P+P advises Allgeier SE again on capital increase

June 2019

Allgeier SE, which is based in Munich and listed on the stock exchange, has increased its share capital by almost 10% using authorized capital. As part of the transaction, 997,864 registered shares were issued at a placement price of EUR 24.00 per share. Using a book building process, the new shares were placed without a prospectus with international institutional investors, members of corporate bodies of the company and other executives of the Allgeier Group.
The gross issuance volume amounts to approximately EUR 24 million. The new shares were listed for trading on the regulated market on the Frankfurt Stock Exchange (General Standard) on June 20, 2019.

Allgeier SE is a leading IT company for digital transformation with more than 9,000 employees and 1,300 freelance employees. In 2018, the Allgeier Group achieved a turnover of almost EUR 690 million. The company plans to use the proceeds from the capital increase to finance further growth investments and further acquisitions.

P+P advised Allgeier SE, as before on the capital increase in 2017, with the following Munich team, specialized in corporate and capital market law:

Gleiss Lutz advised the bank consortium led by the joint bookrunners COMMERZBANK and M.M.Warburg & CO. MainFirst Bank acted as co-lead manager.