OHB SE (ISIN: DE0005936124, Prime Standard, “OHB”), a leading European aerospace and technology company, has successfully completed the planned strengthening of its capital base to implement its growth strategy. The new minority investor, Orchid Lux HoldCo S.à r.l., a holding company controlled by investment funds, vehicles, and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co L.P. (KKR), has subscribed to a capital increase of the company in accordance with the agreements signed in August 2023. The share capital of OHB SE was increased by 10% against cash contributions, utilizing part of the Authorized Capital 2020 and excluding shareholders’ statutory subscription rights. The subscription price corresponds to the offer price of the voluntary public tender offer by Orchid Lux HoldCo S.à r.l. of EUR 44.00 per new share.
In total, 1,746,809 new shares were issued as part of the capital increase, generating gross proceeds of approximately EUR 77 million. The Company’s share capital thus amounts to EUR 19,214,905.00, divided into 19,214,905 no-par value common shares, each with a par value of EUR 1.00. The new shares were admitted to trading today.
Marco Fuchs, CEO of OHB: “With this recent capital increase, we have taken another step toward our goal of becoming the leading provider of space solutions in Europe. We look forward to the new opportunities and prospects that we will pursue together with KKR.”
OHB, which remains under the long-term control of the Fuchs family and operates as an independent family-owned company, will allocate the additional capital to its three segments—SPACE SYSTEMS, AEROSPACE, and DIGITAL—to position itself to meet the growing demand for privately funded, cost-effective, and flexible space solutions.
KKR is also investing a total of EUR 30 million through convertible bonds in the further development of Rocket Factory Augsburg AG to advance the development of the RFA ONE microlauncher through to its successful maiden flight.