White & Case advises Deutsche Beteiligungs AG on placement of €100 million convertible bonds

Press Release
1 min read

Global law firm White & Case LLP has advised Deutsche Beteiligungs AG on the successful placement of unsubordinated and unsecured convertible bonds due 2030 for an aggregate principal amount of €100 million.

The convertible bonds were placed exclusively with institutional investors outside the US by way of an accelerated bookbuilding process, excluding subscription rights. The convertible bonds bear interest at 5.5% per annum.

The net proceeds are intended for co-investments alongside funds advised by Deutsche Beteiligungs AG and ELF Capital Group and for general corporate purposes.

The White & Case team in Frankfurt which advised on the transaction was led by partner Thilo Diehl and included partners Rebecca Emory, Karsten Wöckener and Bodo Bender, local partner Peter Becker and associates Timo Lockemann and Marie-Christin Frowerk.

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