Noerr has advised Mutares AG as Corporate Counsel with regard to stock exchange and capital markets law on the planned IPO of its subsidiary STS Group AG and is also supporting the preparatory corporate actions at the level of STS Group AG. Mutares was advised by a team led by partners Ralph Schilha and Julian Schulze De la Cruz.
The shares of STS Group AG are to be quoted on the Prime Standard of the Frankfurt Stock Exchange. The company is a leading global system supplier to the car industry of soft and hard trim components for commercial vehicles. The company, headquartered in Hallbergmoos near Munich, develops, produces and sells plastic components, systems and acoustic parts, primarily for light and heavy commercial vehicles and passenger cars. The company’s customers are the leading international commercial vehicle manufacturers as well as automobile manufacturers (OEMs). The group, which was established in 2013, has 16 production sites in seven countries, with locations in Europe, China, North and South America, including the NAFTA market, and currently has a workforce of around 2,500.
STS Group is planning to use the funds acquired from the IPO to further expand its capacity. Mutares intends to enable a sufficiently broad free float by reallocating shares of STS Group, and it will remain the majority shareholder of STS Group.
Mutares AG, which is listed on the selected index Scale 30 of Deutsche Börse has long relied on advice from Noerr, with Ralph Schilha and Julian Schulze De la Cruz acting for Mutares since 2016 providing ongoing advice on stock corporation and capital markets law.
Among the capital market transactions recently supported by Noerr are advice on capital increases at RIB Software SE and Schaltbau Holding AG, advice for Rocket Internet on the sale of a €660 million share package in Delivery Hero to Naspers and advising issuers and exiting shareholders on the IPOs of Delivery Hero, HelloFresh, Instone Real Estate Group and trivago in New York (the largest NASDAQ IPO by a German company in recent years). The Noerr Capital Markets team was awarded the title of “Transatlantic Equity Capital Markets Team of the Year” in the Transatlantic Legal Awards 2017 for its advice as lead counsel during the trivago IPO.
Advisors to Mutares AG: Noerr LLP
Dr Ralph Schilha (Capital Markets, Munich), Dr Julian Schulze De la Cruz (Capital Markets, Frankfurt; joint lead), Dr Martin Landauer (Employment & Pensions, Munich)
Associates: Philip M. Schmoll (Frankfurt), Susanne Rummel, Dr Michael Braun (both Munich, all Capital Markets)
In-house: Jens Tiede (Head of Group Legal)
The original press release can be found here on Noerr’s website.