Latham & Watkins Advises adesso SE on Capital Increase From Authorised Capital

Latham & Watkins LLP advised adesso SE (adesso) on its capital increase from authorised capital excluding the subscription rights of existing shareholders. The company received gross proceeds of approximately €49.5 million. A total of 309,679 new shares were placed exclusively with institutional investors at a price of €160.00 as part of an accelerated book-building process.

The new shares were included in the existing listing on the Frankfurt Stock Exchange on 13 October 2021. Joh. Berenberg, Gossler & Co. KG acted as Sole Global Coordinator and Joint Bookrunner for the capital increase. M.M. Warburg & CO (AG & Co.) KGaA supported the transaction as additional Joint Bookrunner.

With a team of over 5,300 employees, adesso is one of the leading IT service providers in the German-speaking area and operates from numerous locations in Germany, Europe and Turkey.

Latham’s team included capital markets partner Oliver Seiler and associates Camilla Kehler-Weiss and Alexandre Maturana. Additional advice on US law issues was provided by London/Milan partner Ryan Benedict and Milan capital markets lawyer Irene Pistotnik.