Hogan Lovells advises BAADER BANK AG on capital increase of DEMIRE Deutsche Mittelstand Real Estate AG

Led by its Frankfurt-based partner Michael Schlitt international law firm Hogan Lovells has advised Baader Bank Aktiengesellschaft as sole global coordinator and sole Bookrunner, in connection with a capital increase of DEMIRE Deutsche Mittelstand Real Estate AG against cash contributions through the partial use of its authorised capital.

As part of the transaction, the company issued 34,512,703 new no par value ordinary bearer shares with dividend entitlements as of 1 January 2018. The new shares were listed at the Frankfurt stock exchange (Prime Standard). The offering consisted of subscription offering for the new shares in DEMIRE Deutsche Mittelstand Real Estate AG to the Company's existing shareholders and a following placement of the new shares for which subscription has not been exercised with AEPF III 15 S.à.r.l. The placement price was set at EUR 4.35, bringing the gross issuance proceeds from the capital increase to approximately EUR 150,1 million.

DEMIRE Deutsche Mittelstand Real Estate AG is a Frankfurt/Main headquartered real estate Group focused on commercial real estate in Germany. The Group pursues a buy-and-hold-strategy combined with active portfolio management. It is concentrated on both the value-added and core-plus investment approaches. 

Hogan Lovells for Baader Bank AG

Prof. Dr. Michael Schlitt (Partner), Dr. Susanne Lenz (Counsel), Daria Latysheva, Dušan Stojković (Senior Associates), Eva-Christina Sommer (Business Lawyer), Hannah Krafczyk (Trainee Solicitor), Carlos Landschein, Maurice Heine, Sara Sepac (Research Assistants) (all Corporate/Capital Markets, Frankfurt).


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