The online platform for premium and luxury fashion accessories Fashionette is now on the Frankfurt Stock Exchange. The offer price was set at 31 euros and was thus at the lower end of the price range of 30 to 38 euros. According to Fashionette, a total of 3.605 million shares were placed with investors as part of the IPO. The company will receive gross proceeds of around 37 million euros from the capital increase. The start of the online platform on the stock exchange was bumpy, the paper sank below the issue price and is listed below the 30 euro mark. Fashionette and the Sole Global Coordinator and Sole Bookrunner Hauck & Aufhäuser were legally removed from the firm at the IPO Noerr (Leadership: Julian Schulze De la Cruz) to advise.
The travel platform Getyourguide has raised fresh capital of 114 million euros through convertible bonds. The group was led by Searchlight Capital, as the company announced last Thursday. Also involved was a consortium of Getyourguide’s existing investors, including Soft Bank Vision Fund, KKR, Battery Ventures, Highland Europe, Spark Capital, NGP Capital, as well as the founders and other investors. Lion Tree, Latham & Watkins and Walder Wyss have the travel platform as Consultant accompanies.
The machine tool manufacturer Joh. Friedrich Behrens has taken an important step forward in refinancing his SME bond: He has received a financing commitment from the asset manager Patrimonium. As the company announced, the volume of the financing should amount to 8 million euros – provided the company also receives the requested state funding. You can find out more details about debt fund financing here.
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