Kirkland advises Tele Columbus on €475 million capital increase

Munich — Kirk­land & Ellis has advi­sed Tele Colum­bus AG on a capi­tal increase of EUR 475 million. The capi­tal increase was ente­red in the Company’s commer­cial regis­ter on May 12, 2021. The new shares were admit­ted to trading on May 14, 2021.

In the course of the capi­tal increase with subscrip­tion rights resol­ved on April 17, 2021, a total of 146,109,887 new no-par value shares were issued. The majo­rity of the new shares were subscri­bed and purcha­sed by Kublai GmbH, the majo­rity share­hol­der of the Company. The gross proceeds from the issue will be used in parti­cu­lar to achieve a sustainable capi­tal struc­ture for the Company and to further imple­ment its fiber cham­pion strategy.

With the comple­tion of the capi­tal increase, Kublai GmbH now holds 94.6 % of the share capi­tal and voting rights in Tele Colum­bus AG.

Tele Colum­bus AG is one of the leading fiber-optic network opera­tors in Germany with a reach of more than three million house­holds. The company, which is head­quar­te­red in Berlin and has offices in Leip­zig, Unter­föh­ring, Hamburg, Ratin­gen and Chem­nitz, has been listed in the Prime Stan­dard of the Frank­furt Stock Exch­ange since Janu­ary 2015.

Kirk­land & Ellis advi­sed Tele Colum­bus with the follo­wing team:
Kirk­land & Ellis, Munich: Dr. Anna Schwan­der (Lead), Dr. Achim Herfs (both Capi­tal Markets), Tim Volk­hei­mer (US Capi­tal Markets); Asso­ciate: Dr. Tamara Zehen­t­bauer (Capi­tal Markets)

About Kirk­land & Ellis:
With appro­xi­m­ately 2,900 lawy­ers in 16 offices world­wide, Kirk­land & Ellis is one of the leading inter­na­tio­nal commer­cial law firms. The Munich team provi­des focu­sed advice in the areas of private equity, M&A, corpo­rate, capi­tal markets, restruc­tu­ring, finan­cing and tax law.