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Allen & Overy advises MAX Automation on capital increase in the amount of approx. EUR 50m

Author
Dr Knut Sauer

Partner

Frankfurt am Main

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Weiss Michael
Dr Michael Weiß

Partner

Frankfurt am Main

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Image of Jens Wagner
Dr Jens Wagner

Counsel

Munich

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Wandt Andre
Dr Andre Wandt

Counsel

Frankfurt am Main

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Kaemper Nadine
Nadine Kämper

Senior Associate

Frankfurt am Main

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Veronika Gaile
Veronika Gaile

Associate

Frankfurt am Main

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Image of Christina Koenig
Christina König

Associate

Frankfurt am Main

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Mueller Steffen
Steffen Mueller

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Frankfurt am Main

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14 April 2022

Allen & Overy has advised MAX Automation SE (MAX Automation) on the successful placement of its rights issue from authorised capital against cash contributions and a contribution in kind resolved on 28 March 2022.

A total of 11,783,766 new registered no-par value shares representing a pro-rata amount of share capital of EUR 1.00 each will be issued in partial utilisation of the authorised capital of the company. As a result, the share capital of the company will be increased from EUR 29,459,415.00 by EUR 11,783,766.00 (corresponding to approx. 40% of the current share capital) to EUR 41,243,181.00. The new shares will be fully entitled to dividends from 1 January 2021.

The new shares are expected to be included in the current stock quotation on the regulated market of the Frankfurt Stock Exchange and in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange on 21 April 2022.

MAX Automation SE with its registered office in Düsseldorf is a medium-sized finance and investment company focussing on the administration and acquisition of equity interests in growth companies in relevant niche markets. The company has been listed in the Prime Standard sub-segment of the Frankfurt Stock Exchange since 2015 (ISIN DE000A2DA58) and generated sales revenues of EUR 349.1 million in 2021. With this rights issue, which will result in a considerable strengthening of the company's equity base, MAX Automation has also sorted its equity capital position – after the debt capital position – and is now able to place greater focus on growth and profitability.

The Allen & Overy Team was led by partner Dr Knut Sauer (Equity Capital Markets) and further comprised partner Dr Michael Weiß (both Frankfurt), counsel Dr Jens Wagner (Munich) and Dr Andre Wandt (all Corporate), senior associate Nadine Kämper and associates Anna Schön (both Equity Capital Markets), Veronika Gaile and Christina König (both Corporate, all Frankfurt).