Simpson Thacher Advises KKR on €900 million OHB Re-IPO
Simpson Thacher represented Orchid Lux HoldCo S.à r.l., an entity owned by investment funds and other entities affiliated with KKR & Co. Inc. (“KKR”) and a principal shareholder of OHB SE (“OHB”), on its upsized sale of 1,394,612 existing no-par bearer common shares (including 369,500 overallotment shares) in OHB at an offer price of €300 per share.
This was part of OHB’s Re-IPO that raised €482 million in gross proceeds to OHB and up to €418 million (assuming full exercise of the greenshoe) to KKR. OHB’s common shares are traded on the regulated market of the Frankfurt Stock Exchange under the ticker symbol “OHB.”
OHB is a leading German space and technology group and one of the major independent players combining industrial and service activities in next-generation space-related technology in Europe.
The Simpson Thacher team includes Clare Gaskell and Deborah Harris (Corporate), Nick Shaw and Ziang Zhou (Capital Markets) and Étienne Renaudeau and Lina Kim (Antitrust/FDI).