sdm SE goes public with Heuking

November, 2021 - Germany

A team led by Dr. Thorsten Kuthe legally advised Munich-based security company sdm SE on its IPO. 336,060 shares were placed at a unit price of EUR 3.50 per share. Gross issue proceeds from the shares, all from a capital increase, amount to EUR 1,176,210. sdm intends to use the capital from the IPO to implement its M&A strategy and to accelerate its growth.

The shares are expected to be listed on Düsseldorf Stock Exchange as of November 3, 2021. sdm is also aiming for a Xetra listing. Issuing services were provided by Wegerich, Prof. Dr. Hofmann, Zantiotis & Söhne AG.

sdm SE is the holding company of the operating subsidiaries sdm Sicherheitsdienste München and W&W Dienstleistungen. Established in 1999, the group is one of the leading security service providers in the Munich metropolitan region. sdm specializes in plant and property protection, the transport of valuables and money, the organization of events, and the protection of individuals. Its more than 300 employees possess extensive expertise in first aid and fire protection and receive regular training. In 2020, sdm generated sales of EUR 10.4 million and an operating profit of EUR 0.88 million.

Counsel to sdm SE
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead, Capital Markets),
Madeleine Zipperle,
Meike Dresler-Lenz,
Anna Richter, LL.M.,
Ebru Köroglu, all Cologne

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