Starting news article english 19 December 2011

Clifford Chance advises IVG Immobilien AG on capital increase

Clifford Chance advised IVG Immobilien AG on its capital increase against cash contributions with subscription rights. The capital increase consisted of a public offer to private and institutional investors in Germany and Luxembourg, as well as a private placement in the US and certain other countries. Joint global coordinators and joint book runners for the transaction were Berenberg Bank, Commerzbank Aktiengesellschaft and UBS Investment Bank. A further joint book runner was UniCredit Bank AG.

The new shares were included in the existing quotation of the shares of IVG on the stock exchanges in Frankfurt (Prime Standard), Berlin, Düsseldorf and on 19 December 2011. The issue volume is around EUR 145.5 million.

The Clifford Chance team consisted of partners Markus Pfüller (Banking & Capital Markets, Frankfurt) and Dr. Thomas Stohlmeier (Corporate, Düsseldorf), counsel Dr. Christian Vogel (Corporate, Düsseldorf), senior associate Christian Wöckener-Erten, associates Robert Nachama, Sarah Palmer, Manuela Buffone (all Banking & Capital Markets, Frankfurt) and Dr. Werner Brickwedde (Corporate, Düsseldorf), as well as counsel Dr. Ulrich Flege (Real Estate, Düsseldorf). Advising on US aspects were partner Dr. George Hacket and counsel David Detweiler (both Banking & Capital Markets, Frankfurt).