A team led by Cologne-based partner Dr. Thorsten Kuthe assisted 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. 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.
Counsel to Serviceware SE
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Stefan Westerheide, LL.M. oec,
Sascha Beck (all Stock Corporation Law and Capital Markets), all Cologne
Dr. Helge-Torsten Wöhlert (Corporate, Munich)
Dr. Uwe Hartmann (Notary), Frankfurt