26 May 2020 | 11:17 am | 1 min. read
Pinsent Masons has advised Exasol AG on its IPO – the first IPO in Germany in 2020.
The firm advised Exasol AG and Hauck & Aufhäuser Privatbankiers AG on all legal issues related to the IPO, including preparing the offering prospectus and accompanied capital increase. Hauck & Aufhäuser acted as Sole Global Coordinator and Sole Bookrunner for the IPO.
Exasol AG is a global technology company and provider of a next generation software-based "data engine" whose current clients include Adidas, Dell, Vodafone and Zalando. All 9,205,250 shares offered were placed at an issue price of EUR 9.50 per share. The placement volume including the greenshoe and top-up option thus amounts to approximately EUR 87.45 million. The offering comprised 5,100,000 newly issued shares from a cash capital increase and 4,105,250 shares from the holdings of existing shareholders.
Exasol AG plans to use the proceeds from the IPO to further advance its growth strategy, particularly across the DACH region (Germany, Austria, Switzerland), Great Britain and in the USA.
Thomas Mayrhofer, Partner and Head of the Capital Markets team at Pinsent Masons said: "We are very pleased to have successfully supported the first IPO of the year, particularly under the difficult conditions of the coronavirus crisis. We hope that this IPO will motivate more companies to make better use of financing via the capital market."
The firm's sector focus approach meant it could seamlessly advise Exasol AG on all corporate and capital markets law issues in connection with the IPO. The Pinsent Masons team was led by Thomas Mayrhofer, and included Gudrun Moll, Dusan Stojkovic and Johanna Storz.
Key Contacts
Multinational law firm Pinsent Masons has appointed partner Nick Tostivin to join its rapidly expanding financial services team in London, where he will lead the Finance team.
Multinational law firm Pinsent Masons has been recognised in the Projects Deal of the Year category of the China Business Law Journal’s (CBLJ) Deals of the Year 2023 list for the firm’s work on the landmark NEOM Smart City Project in Saudi Arabia.
Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.
Multinational law firm Pinsent Masons has appointed partner Nick Tostivin to join its rapidly expanding financial services team in London, where he will lead the Finance team.
Multinational law firm Pinsent Masons has advised Lloyds Bank on the launch of a £62 million investment fund to help small businesses across England and Wales access finance to support local jobs and economic activity.
Multinational law firm Pinsent Masons has appointed pensions litigation partner Charlotte Scholes to join the firm’s financial services sector in its London office.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]