Altair Engineering
Altair Engineering is a leading provider of enterprise-class engineering software used in simulation technology.
Ticker: ALTR US
Country: United States
Sector: Software
Listing: NASDAQ
Market Cap pre Transaction:c. USD 1,395m
Offer Structure: SEC Registered Convertible Notes Offering. $230,000,000 Total Deal Value
Coupon %: 0.25
Conversion Premium: 30.00
Conversion Price: USD 46.50 per note
Use of Proceeds: Repay Debt
Berenberg Role:Co-Manager
Timing:
- Launch: 4 June 2019
- Pricing: 5 June 2019
- Maturity Date: 1 Jan 2024
Shop Apotheke Europe N.V. Tap
An operator of an online pharmacy. The Company markets and distributes non-prescription medications, beauty products, and personal care items across Europe.
Issuer: Shop Apotheke Europe N.V.
Ticker: SAE GY
Country: Germany / Netherlands
Sector: Pharmaceutical distribution
Original issue size: EUR 75m (EUR 100,000 per bond)
Tap size: EUR 60m
Post deal size: EUR 135m
Concurrent equity placement: 1.39m new ordinary shares via ABB
Initial tap price: 102.75%, excl. accrued interest
Final tap price: 99.47% (partially delta-adjusted with ABB discount)
Use of proceeds: Funding of continuous growth strategy including taking full advantage of the e-script opportunity, a marketplace rollout, enhanced product offering and general corporate purposes
Berenberg role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Barclays
Timing:
- Launch of ABB: 09 April 2019 post market
- Pricing date: 10 April 2019