11-05-2024News

HEUKING advises Katjes Greenfood on bond increase to EUR 38 million

A HEUKING team led by Dr. Thorsten Kuthe, Partner at the firm’s Cologne office, advised Katjes Greenfood on the second increase of its 2022/2027 bond. Initially issued in November 2022 and previously expanded in February 2023, the bond (ISIN: DE000A30V3F1 / WKN: A30V3F) has now been successfully increased by an additional EUR 13 million, bringing the total issuance to EUR 38 million. The net proceeds will primarily be used to boost Katjes Greenfood’s stake in mymuesli AG from 10.1% to about 56%. The bond has a fixed term until November 29, 2027, with an annual interest rate of eight percent.

The additional bonds issued were placed with institutional investors through a private placement, with Pareto Securities AS, Frankfurt Branch, acting as the sole bookrunner.

Based in Düsseldorf, Katjes Greenfood GmbH & Co. KG is part of Katjes group, alongside sister companies Katjes Fassin GmbH & Co. KG and Katjes International GmbH & Co. KG. As a legally independent investment firm, Katjes Greenfood focuses on supporting growth companies within the food sector, especially those launching innovative and sustainable products. The company primarily invests in established German and European brands that are market leaders in the emerging sectors of future food and plant-based nutrition.

Dr. Thorsten Kuthe and his team at HEUKING regularly advise Katjes Greenfood on capital market law, including guidance on the issue and previous increases of the 2022/2027 bond.