International law firm Freshfields Bruckhaus Deringer has advised 3i PLC and funds managed by 3i PLC (“3i”) on the exit of NORMA Group AG, a Germany-based international market leader in engineered joining technology.
The entire remaining stake of 16.7 percent held by 3i (5,314,341 ordinary shares of NORMA Group) was placed for a price of EUR 20.50 per share with institutional investors in an accelerated bookbuilding process. The proceeds of the placment therefore accrued to EUR 109m.
Freshfields has already advised the former major shareholder on a series of placements of NORMA Group shares in 2012, and previously, on the IPO of NORMA Group AG on the Frankfurt Stock Exchange with a value of more than EUR 386m.
The Freshfields team comprised Andreas König and Julian Schulze de la Cruz (Corporate/Capital Markets), Mark Strauch and Kyle Miller (US law; all Frankfurt).
