IPO - Initial Public Offering

Prospectus and supplements for the IPO of Adler Group S.A.:

Supplement of prospectus as of 20 July 2015

Basic Information

Outline of information on the Initial Public Offering

Offer period

The additional offer period for institutional investors consisting of an accelerated book-building will start on 20 July 2015 and is expected to end on 22 July 2015, at 16:00 CEST

First day of trading

Planned for 23 July 2015

Price range

EUR 20 to EUR 25 per share

Offering size

Total offering size of at least EUR 400 million (excluding exercise of over-allotment option) and up to 10 percent over-allotment option

Contemplated proceeds to the Company

Gross proceeds of approximately EUR 200 million

Type of Offering

  • Public offering in Germany
  • Offering to institutional investors outside Germany and the United States in reliance on Regulation S under the Securities Act
  • Offering to qualified institutional buyers in the United States of America in reliance on Rule 144A under the Securities Act
  • Offering to Canadian accredited investors who are permitted clients in Alberta, British Columbia, Ontario and/or Quebec

Stock Exchange

Frankfurt Stock Exchange

Market Segment

Regulated market (Prime Standard)





Ticker symbol


Syndicate Banks

Joint Global Coordinators and Joint Bookrunners: Kempen & Co and UBS Investment Bank Additional Joint Bookrunners: Barclays and COMMERZBANK

Transaction Advisor

Arbireo Capital

Lock-up period

  • Company: 180 days
  • Existing shareholder: 180 days
  • Board members and senior management: 360 days