MUNICH, May 7, 2015 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Sixt SE on the successful IPO of its 100 percent subsidiary Sixt Leasing AG. Sixt Leasing AG comprises all activities of the Sixt group in fleet leasing, fleet management and in online retail leasing.
In connection with the IPO, a total of around 12.4 million shares were placed of Sixt Leasing AG for a price of approximately EUR 20.00 per share. Of the shares placed, around 5.6 million originate from a capital increase and approximately 5.2 million originate from the holdings of Sixt. Additional 1.6 million shares from the holdings of Sixt were placed through an over-allotment (greenshoe option). The Sixt Leasing AG shares were admitted to trading on the regulated market on the Frankfurt Stock Exchange (Prime Standard). Through the IPO, Sixt has reduced its stake in Sixt Leasing AG to 40%.
The Milbank team advised Sixt SE comprehensively on corporate and capital markets law as well as on the tax and finance aspects of the transaction.
Advisor to Sixt SE: Milbank, Tweed, Hadley & McCloy LLP
Christoph Rothenfusser, Norbert Rieger (both Corporate/M&A, Munich), Mathias Eisen (Banking & Finance, Frankfurt), Matthias Schell (Tax, Munich), Malte Krohn, Sebastian Reiner (both Corporate/M&A, Munich), Nikolas T. Koutsós (Banking & Finance, Frankfurt)
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
