Hengeler Mueller advises on Private Placement and Listing of JOST

25. July 2017

JOST Werke AG (“JOST”) successfully completed its Private Placement with the initial listing of its shares on the Frankfurt Stock Exchange on 20 July 2017. The total offer volume amounts to approximately EUR 231 m. In total, 4,875,000 newly issued ordinary bearer shares from a capital increase and 2,575,000 existing ordinary bearer shares from the holdings of JOST’s existing shareholder have been placed with institutional investors in the Private Placement. In addition, 1,117,500 ordinary bearer shares have been made available from the holdings of JOST’s existing shareholder in connection with an over-allotment. Deutsche Bank, J.P. Morgan and COMMERZBANK are acting as Joint Global Coordinators and Joint Bookrunners. BNP Paribas acts as additional Joint Bookrunner.

JOST is a leading global producer and supplier of safety-critical systems to the truck and trailer industry. The company has production facilities in 13 countries across 5 continents and currently employs about 2,700 members of staff worldwide.

Hengeler Mueller advised the banks' side on the Private Placement. The Hengeler Mueller team included partners Dirk Busch (Düsseldorf) and Alexander Rang (Frankfurt) (both Capital Markets) as well as associates Oda Christiane Goetzke, Caspar Haarmann (both Düsseldorf), Henning Hilke and Caspar Schmelzer (both Frankfurt) (all Capital Markets).