The international law firm Clifford Chance advised IVG Immobilien AG on its capital increase against contribution in cash from authorised capital, excluding any pre-emptive rights. Deutsche Bank and UBS were the joint lead managers and joint book runners of the transaction. Since 16 February 2011, the news shares are quoted on the Frankfurt Stock Exchange in the prime standard segment. The emission volume is at around 90 million Euros.
The new shares were offered for purchase by means of an accelerated book building to qualified investors both within and outside of Germany (including a Rule 144A placement in the United States of America).
The Clifford Chance team consisted of partner Markus Pfüller, counsel David Detweiler and associates Christian Wöckener-Erten and Robert Nachama (all Banking and Capital Markets, Frankfurt).
