Heuking Kühn Lüer Wojtek advised DATAGROUP SE on a capital increase against cash contributions with exclusion of subscription rights. The company has generated proceeds of some EUR 21.7 million from the transaction.
759,000 new shares were placed with institutional investors as part of the capital increase. The company intends to strengthen its equity and finance further growth with the gross issue proceeds of EUR 21.7 million. The new shares are to be admitted to OTC trading on the Frankfurt Stock Exchange with simultaneous inclusion in the "Scale" segment.
Due to the heavy demand at the placement of the new shares, DATAGROUP SE's majority shareholder, HHS Beteiligungsgesellschaft mbH (HHS), has agreed to sell 400,000 shares to investors that had not been allotted shares.
DATAGROUP SE is one of Germany's leading IT service companies. More than 1,700 employees at sites throughout Germany design, implement, and operate IT infrastructures and business applications.
Heuking Kühn Lüer Wojtek advises the company on an ongoing basis, particularly on acquisitions, as well as on stock corporation law and capital market law.
Counsel to DATAGROUP SE
Heuking Kühn Lüer Wojtek:
Dr. Rainer Herschlein, LL.M. (Lead),
Dr. Anne de Boer, LL.M. (Capital Markets),
Sonja Bayer (Stock Corporation Law), all Stuttgart
Moritz Schirmbeck (Legal Department)
Dr. Michael Klein (Communications)