Hengeler Mueller advises bank syndicate on IPO of EDAG Engineering Group AG (Switzerland)

04. December 2015

EDAG, one of the world’s largest independent engineering services providers for the global automotive industry, completed its IPO with the initial listing of its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. A total of 10,062,500 shares (including 1,312,500 shares in connection with an overallotment) were placed from the holdings of ATON GmbH, an investment company of the Helmig family. Based on the offer price, the total gross volume of placement amounted to approximately EUR 191 m (including the overallotment).

For the purpose of the IPO, the entire operating business of EDAG was contributed into EDAG Engineering Group AG, Arbon/Switzerland, a company which has been established under Swiss law. Deutsche Bank and Morgan Stanley have been acting as joint global coordinators and joint bookrunners during the IPO process. Commerzbank and M.M. Warburg have been mandated as co-lead managers.

Hengeler Mueller is advising the bank syndicate in an integrated team together with Paul Hastings (US aspects) and Bär & Karrer (Swiss aspects). The Hengeler Mueller team includes partners Dirk Busch and Reinhold Ernst (both Capital Markets, Düsseldorf), counsels Cecilia Di Ció (Capital Markets, Frankfurt) and Mathias Link (Tax, Frankfurt), as well as associates Gerrit Forst, Caspar Haarmann (both Capital Markets, Düsseldorf) and Alexander Kredig (Tax, Frankfurt).