Compleo

Joint Global Coordinator & Joint Bookrunner

Kempen & Co acted as Joint Global Coordinator & Joint Bookrunner in the Accelerated Bookbuild Offering of Compleo Charging Solutions AG

Placement of 342,348 new shares at an offer price of €82.65 per share, representing a 5% discount vis-à-vis the closing price prior to launch
The transaction generated gross proceeds of approximately €28.3m, representing 10% of the company’s pre-deal outstanding share capital
The new shares were placed with both existing shareholders as well as new institutional investors across Europe
Shortly prior to launching its first fundraising post IPO (October 2020), Compleo announced having entered into an agreement to acquire 100% of the shares in wallbe GmbH which markets AC charging solutions for the private, commercial and public sectors
This capital increase shall enable Compleo to continue pursuing its growth strategy, which, in addition to organic growth, also envisages further targeted M&A measures

Compleo is a leading supplier of charging solutions for electric vehicles, listed on the Prime Standard segment of the Frankfurt Stock Exchange since October 2020. The company realised a revenue growth in 2020 of +118% year-on-year
The company supports complete solution providers with its charging stations and, if required, also with the planning, installation, maintenance, service or backend of the charging infrastructure
Compleo’s offering includes both AC and DC charging stations and its DC charging stations are the first DC charging stations on the market that comply with German calibration law (Eichrecht)
The company’s customers include Allego, E.ON, EWE Go, Deutsche Post DHL Group, Deutsche Telekom, Siemens and over 150 public utilities in Germany
On 26 March 2021, Compleo entered into an agreement to acquire 100% of the shares in wallbe GmbH, which markets AC and DC charging solutions for the private, commercial and public sectors, for a preliminary purchase price of €34.8m. Compleo expects the transaction to be completed by the end of April 2021

Since 2020 to date, Kempen & Co advised on 59 transactions across different countries, representing a total deal value of c. €25bn in a challenging and unprecedented pandemic environment
This is another important transaction for Kempen & Co’s Infrastructure & Renewables franchise and we continue to support our clients active in the space
Kempen & Co successfully closed a wide variety of transactions, including public offers, sell-side mandates, fully virtual IPOs, bridge financings, hard underwritten rights issues and numerous follow-on ECM transactions as well as SPAC mergers