Clifford Chance

Clifford Chance advises ABN AMRO, Rabobank and Jefferies on the EUR 31.8 million capital raise by CM.com

A Clifford Chance team advised ABN AMRO Bank N.V., Coöperatieve Rabobank U.A. (together with its distribution partner Kepler Cheuvreux S.A.) and Jefferies International Limited as Joint Global Coordinators and Joint Bookrunners in relation to the accelerated bookbuild offering of ordinary shares in the capital of Dutch listed company CM.com N.V. CM.com provides Conversational Commerce services from its cloud platform that connects enterprises and brands to the mobile phones of billions of consumers worldwide.

Launch of the accelerated bookbuild offering took place on Tuesday 15 September 2020, with pricing taking place on Wednesday 16 September 2020. The offering consisted of 2,120,000 new ordinary shares, priced at EUR 15 per share, which represent approximately 8% of CM.com’s existing issued share capital and resulted in a total deal size of EUR 31.8 million. The proceeds from the offering will be used by CM.com to fund potential acquisition opportunities fueling CM.com’s accelerated growth strategy and for general corporate purposes. Settlement of the offering and admission to listing and trading of the new ordinary shares on Euronext Amsterdam is expected to take place on Friday 18 September 2020.

The Clifford Chance team on the transaction comprises Han Teerink, Katja Busuladžić and Marina Sarkisjan from the Amsterdam office with Olivier Plessis, Alex Bafi and Ryan Bosch from the Paris office providing US securities laws advice.