Allen & Overy LLP advised Senvion S.A. (Luxembourg) (“Senvion”), a leading global manufacturer of onshore and offshore wind turbines, on the successful listing of its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and a private placement of shares by its shareholders Centerbridge and Arpwood with institutional investors.
In the private placement, a total of 18,687,500 existing shares (including an over-allotment option of 2,437,500 shares) were placed at a price of EUR 15.75 per share. The total placement volume amounts to approximately EUR 294 million, subject to full exercise of the greenshoe option. On the basis of the placement price, Senvion has a market capitalization of EUR 1.02 billion.
Senvion develops, produces and markets wind turbines for almost any location, with rated outputs of 2 megawatts (“MW”) to 6.2 MW and rotor diameters of 82 meters to 152 meters. Senvion also offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction.
Deutsche Bank, J.P. Morgan and Citigroup acted as joint global coordinators and joint bookrunners. BofA Merrill Lynch, Barclays, Berenberg and Morgan Stanley acted as joint bookrunners.
The Allen & Overy team comprised partners Marc O. Plepelits (US Corporate Finance) and Dr. Oliver Seiler (International Capital Markets), senior associates Simon Weiß (International Capital Markets) and Timothy Knauff (US Corporate Finance) as well as associates Rita Nicole Thomas (US Corporate Finance), Lukas Greilich and Nadine Kaemper (both, International Capital Markets) (all Frankfurt). Partner Frank Mausen and associate Serge Zeien (both International Capital Markets, Luxembourg) advised on Luxembourg law and partner Marc Ponchione and associate Sheena Paul (both Banking, Washington, D.C.) provided advice with respect to the U.S. Investment Company Act. Counsel Dr. Udo H. Olgemöller (Public Law, Frankfurt), Partner Matthew Townsend and associate Alasdair Tyrrell (both Environment and Corporate Regulatory, London), Partner Romaric Lazerges and associate Antoine Coursaut-Durand (both Public Law, Paris) (both Public Law, Paris) and Partner David Christensen and associates Li Lin and Anastasia Mihailidis (all Banking, Sydney) advised as to public law in Germany, the United Kingdom, France and Australia, respectively.
