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Clifford Chance advises banking syndicate on the IPO and listing of Cherry AG’s shares on the Frankfurt Stock Exchange

Cherry is a globally leading manufacturer of high-end switches for mechanical keyboards and of computer input devices. Cherry’s products are used in a variety of settings, mainly for gaming, office, industry, cybersecurity protection as well as telematics solutions for healthcare practices.

Cherry’s gross proceeds of around EUR 138 million will be used to fuel organic growth, to drive inorganic growth through selective acquisitions and to repay outstanding debt.

Hauck & Aufhäuser acted as sole global coordinator and joint bookrunner together with ABN AMRO and M.M.Warburg & CO as joint bookrunners.

The Clifford Chance team comprised partner George Hacket, partner Philipp Klöckner, counsels Nico Feuerstein (all Frankfurt) and Axel Wittmann (Munich), as well as senior associate David Santoro (Frankfurt) and associates Thomas Conradi (Munich) and Maks Mencin (Frankfurt, all Banking & Finance).

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