Norton Rose Fulbright has advised Hamburg based Berenberg Bank as sole global coordinator and sole bookrunner in the context of the private placement of a block of shares of Vossloh AG. The founding family of the rail engineering group placed 22 percent of their shares with institutional investors in an international private placement procedure. The shares were sold at a price of 68 euros per share and generated an income in the amount of 200 million euros for the founding family. The placement was concluded on November 27, 2013.

Vossloh operates globally in rail technology markets and concentrates on the areas of rail infrastructure as well as rail vehicles and electric buses. Comprising around 5,100 employees Vossloh generated turnover of 1.2 billion euros in the business year of 2012. Before the transaction, the Vossloh founding family had a share of over 30 percent in the stock capital and, thus, was the biggest shareholder of the business. After the partial sale of their block of shares, the Vossloh family now only holds around eight percent of the business.

Berenberg Bank was founded in 1590 and is one of the leading European private banks in the areas of private banking, investment banking, asset management and corporate banking.

Berenberg is a long-standing client of Norton Rose Fulbright – a team led by Frank Peter Regelin regularly advises the bank on banking and capital market law issues. The transaction was supported by:

Partners: Frank Peter Regelin (lead, corporate/capital market law, Frankfurt), Tom Vita (US law, London).
Associates: Solmaz Sedighi Rad (corporate/capital market law, Frankfurt), Alexander Hirshfeld (US law, London).

The Vossloh founding family was advised by Taylor Wessing.