Norton Rose Fulbright has advised private bank Berenberg and equinet bank on the successful capital increase of RIB Software AG by way of issuance of about 3.9 million new shares from authorised capital with exclusion of pre-emptive rights.

In total, about 5.9 million shares, including 2 million from the holdings of existing shareholders, have been placed with institutional investors in Germany, other European countries and the USA at a price of €12.50 per share by means of an accelerated book-building process. The total placement volume amounted to €74.3 million.

RIB Software AG, Stuttgart, is one of the largest software providers for technical ERP solutions (Enterprise-Resource-Planning) for the construction industry. So called ERP solutions are complex IT systems that are used by companies in terms of their resource planning.

The Norton Rose Fulbright team was led by partner Frank Peter Regelin and further comprised associate Stefan Kutscheid (both capital markets, Frankfurt), partner Thomas Vita and senior associate Kevin Connolly (both US corporate finance, London).

Both Berenberg and equinet bank are long-standing clients of Norton Rose Fulbright in Frankfurt. The practice’s capital markets team has advised them for many years.