Cleary Gottlieb represented Citigroup Global Markets Limited as sole global coordinator and sole bookrunner, as well as Commerzbank AG and Landesbank Baden-Wuerttemberg as co-lead managers, in centrotherm photovoltaics AG’s €185 million initial public offering. The offering consisted of a public offering in Germany and an international private placement with institutional investors outside Germany and the United States. The shares began trading on the Frankfurt Stock Exchange October 12.
centrotherm photovoltaics is a technology and services provider for manufacturers of solar cells and solar silicon. Headquartered in Blaubeuren, Germany, the company employs around 100 people.