Allen & Overy LLP advised Credit Suisse AG and UBS AG as joint bookrunners on the capital increase of Switzerland-based Meyer Burger Technology AG.
The capital increase by way of a rights issue comprised a total of 36,107,263 new registered shares at a subscription price of CHF 4.20 each.

By the end of the subscription period on 7 May 2013, a total of 99.62% of the subscription rights were exercised, i.e. nearly 36 million new registered shares were subscribed.  Trading in the new shares on SIX Swiss Exchange started on 8 May 2013.

Meyer Burger Technology AG intends to use the net proceeds from the capital increase for investing in research and development of photovoltaic systems as well as for the financing of new technologies and accessing new geographic photovoltaic markets, among other projects.  Meyer Burger Technology AG also intends to increase its financial flexibility.

The Allen & Overy team was led by partner Gernot Wagner (US Corporate Finance, Frankfurt) and included partner Tony Sparks (Corporate, Sydney), senior associates Dr. Camilla Kehler (Equity Capital Markets, Frankfurt) and Harsha Kumar (Corporate, Sydney) as well as associate Rebecca Emory (US Corporate Finance, Frankfurt).

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