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Bregal Investments is an international private equity firm providing a platform for five direct investment teams and a fund-of-funds team across the US and Europe.

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All our investment teams have distinct investment strategies and focus on investing in mid-market companies in a variety of sectors in the US and Europe.

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Flexible capital and strategic assistance for market-leading companies in high-growth sectors.

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Equity capital for mid-sized companies in the DACH region and Northern Italy.

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Providing growth capital and strategic assistance to ambitious, market leading technology companies in Europe.

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Building world-class businesses in the middle market in North America.

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Energy, power and renewables focused middle market fund.

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Private equity funds, co-investments and secondaries.

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Our experienced global investment team seeks to create long-standing relationships and drive lasting impact within our portfolio companies.

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We champion a responsible investment approach focused on creating long-term, sustainable value and are conscious of the responsibilities we have towards all our stakeholders. 

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Examples of how we are collaborating with our portfolio companies to improve their ESG performance.

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Our Philanthropy Programme is designed to encourage our employees to become more active in charitable organisations.

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Bregal Helps Initiative

In early 2020, together with the COFRA Foundation, senior Bregal employees also established a €3 million Bregal Helps Initiative to help our portfolio companies support their local communities affected by Covid-19.  

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We have offices in seven locations in the US, UK, Germany, Jersey, Luxembourg and Italy.

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Novem Group sets final price for private placement at EUR 16.50 per share

Bregal Unternehmerkapital — 14 Jul, 2021

  • Successful placement of 14,984,848 shares to international institutional investors
  • Total private placement volume of EUR 247.2 million
  • Novem raises primary gross proceeds of EUR 50 million to optimize its capital structure and refinance liabilities
  • First trading day on the regulated market of the Frankfurt Stock Exchange (Prime Standard) is scheduled for 19 July 2021

Vorbach, 14 July 2021 – Novem Group S.A. (the "Company” and, together with its consolidated subsidiaries, “Novem Group” or “Novem”), a leading global supplier of premium decorative interior trim elements for automotive OEMs, today set the final offer price for its private placement at EUR 16.50 per share. A total of 14,984,848 shares were placed with international institutional investors. This corresponds to a total volume of EUR 247.2 million. Based on the final offer price, the market capitalization at the time of the listing of the Novem Group amount to EUR 710 million. The expected free float will amount to approximately 17.6%, assuming full exercise of the Greenshoe-Option.

We are very pleased about the high level of interest shown by institutional investors during our roadshow. We take it as a clear sign that Novem's Listing comes at the right time and that our investors support Novem's growth plans. The trust placed in us encourages and motivates us to continue to pursue this path and expand our leading market position.

3,030,303 newly issued shares from a cash capital increase (the "New Shares") have been placed. The corresponding primary gross proceeds of EUR 50 million will be used to optimize Novem’s capital structure and refinance liabilities to achieve a reduction of relevant interest rates. In addition, 10,000,000 existing shares (the "Base Shareholder Shares" and together with the New Shares, the “Base Shares”) have been placed from the holdings of Rokoko Automotive Holdings (Jersey) Limited (the "Selling Shareholder"), an entity controlled by funds advised by family backed investor Bregal. In addition, 1,954,545 shares have been allocated in connection with an over-allotment. The total offering size amounts to EUR 247.2 million (including the over-allotment).

As part of the private placement, a long-only institutional investor and the holding company of the Brenninkmeijer family entrepreneurs have placed orders. The Company is considering to allocate up to 3,000,000 shares to such long-only institutional investor and up to 4,425,000 shares to the holding company of the Brenninkmeijer family entrepreneurs in order to partly accept their respective orders.

Members of management holding shares have committed to a lock-up period of 720 days. The Company and the two existing shareholders are subject to a lock-up of 180 days.

The approval of the listing prospectus by the Luxembourg Financial Supervisory Authority (Commission de Surveillance du Secteur Financier or „CSSF“) is anticipated on or about 15 July 2021. After the approval,  the prospectus, will be available on Novem’s website https://novem.com/ in the "Investor Relations" section. Trading in the Company's shares on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange is expected to commence on 19 July 2021 under the trading code NVM, the international securities identification number (ISIN) LU2356314745 and WKN: A3CSWZ.

J.P. Morgan, Berenberg, COMMERZBANK are acting as Joint Global Coordinators, Jefferies and UniCredit are acting as Joint Bookrunners for the transaction.

About Novem

German-headquartered Novem is a globally leading supplier of decorative interior trim parts for the premium automotive industry. Across the range of key materials such as genuine wood, aluminium, carbon and premium synthetics, the company offers unrivalled quality, technology and innovation to a growing customer base of 18 automotive OEMs. Founded in Vorbach, Germany, back in 1947, the company has continuously expanded its global footprint in Germany, Italy, Czech Republic, Slovenia, China, USA, Honduras and Mexico. Novem employs about 5,700 people at 12 locations and achieved revenues of more than €600 million in FY 2020/21. Since 2011, Novem has been jointly owned by the family backed investor Bregal and by management.

For more information please visit www.novem.com.

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Bregal Unternehmerkapital

Equity capital for mid-sized companies in the DACH region and Northern Italy.

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