A&O Shearman advised banks on Schneider Electric’s EUR6 billion capital increase

The capital increase was carried out through an accelerated private placement with qualified investors and involved the issuance of 25 million new shares at a subscription price of EUR240 per share, representing approximately 4.32% of Schneider Electric’s share capital prior to the transaction.

Schneider Electric is a global energy technology leader focused on electrification, automation and digitalization across industries, businesses, and buildings. The group operates in more than 100 countries, has 160,000 employees and works with a network of one million partners worldwide.

The A&O Shearman team was led by partner Olivier Thébault, assisted by senior associate Jade Billère-Mellet and associate Bénédicte Cheyrou-Lagrèze on the ECM/M&A aspects. The team also included partner Mathieu Vignon, and senior associate Virginie Chatté on tax matters, as well as partner Diana Billik and senior associate Maggie Casteel on U.S. securities law aspects.