Linklaters advises Rheinmetall on capital increase


Linklaters advised Rheinmetall Aktiengesellschaft on a capital increase by around 10 percent and on the issue of new shares. The increase was effected from authorised capital against cash contributions, excluding any pre-emptive rights. The transaction was carried out in the course of a private placing by means of accelerated bookbuilding. The new shares carry dividend rights from 1 January 2015 on. They have been admitted to trading without a prospectus on the Regulated Market of several German stock exchanges; the settlement took place on 16 November 2015.

Rheinmetall received gross proceeds of approx. 230 million euros from the capital increase. The company intends to use these gross proceeds to achieve further growth in the defence and automotive sectors, to strengthen its own capital base as well as for general operational purposes.

Commerzbank acted as sole bookrunner and Lazard provided financial advice to the company.

A Linklaters team led by Dr Herbert Harrer and Peter Waltz (both Capital Markets, Frankfurt) advised on the transaction. The team also included Wolfgang Sturm (Corporate/M&A, Düsseldorf), Mike Bienenfeld (Corporate, London), Ulli Janssen (Corporate/M&A, Frankfurt), Dr Alexander Schlee (Capital Markets, Frankfurt), Cornelius Wilk (Corporate/M&A Frankfurt), Dr Monir Taik (Capital Markets, Frankfurt), John Stone (Corporate, London) and Martin Rojahn (Capital Markets, Frankfurt).