P+P advised HeidelbergCapital on squeeze-out of nextevolution AG

The shareholders' meeting of nextevolution Aktiengesellschaft, Hamburg, has adopted, on 19 December 2014, by a large majority the transfer of the shares held by the minority shareholders to the main shareholder Heidelberg Capital Private Equity Fund II GmbH & Co. KG against payment of an adequate cash consideration in the amount of EUR 6.23 per share (squeeze-out).

The squeeze-out of the minority shareholders has become effective upon its registration with the commercial register on 18 February 2015. Upon registration, all shares held by the minority shareholders were transferred to the main shareholder. The listing of the shares of nextevolution AG at the Hanseatic Stock Exchange, Hamburg, will cease shortly.

The private equity investor HeidelbergCapital has recently acquired more than 95% of the shares of nextevolution AG, which are required for the squeeze-out, from the Hamburg-based investor Beaufort Capital GmbH. P+P Pöllath + Partners has also assisted HeidelbergCapital in the course of this transaction with Dr. Michael Inhester and Dr. Eva Nase.

The following Munich team provided comprehensive corporate and capital market advice in connection with the squeeze-out:

• Dr. Eva Nase (partner, corporate and capital markets law, lead)
• Dr. Bernd Grassl (partner, corporate and capital market law)
• Tobias Sawada (associate, corporate and capital market law)

Advisors of nextevolution AG were Deloitte Legal, Berlin, with its partner Frank Silverberger.