lead, Counsel), Dušan Stojkovic, Daria Latysheva (Senior Associates), Nona Naydenova, Laura-Shari Tiffert (Business Lawyers), Andreas Mildner, Michelle Pohl (all Corporate/Capital Markets), Victor de Vlaam (Partner), Leonie Huisman (Counsel), Aafke Pronk (Senior Associate), Chantalle Schoegje (Associate, all Corporate).

Involved fees earner: Michael Schlitt – Hogan Lovells; Susanne Lenz – Hogan Lovells; Dušan Stojkovi? – Hogan Lovells; Daria Latysheva – Hogan Lovells; Nona Naydenova – Hogan Lovells; Laura-Shari Tiffert – Hogan Lovells; Andreas Mildner – Hogan Lovells; Michelle Pohl – Hogan Lovells; Victor de Vlaam – Hogan Lovells; Leonie Huisman – Hogan Lovells; Aafke Pronk – Hogan Lovells; Chantalle Schoegje – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Shop Apotheke Europe N.V. ;

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