Jamieson is pleased to announce that it has advised the management team of RENK Group AG on the company’s IPO on the Frankfurt Stock exchange.

Headquartered in Augsburg (Germany), RENK is a leading supplier for high-efficiency propulsion and drivetrain technology in the defence, marine and industry sector. Triton acquired the company in 2020 from majority owner Volkswagen and took the company private.

Renk’s placement price per share has been set at EUR 15, corresponding to an Equity Value of EUR 1.5bn. Triton sold ca. 33% via a secondary to institutional shareholders only. The listing price was EUR 17.50 and increased throughout the first trading day.

Felix Rose, Daniel Meschaninov and Philip Stahl advised the management team on the commercial terms relating to their shareholding at IPO.