Hengeler Mueller advises Tele Columbus on capital increase

20. October 2015

Tele Columbus AG, the third largest German cable network operator, has announced the launch of a capital increase for the purpose of financing the major acquisitions of this year. With the proceeds of the capital increase by way of a rights offering, Tele Columbus will repay an equity bridge loan and part of a second lien facility for the PrimaCom acquisition completed in July 2015 as well as partly fund the acquisition of pepcom announced in September 2015. Tele Columbus expects gross proceeds from the offering in the amount of approximately EUR 382.7 m.

Hengeler Mueller is advising Tele Columbus on the capital increase. The Hengeler Mueller team is led by partner Achim Herfs and counsel Anna Schwander (both Capital Markets) and includes partners Jochen Vetter (Stock Corporation Law) and Daniel Wiegand (M&A) as well as associates Philip Goj, Jakub Lorys and Christian Lutz (all Corporate/Capital Markets) (all Munich). Hengeler Mueller has already advised Tele Columbus in 2015 on the IPO including all related corporate law issues and the complete refinancing in connection with the IPO as well as on the acquisitions of PrimaCom and pepcom and the bank financing of these acquisitions.