Corestate Capital prepares IPO in Germany decade after launch

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Switzerland-based investment manager Corestate Capital is preparing an initial public offering in Germany.

At present, the company’s two largest shareholders are co-founder Ralph Winter, with 64.2%, and Swiss-listed company Intershop, with 28.1%. 

Co-founder Thomas Landschreiber holds a 6.7% stake.

Proceeds of around €100m are expected to be raised with the listing, which the company said would be used for continued growth and co-investments with clients.

The company, which manages €1.4bn ($1.6bn) in assets, is aiming to increase the number of transactions and aim for higher deal volumes.

Sascha Wilhelm, chief executive at Corestate Capital Holding, said: “Going public will allow us to build on what we have achieved so far. It is the next logical step for us in driving our continued growth.”

Shares will also be offered to existing shareholders to allow for a free float of more than 50% after the IPO.

In addition to the German listing, Corestate will also offer a private placement to institutional investors in certain jurisdictions outside Germany and the US.

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