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Clifford Chance advises Berenberg in relation to Fastned's successful EUR 150 million capital raise

2 March 2021

Clifford Chance advises Berenberg in relation to Fastned's successful EUR 150 million capital raise

Clifford Chance has advised Berenberg as financial adviser in relation to Fastned B.V.'s (Fastned) successful EUR 150 million accelerated bookbuild capital raise. Fastned is a provider of fast charging services to drivers of electric vehicles and operates a pan-European network of 133 fast charging stations. The capital raised will allow Fastned to expand the capacity of its existing stations, to build 164 new stations and fund capital expenditure for significant upcoming government related tenders, including in France and Germany, as well as for general corporate purposes.

The offering consists of 1,875,000 new depositary receipts of ordinary shares, representing approximately 12.5% of Fastned's existing issued share capital, which were placed at a price of EUR 80 each (resulting in gross proceeds of EUR 150 million). Settlement of the offering and admission to listing and trading of the new depositary receipts on Euronext Amsterdam has taken place on Tuesday 2 March 2021. For more information, please click here.

The Clifford Chance cross-border team that advised on this transaction also worked on Fastned's IPO on Euronext Amsterdam in July 2019 and consisted of Han Teerink, Hans Beerlage and Tom Smeele in Amsterdam and Alex Bafi, Olivier Plessis and Ryan Bosch in Paris.

This transaction represents one of the many recent high profile European equity listings that the Clifford Chance team has advised on, including those of InPost (Europe's largest ever tech IPO), The Hut Group (the largest IPO on the LSE in 2020) and JDE Peet's. In recent years the Clifford Chance team also advised on the European IPOs of Allegro (Warsaw Stock Exchange's largest IPO to date), Adyen (IFLR Equity Deal of the Year 2019) and Network International (IFR EMEA IPO of the Year 2019 and the largest IPO on the LSE in 2019).