Press Release November 08, 2021

Goodwin Advises Veganz Group AG on Initial Public Offering

The Frankfurt team advised Berlin-based Veganz Group AG on all corporate law issues related to the implementation and structuring of its IPO. Veganz is thus the first purely plant-based vegan food manufacturer to be listed on a European stock exchange. The NOERR law firm, led by Dr. Laurenz Wieneke, advised on all capital market law issues in close cooperation with the Goodwin team. The IPO is being carried out partly with new shares and partly with shares from the holdings of selling shareholders. 

The placed IPO amounts to approximately EUR 47.6 million. The shares were significantly oversubscribed by a large number of investors. The first day of trading on the Frankfurt Stock Exchange (Scale Segment) is scheduled for November 10. 

Founded in 2011, Veganz Group AG is a German manufacturer of vegan products and has already developed around 470 items. Veganz offers a purely vegan range of products from confectionery to pizza. The company is currently valued at more than 106 million euros. 

The Goodwin team was led by Markus Käpplinger with support from Heiko Penndorf, Felix Krüger and Robert Jochim, Bastian Schmack and Nadine Gommel.

For additional details on the offering, please read the press release (in German).