Menold Bezler advises Manz on capital increase through 10% investment by Daimler Truck
Stuttgart/ Reutingen — Menold Bezler advised the Reutlingen-based high-tech engineering company Manz AG on a cash capital increase without shareholders’ subscription rights amounting to approximately 10% of the share capital. The transaction is subject to approval by the relevant antitrust authorities. (Photo: Daimler Truck)
The capital increase through the issue of 774,408 new shares is related to a cooperation agreement on a strategic partnership with Daimler Truck AG in the field of electromobility. As a result of the investment, Daimler Truck AG will become Manz AG’s new anchor shareholder. The proceeds of 30.6 million euros will be used to finance Manz AG’s further growth.
With currently around 1,400 employees, the Manz Group develops and builds production solutions for various sectors and industries in Germany, Slovakia, Hungary, Italy, China and Taiwan. Manz AG was founded in 1987 and has been listed on the Frankfurt Stock Exchange (ISIN: DE000A0JQ5U3) since 2006. In fiscal 2021, the Group generated sales of around EUR 227 million.
Menold Bezler provided legal advice on the capital increase. The team led by Guido Quass has been working for Manz AG on corporate and capital markets law issues for many years.
Advisors to Manz AG: Menold Bezler (Stuttgart)
Dr. Guido Quass (Partner), Dr. Björn Staudinger (both Stock Corporation and Capital Markets Law); Dr. Jochen Bernhard (Partner, Antitrust Law)
About Menold Bezler
Menold Bezler is a partnership-structured commercial law firm based in Stuttgart. More than 120 professionals offer legal advice, tax advice, auditing and business management advice from a single source. Our clients include well-known medium-sized companies, listed corporations, the public sector and its companies as well as non-profit organizations. More at www.menoldbezler.de.