News and developments
Arendt advised tonies on a EUR 60 million capital increase and related listing on the Frankfurt Stock Exchange
Arendt has acted as issuer’s counsel to tonies SE, the world’s largest interactive audio platform and creator of a multi-billion Euro category in kids entertainment, on its successful 12,000,000 new class A shares placement with institutional investors, including certain existing shareholders, by way of an accelerated bookbuilding.
tonies is the creator and publisher of tonies®, the innovative and award-winning audio system for children aged three and up. Consisting of the Toniebox and the matching audio figurines - called Tonies - the system makes audio content touchable and enables a completely new kind of listening experience: “audio play”. Launched in 2016 in Germany, Austria, and Switzerland, tonies® is now available in twelve different countries on two continents and offers a portfolio of over 700 Tonies. tonies employs over 400 people and has been listed on the Frankfurt stock exchange through tonies SE since 2021.
The net proceeds are intended to be used to build up inventory for further growth and international expansion, particularly in the US, as well as to strengthen the balance sheet.
Our Arendt experts involved:
12/12/2022