Led by Frankfurt-based partner Prof. Dr. Michael Schlitt Hogan Lovells advised Bankhaus Lampe KG and Hauck & Aufhauser Privatbankiers AG on the initial public offering of Voltabox AG, a subsidiary of paragon AG.

Voltabox is a producer of battery systems based on lithium-ion technology. The company's shares were offered in a public offering in Germany and Luxembourg as well as private placements in other countries during an offer period that began on 26 September 2017 and ended on 10 October 2017. The final issue price for the offer has been set at EUR 24.

The offer comprised five million new shares and a greenshoe option of 0.825 million additional new shares from a capital increase. The parent company paragon AG sold another 0.5 million shares from its holdings in the course of the offering. Bankhaus Lampe acted as Global Coordinator and Joint Bookrunner, while Hauck & Aufhauser acted as Joint Bookrunner.

Based on the assumption that all offered shares will be fully placed, the placement volume is expected to amount to EUR 151.8 Mio. of which the company would generate EUR 139.8 Mio. in gross proceeds. The expected post-IPO free float will be approximately 40%. Parent company paragon AG intends to remain the majority shareholder of Voltabox for the foreseeable future.

Voltabox AG's shares are to be traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange starting today. The German Federal Financial Supervisory Authority (Bundesanstalt fur Finanzdienstleistungsaufsicht - BaFin) approved the securities prospectus of Voltabox AG on 25 September 2017 and notified the approval to the Commission de Surveillance du Secteur Financier (CSSF).

Hogan Lovells team for Bankhaus Lampe KG and Hauck & Aufhauser Privatbankiers AG:

Frankfurt

Prof. Dr. Michael Schlitt (Partner, Lead), Dr. Susanne Lenz (Counsel), Dusan Stojkovic (Senior Associate), Garrett Gunchick (Foreign Associate), Robert Lindner (Foreign Associate), Nona Naydenova (Business Lawyer, all Capital Markets);

Dusseldorf

Dr. Heiko Gemmel (Partner), Anne Svenja de Kiff (Senior Associate, both Tax);

Munich

Dr. Patrick Ayad (Partner), Nadine Otz (Associate, both Corporate/Commercial);

London

John Basnage (Partner, US-Law);

Luxembourg

Gerard Neiens (Partner), Jean-Philippe Monmousseau (Senior Associate), Grace Adelakun (Associate, all Tax);

Baltimore

Kelly T. Hardy (Partner, Corporate Transactional);

Dubai

Andrew Tarbuck (Partner), Sami Osman (Associate, both Capital Markets).