Munich — RENK Group AG and its share­hol­der, Rebecca BidCo S.à.r.l. Holding, have issued shares in RENK Group AG from the holdings of the selling share­hol­der Rebecca BidCo S.à.r.l. to insti­tu­tio­nal inves­tors in an acce­le­ra­ted book­buil­ding process as part of a private place­ment. This means that Renk is now valued at around 1.9 billion euros.

The tank trans­mis­sion manu­fac­tu­rer made the leap onto the Frank­furt Stock Exch­ange at the second attempt: a total of 33,333,333 shares were placed with inves­tors. The invest­ment company Tritonwhose “Triton V” fund alre­ady held a majo­rity stake in Rebecca BidCo S.à.r.l., will conti­nue to hold a majo­rity stake in RENK Group AG after the IPO. The total place­ment volume is appro­xi­m­ately EUR 500 million. Trading on the regu­la­ted market of the Frank­furt Stock Exch­ange (Prime Stan­dard) commen­ced on Febru­ary 7, 2024.

POELLATH provi­ded compre­hen­sive legal and tax advice to the manage­ment of RENK Group AG on the manage­ment parti­ci­pa­tion in the IPO with the follo­wing Munich team:

Dr. Bene­dikt Hohaus (Part­ner, Lead, Manage­ment Parti­ci­pa­ti­ons, M&A/Private Equity)
Dr. Nico Fischer (Part­ner, Taxes)
Jan Lukas Jung­claus, LL.M. (Stel­len­bosch) (Asso­ciate, Manage­ment Parti­ci­pa­ti­ons, M&A/Private Equity)