On 1 March 2017 Deutsche Börse will launch a new market segment for small and medium-sized enterprises (SME) to facilitate the access to the capital market for such enterprises. This new segment on the unofficial market (Freiverkehr) will replace the market segment Entry Standard, which will be terminated. Linklaters advises Deutsche Börse AG on specific aspects of the establishment of a new market segment for SMEs.

The enterprise must fulfil at least three of five specified key data criteria and the publication of a research report is compulsory. In addition, the minimum requirements for the admission of an enterprise include the cooperation with a Capital Market Partner of Deutsche Börse.

A Linklaters team led by Dr Herbert Harrer (Capital Markets, Frankfurt) advised on the transaction. The team also included Dr Burkhard Rinne, Andre Hofmann, Dr. Alexander Fritzsche, Johannes Rehahn and Roman Hoeck (all Capital Markets, Frankfurt).