Ashurst advised Aurelius SE & Co. KGaA (Aurelius), a leading European investment group, on the successful placement of a convertible bond with a principal amount of €166.3 million. The senior, unsecured convertible bond is due at the end of 2020 and is convertible into new and/or existing ordinary Aurelius bearer shares with no par value.

The bond was offered to and placed exclusively with institutional investors in an accelerated bookbuilding process.

Aurelius intends using the net issuance proceeds for investment opportunities in line with its business model, for funding share repurchases in line with its communicated buy-back programme and for general corporate purposes.

Ashurst advised Aurelius for the first time. The team was led by Frankfurt-based partner Dr Tobias Krug (Securities and Derivatives). Counsel Dr Gerrit Clasen as well as associates Dr Angela Loff (both Corporate), Alexandra Heitmann and Jasper Lembke (both Securities and Derivatives) assisted.