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Accelerated Bookbuild Offering

€ 28.3 million
Joint Global Coordinator & Joint Bookrunner
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Compleo

Joint Global Coordinator & Joint Bookrunner

Kempen & Co acted as Joint Global Coordinator & Joint Bookrunner in the Accelerated Bookbuild Offering of Compleo Charging Solutions AG

Transaction highlights

  • Placement of 342,348 new shares at an offer price of €82.65 per share, representing a 5% discount vis-à-vis the closing price prior to launch
  • The transaction generated gross proceeds of approximately €28.3m, representing 10% of the company’s pre-deal outstanding share capital
  • The new shares were placed with both existing shareholders as well as new institutional investors across Europe 
  • Shortly prior to launching its first fundraising post IPO (October 2020), Compleo announced having entered into an agreement to acquire 100% of the shares in wallbe GmbH which markets AC charging solutions for the private, commercial and public sectors
  • This capital increase shall enable Compleo to continue pursuing its growth strategy, which, in addition to organic growth, also envisages further targeted M&A measures 

 Company description

  • Compleo is a leading supplier of charging solutions for electric vehicles, listed on the Prime Standard segment of the Frankfurt Stock Exchange since October 2020. The company realised a revenue growth in 2020 of +118% year-on-year
  • The company supports complete solution providers with its charging stations and, if required, also with the planning, installation, maintenance, service or backend of the charging infrastructure 
  • Compleo’s offering includes both AC and DC charging stations and its DC charging stations are the first DC charging stations on the market that comply with German calibration law (Eichrecht)
  • The company’s customers include Allego, E.ON, EWE Go, Deutsche Post DHL Group, Deutsche Telekom, Siemens and over 150 public utilities in Germany 
  • On 26 March 2021, Compleo entered into an agreement to acquire 100% of the shares in wallbe GmbH, which markets AC and DC charging solutions for the private, commercial and public sectors, for a preliminary purchase price of €34.8m. Compleo expects the transaction to be completed by the end of April 2021

Kempen & Co Corporate Finance & ECM credentials

  • Since 2020 to date, Kempen & Co advised on 59 transactions across different countries, representing a total deal value of c. €25bn in a challenging and unprecedented pandemic environment
  • This is another important transaction for Kempen & Co’s Infrastructure & Renewables franchise and we continue to support our clients active in the space
  • Kempen & Co successfully closed a wide variety of transactions, including public offers, sell-side mandates, fully virtual IPOs, bridge financings, hard underwritten rights issues and numerous follow-on ECM transactions as well as SPAC mergers

Contact

Dick Boer
Kathrin Erfurth

Transactions