S&C Advises HelloFresh in the Placement of €175 Million Convertible Bonds

May 14, 2020

A Frankfurt-based S&C team advised long-standing client HelloFresh in the placement of €175 million 0.75% convertible bonds maturing in 2025 with a conversion premium of 40%. The convertible bonds were offered in an accelerated bookbuild offering exclusively to institutional investors.

Headquartered in Berlin, Germany, HelloFresh is one of the leading meal-kit companies with a current market capitalization of €6 billion. S&C has represented HelloFresh since its IPO in 2017 and continues to advise them on corporate and capital markets related matters, including annual shareholders' meetings. The S&C team advising HelloFresh on this matter was led by Carsten Berrar, co-head of the S&C's Capital Markets Group, and included Lars Rueve and Wolfram von Frankenberg.