Noerr advises shareholder Koehler Invest GmbH on the business combination of BigRep GmbH with SMG Technology Acceleration SE (SPAC)

Under the leadership of partners Andre Happel and Julian Schulze De la Cruz, Noerr has advised Koehler Invest GmbH, the anchor investor of BigRep GmbH, on the latter’s business combination with SMG Technology Acceleration SE, a company listed in the General Standard segment of the Frankfurt Stock Exchange’s Regulated Market. The shares of SMG Technology Acceleration SE, renamed BigRep SE, are to be traded on the Frankfurt Stock Exchange for the first time starting in the first quarter of 2024.

SMG Technology Acceleration SE is a Luxembourg special purpose acquisition company (SPAC) focussed on acquiring companies in the additive manufacturing/3D printing, software as a Service (SaaS) and digital infrastructure/blockchain-based technologies sectors.

With locations in Boston, Shanghai and Singapore, BigRep GmbH is a worldwide leading provider of large-format industrial 3D printers. Simultaneously with the business combination with the SPAC, BigRep acquired the market leader in high-temperature 3D printing, Austria-based HAGE3D GmbH, thereby adding complementary products to its range, which had focussed on low-temperature 3D printing.

BigRep SE’s market capitalisation is expected to amount to around €130 million. Thanks to a private placement of additional new shares prior to its stock exchange listing, the company aims to receive new funding of at least €30 million to finance growth investments and strategic acquisitions.

The Noerr team had provided Koehler Invest with extensive advice on its investment in SMG Technology Acceleration SE and the subsequent business combination with BigRep GmbH, in which Koehler Invest, its largest shareholder, plays a major role. Noerr advises companies of the Koehler Group on corporate and tax law on a regular basis.

Advisors to Koehler Invest GmbH: Noerr Partnerschaftsgesellschaft mbB

Lead: Andre Happel (partner), Julian Schulze De la Cruz (partner, both Frankfurt)

Capital Markets: Philip Schmoll (associated partner), Thomas Thies (senior associate, both Frankfurt)

Private Equity: Dominik Rompza (partner), Nicolas Schlüter (senior associate, both Berlin)

Employment & Pensions: Boris Blunck (partner, Frankfurt)

Tax: Benedikt Rippert (senior associate), Thomas Renner (associate), Antonia Bach (associate, all Frankfurt)