HEUKING advises on indirect IPO of Dr. Lübke & Kelber GmbH

A HEUKING team led by Cologne-based Partner Dr. Thorsten Kuthe advised on the indirect IPO of Dr. Lübke & Kelber GmbH via a contribution to Lübke Kelber AG (formerly Deutsche Geothermische Immobilien AG) by way of a capital increase in kind.

By acquiring Dr. Lübke & Kelber GmbH, a well-established and active real estate specialist with a track record of more than 55 years and an annual transaction volume of up to one billion euros under the “Lübke Kelber German Real Estate” brand, the stock corporation listed on Düsseldorf Stock Exchange’s “Primary Market” segment will align its business with Dr. Lübke & Kelber GmbH in the future. Going forward, it will concentrate on expanding its business in the fields of asset and investment management in addition to transaction consulting. The transfer of Dr. Lübke & Kelber GmbH’s operating business to Deutsche Geothermische Immobilien AG, which has been doing business as Lübke Kelber AG since mid-December 2023, provides the company with access to the capital market and an opportunity to accelerate its growth strategy.

The new shares were acquired by JFK Vermögensverwaltungs GmbH, the family office of main shareholder Jürgen F. Kelber, and included in trading on the open market of Düsseldorf Stock Exchange’s “Primary Market” segment without the need for a prospectus.

Counsel to Deutsche Geothermische Immobilien AG
HEUKING:
Dr. Thorsten Kuthe (Lead),
Miriam Schäfer,
Anna Richter, LL.M.,
Stefan Westerheide, LL.M. oec,
Madeleine Zipperle,
Tatiana Vorotnitskaya, k.i.n (all Capital Markets), all Cologne