Allen & Overy advises Sartorius group on EUR1.4bn equity raising
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Dr Knut Sauer
Partner
Frankfurt am Main
Nadine Kämper
Counsel
Frankfurt am Main
Patrick Reuter
Associate
Frankfurt am Main
Olivier Thebault
Partner
Paris
Diana Billik
Partner
Paris
Carolyn Slauson Ali
Senior Associate
London
Mathieu Vignon
Partner
Paris
Virginie Chatté
Senior Associate
Paris
Agnès Salfray
Head of Marketing, Business Development & Communications
Paris
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In both placements, the shares were offered and sold exclusively to institutional investors by way of accelerated bookbuilding processes, with the exclusion of existing shareholders' subscription rights. Sartorius AG participated in SSB's capital increase by acquiring 1,716,739 new SSB shares for an aggregate amount of approximately EUR 400 million at the placement price of the SSB capital increase.
The net proceeds of both the treasury share placement and the capital increase are intended to accelerate the Sartorius group's debt deleveraging beyond strong internal cash generation and strengthen its overall strategic flexibility.
The German Allen & Overy team was led by partner Dr Knut Sauer and counsel Nadine Kämper and also comprised associate Patrick Reuter (all Equity Capital Markets, all Frankfurt). The team providing French law advice was led by partner Olivier Thebault and also comprised associate Jade Billère-Mellet (both Capital Markets, both Paris). Partner Diana Billik (Paris) and senior associate Carolyn Slauson Ali (London) advised on aspects of U.S. law. Partner Mathieu Vignon and senior associate Virginie Chatte (both Paris) advised on Tax aspects.