Allen & Overy has advised Goldman Sachs International and UniCredit Bank AG as Joint Bookrunners on the cash capital increase of ProSiebenSat.1 Media SE raising gross proceeds of approx. EUR 515 million.

In the course of the transaction, a total of 14,202,800 no-par value registered shares were issued. Shareholders’ pre-emption rights were excluded. All new shares have been sold at a sales price of EUR 36.25 per share. The gross proceeds will primarily contribute to the financing of the company’s growth strategy by the acquisition of other companies and interests in other companies in particular in the digital space. The capital increase will furthermore serve general purposes as well as support the strengthening of the Company’s balance sheet.

The Allen & Overy team comprised partner Dr Knut Sauer (transaction lead), senior associate Simon Weiss and associate Nadine Kaemper (all International Capital Markets, Frankfurt). Partner Marc O. Plepelits and associate Rita Nicole Thomas (both US Corporate Finance, Frankfurt) advised on U.S. law.

From the Allen & Overy office in Luxembourg partner Frank Mausen and associate Serge Zeien advised on Luxembourg law aspects (both International Capital Markets).

Inhouse advice at Goldman Sachs International was provided by Yoana Yoshovska, at UniCredit Bank AG by Mark Oesterwinter.