February 19, 2010
German solar energy company Roth & Rau AG successfully places 1,379,999 shares of stock priced at €26.00 per share by way of an accelerated bookbuilding.
It was recently announced that German solar energy company Roth & Rau AG successfully placed 1,379,999 shares of stock priced at €26.00 per share by way of an accelerated bookbuilding. The capital increase met with great demand from institutional investors from Germany and abroad and was placed in full by Willkie client Credit Suisse Securities (Europe) Limited. The transaction provides Roth & Rau AG with gross issue proceeds of around €35.9 million, which will be used to strengthen the company's balance sheet and to finance part of the recently announced acquisition of OTB Solar B.V. The new shares have been admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard). The pre-emptive rights of existing shareholders were excluded. Based in Hohenstein-Ernstthal, Roth & Rau is one of the world’s leading suppliers of production equipment and innovative production technologies for the photovoltaics industry.
The Willkie team, led by Prof. Dr. Michael Schlitt (capital markets, Frankfurt), included Dr. Susanne Schäfer (capital markets, Frankfurt), Jon Lyman (U.S. law, London) and Dr. Patrick Meiisel and Dr. Bettina Bokeloh (both tax, Frankfurt). Additional assistance was provided by Dr. Christian Ries, Dr. Thorsten Becker, Dr. Roman Kasten and Tobias Strohmeier (all capital markets, Frankfurt) and Danielle Scalzo (U.S. law, London).
