Arendt & Medernach advised SMG European Recovery SPAC SE and its management team on its SPAC
Arendt & Medernach advised SMG European Recovery SPAC SE and its management team on its SPAC, encompassing a EUR 115 million private placement and listing on the Frankfurt Stock Exchange, and on related debt financing and the structuring of part of the sponsor promote.
Deal | SPAC | Corporate law | Tax | Capital markets | Investment management
SMG European Recovery SPAC SE (the “Company”), a Luxembourg special purpose acquisition company (SPAC), completed its private placement of 11,500,000 units (“Units”), eachat the price of EUR 10.00 per Unit, for an aggregate of EUR 115 million.
The Company has applied to admit the Public Shares for trading on the regulated market of the Frankfurt Stock Exchange (General Standard), and to list the Public Warrants on the open market of the Frankfurt Stock Exchange (Börse Frankfurt Zertifikate AG).
Sponsored by Dr Stefan Petrikovics and René Geppert and supported by Obotritia Capital KGaA, the Company plans to target a company in the real estate-related hospitality sector with a focus on the sub-sector lodging and leisure for its business combination.
The Company is also supported by a supervisory board with a strong track record in developing companies and investing, consisting of Anand Tejani (Chair), Paul Johnson and Benoît de Belder.
The Company was advised on Luxembourg legal matters by a team from the international law firm Arendt & Medernach specialising in corporate and capital markets law, led by partner Alexander Olliges.
Arendt team involved:
- Corporate Law, Mergers & Acquisitions: Alexander Olliges (Partner), Błażej Gładysz-Lehmann (Counsel), Viktoria Werhann (Associate)
- Finance & Capital Markets: François Warken (Partner), Dominik Pauly (Counsel), Serge Zeien (Counsel), Milos Vulevic (Senior Associate), Sean Micallef-Trigona (Associate), Harrison Nkrumah (Associate)
- Tax Law: Jan Neugebauer (Partner), Dr. Philipp Jost (Counsel)