Baker McKenzie advised CORESTATE Capital Holding S.A. (CORESTATE) on the capital increase from authorized capital with gross issue proceeds of approx. 22.7 million euros.
The new shares were placed by Berenberg Bank and Baader Bank with German and international institutional investors outside the US at a price of EUR 22.80 per share. The new shares were included in trading on the Entry Standard market segment of the Frankfurt Stock Exchange on 27 February 2017. Since 1 March 2017, the CORESTATE shares are trading in the new market segment "SCALE".
We are very pleased to have advised CORESTATE on this important capital raising,
Dr. Christoph Wolf comments on the transaction.
CORESTATE Capital Holding S.A. is a fully integrated real estate investment manager and co-investor based in Luxembourg with offices in Frankfurt, Zurich, Madrid and Singapore. Since CORESTATE was founded in 2006, the volume of its transactions amounts to approximately EUR 6.0 billion. CORESTATE accompanies its customers along the entire value chain of a real estate investment products. Since October 2016, the Group has been listed in the Entry Standard of the Frankfurt Stock Exchange.
Baker McKenzie already advised Corestate several times on financing transactions since Banking & Finance partner Filip Kurkowski joined the firm. This mandate is the first the Equity Capital Markets transaction on which Baker McKenzie advised CORESTATE.
Baker McKenzie team advising CORESTATE Capital Holding S.A:
Capital Markets: Dr. Christoph Wolf (partner, Frankfurt)
Capital Markets: Tilman Wink (Senior Counsel, Frankfurt)
Capital Markets and Corporate Luxembourg: Laurent Fessmann (partner), Alexis Bouvet (associate)