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visit www.finance-monthly.com Derby cycle aG iPo


Derby cycle aG is now listed on the Prime standard of the frankfurt stock exchange. the company is Germany's largest manufacturer of bicycles and one of the leading manufacturers in europe in terms of sales. the shares can be traded under isin De000a1H6Hn1 and German securities identification number (WKn) a1H6Hn. Derby cycle aG's initial listed price was eur 13.15 (around 5.2% above the fixed issue price of eur 12.50). A total of 7,500,000 ordinary no par value bearer shares were admitted to trading. Consequently, the company's market capitalisation amounted to EUR 98.6 million at its market debut. "This represents a wonderful success for


us. We are pleased that the IPO has been so successful. The business model was well accepted by investors both in Germany and abroad. We aim to use the proceeds from the capital increase to now intensify our planned further corporate growth, the expansion of our successful business with electric bicycles, and our internationalisation," stated Mathias Seidler, Derby Cycle AG's CEO. He added: "Our solid financial structure


and our leading market position in Germany with our five high-quality bicycle brands, Focus, Kalkhoff, Univega, Raleigh and Rixe, form an outstanding foundation for this." In terms of revenue, Derby Cycle AG is


the largest bicycle manufacturer in Germany and one of the leading manufacturers in Europe. The Derby Cycle Group’s top-quality product range includes e-bikes, sport bikes for leisure cycling and competition, and comfort bikes for every day and travel use. fi


eDl-Generation Public coMPany (eDl-Gen) incorPoration anD


iPo since october 2010, thailand and laos regional law firms, ls Horizon limited and ls Horizon (lao) limited have been representing eDl, one of the largest state enterprises engaging in power generation, transmission and distribution in lao PDr, in connection with its restructuring and the privatization of the power generation sector of lao PDr. they provided professional legal services in relation to the incorporation of eDl-Gen as well as the initial public offering of up to 217,149,000 ordinary shares of eDl-Gen with a par value of lao Kip 4,000. the total value of the offering was approximately lao Kip 931,998,330,000 or approximately usD 115,603,860. EDL-Gen is the first public company in


Lao PDR to have its shares listed and traded on the LSX, the first-ever Lao securities market, which officially opened on 10 October 2010. The incorporation of EDL-Gen was initiated by the Government of Lao (GOL) with a view to restructuring the energy business of EDL by transferring certain existing EDL power generation assets to EDL-Gen according to the Resolutions of the National Assembly Standing Committee of Lao PDR and the Decree and Decision of the Prime Minister’s Office issued in December 2010. The EDL-Gen was


successfully


incorporated as a public company on 15 December 2010 and its shares were first traded on the LSX on 11 January 2011. fi


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Kerten Private equity acquisition of a Minority staKe in elit


ciKolata Kerten Private equity has acquired a minority stake in elit cikolata, a well-established turkish confectionary company. Established in 1924 Elit offers 400


products, exporting them to 33 countries, with one-fifth of its revenue coming from foreign sales. “With this international partner, Elit will


strengthen its institutional and financial infrastructure, cementing its place in the sector with investments and new products,” said Burak Halimoğlu, Elit’s general manager. “The development of the chocolate and


candy sector in the past few years and its growth potential constitute a solid base for investments,” Halimoğlu said. Gabriella Kindert, Non-Executive Director at Kerten Private Equity, explained: “Elit is a respected company with a


unique heritage, excellent product quality and a diverse product portfolio. This combined with their strong brand recognition, reputation, and expertise in the Turkish chocolate industry, creates significant opportunities in this sector.” Kolcuoglu Demirkan Attorneys at Law,


acted as Kerten’s legal counsel, and 3 Seas Capital Partners, Turkey’s leading corporate finance company for completed M&A transactions in 2008, 2009 and 2010, acted as the exclusive sell-side financial advisor of Elit Cikolata and its shareholders in this transaction. The team of Kolcuoglu Demirkan was led by managing partner Dr. Umut Kolcuoğlu, who commented: “The experience of our team in local laws and in cross-border corporate transactions enables us to provide efficient and effective legal advice to our clients.” Tarık Sarlıgil, 3 Seas Managing Partner


commented: “Having a global corporate network and utmost experience, we provided top level service for Elit Çikolata.” fi


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