Hella €550 million Frankfurt and Luxembourg private placement

Overview:

• Hella raised €570 million through a private placement of its shares with institutional investors. 
• Having gone public in 2014 through a Frankfurt Stock Exchange IPO, the German automotive part supplier placed around 13.9 million shares. 
• Following the transaction the company's free float increased to 28%.
• The private placement was carried out through an accelerated bookbuilding process.
• Bankhaus Lampe and Deutsche Bank were bookrunners on the deal.
• In addition to Frankfurt, Hella is listed in Munich, Stuttgart, Berlin, Dusseldorf, and Luxembourg. 

Ben Naylor - Regional Editor