Linklaters has advised the banking consortium in connection with the capital increase and re-IPO of OHB SE. The placement of shares comprised a total volume of approximately EUR 900 million and was carried out by way of an accelerated bookbuilding process, alongside the issuance of new shares out of authorised capital.
The capital increase is being implemented in two tranches by way of subscription rights offered to existing shareholders. The principal shareholder, the Fuchs family, and KKR did not exercise their subscription rights, and the respective shares were placed in the market as part of the offering. In parallel, KKR sold part of its existing shareholding through a private placement to qualified international investors while retaining a significant minority stake. The transaction therefore combined primary and secondary components and resulted in a substantial increase in free float.
Following completion, OHB strengthens its capital base to finance investments in production, infrastructure and potential acquisitions. The broadened shareholder base increases trading liquidity and supports the company’s targeted positioning in the MDAX.
Linklaters advised the banking consortium comprising Deutsche Bank, Goldman Sachs, J.P. Morgan, KKR Capital Markets, Rothschild & Co Redburn, Berenberg, COMMERZBANK, Jefferies and UniCredit with a team led by Marco Carbonare (Partner) and John Hunt (Counsel, both Corporate/M&A) as well as Tosan Kraneis (Managing Associate, Capital Markets). The team further included Ulli Janssen (Counsel), Gallus Vögel and Alexander Gatlin(both Associates, all Corporate/M&A; Frankfurt).
