Close Brothers Seydler Bank AG advises InCity Immobilien AG on their Capital Increase
Frankfurt am Main, July 26th 2010
InCity Immobilen AG (FWB: IC8) announced that it has successfully placed 1,000,000 new shares in the Company via a capital increase with subscription rights to existing institutional investors at a price of EUR 5.00 per share. InCity Immobilien AG received gross proceeds of 5 million EUR in the oversubscribed capital increase. The Company was advised by Close Brothers Seydler Bank AG, which acted as Sole Lead Manager und Sole Bookrunner in the transaction.
InCity Immobilien AG is focused on the conception and realization of top-notch real estate in German cities and growth regions in inner city locations. The Company develops and markets residential as well as single commercial properties with a high real net output ratio and shortest possible cycle.
InCity Immobilien AG became a publicly traded company in 2007 with its listing on the Frankfurt Stock Exchange in the Entry Standard segment.
Profile of Close Brothers Seydler Bank AG:
Close Brothers Seydler Bank AG is focused on mid-sized companies and has been part of the London Exchange listed Close Brothers Group plc since 2005. Among its core business areas are Designated Sponsoring, Corporate Finance, Equity Sales and Research, Fixed Income Sales, Equity trading, Fixed Income trading and Floor Specialist Trading on the Frankfurt Stock Exchange in over 2,100 domestic and international equity and fixed income securities. The Bank currently holds market leadership in Designated Sponsoring with 180 mandates at last count and in this capacity, is responsible for active trading and improved liquidity in the shares of its mandates. Additionally, the firm acts as equity specialist for stocks listed in the primary market segments of Deutsche Börse AG’s Continuous Auction with Specialist (FAMS) trading system.
The Capital Markets team at Close Brothers Seydler Bank AG assists company management with the planning, structuring and placement of capital market transactions. This includes the structuring and execution of initial public offerings (IPOs), capital increases and placement of equity block trades. In the fixed income area, the team provides expert services in the structuring and placement of convertibles and corporate bonds.
Institutional investors are serviced by the Equity & Fixed Income Sales and Trading team. With primary focus on the Small and Mid Cap segment, the Team enjoys a broad network to leading institutional investors in Germany, United Kingdom, Switzerland, France and Benelux. In the financial center of London, Close Brothers Seydler Bank AG is represented by a local sales and trading team. In close cooperation between the Sales and Designated Sponsoring teams, numerous roadshows and top-notch investor conferences are organised for the firm’s customers. These provide companies with an outstanding platform to present themselves to international investors and analysts.
Close Brothers Seydler Research AG, a subsidiary of the Bank, has a reputation for being one of the most prominent analyst houses covering mid-sized German companies. At the start of this year, around two years after its foundation, the experienced research analyst team maintains a coverage list of around 80 stocks and is considered by the investment community in Germany and abroad as well as the financial media to be one of the most demanded and competent market and sector experts.
Corporate clients can take advantage of the professional management of their securities and associated services with an account at Close Brothers Seydler Bank AG.
Contacts:
Thomas Kaufmann, Executive Director, Equity & Debt Capital Markets at Close Brothers Seydler Bank AG. Telephone: +49 (0) 69 920 54 190, Email: thomas.kaufmann@cbseydler.com
Jennifer C. Hoffmann, Equity & Debt Capital Markets, Head of Public Relations at Close Brothers Seydler Bank AG, Telephone: +49 (0) 69 920 54 128, Email: jennifer.hoffmann@cbseydler.com
Useful Links:
http://www.cbseydler.com/tombstone.html
http://www.cbseydler.com/news.html
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