POELLATH advises the management of RENK Group AG in connection with IPO on the Frankfurt Stock Exchange
RENK Group AG and its shareholder, Rebecca BidCo S.à.r.l.-Holding, have issued shares of RENK Group AG to institutional investors from the holdings of the selling shareholder Rebecca BidCo S.à.r.l. in an accelerated bookbuilding process as part of a private placement.
A total of 33,333,333 shares were placed with investors. The investment firm Triton, whose “Triton V” fund already held a majority stake in Rebecca BidCo S.à.r.l., continues to hold a majority stake in RENK Group AG after the IPO. The total placement volume is approximately EUR 500 million. Trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard) commenced on February 7, 2024.
POELLATH provided comprehensive legal and tax advice to the management of RENK Group AG on the management participation in the context of the IPO with the following Munich team:
- Dr. Benedikt Hohaus (partner, lead, management participations, M&A/private equity)
- Dr. Nico Fischer (partner, tax)
- Jan Lukas Jungclaus (associate, management participations, M&A/private equity)
