Hengeler Mueller advises United Internet AG on participation in capital increase against contributions in kind at 1&1 AG

United Internet AG is participating in a capital increase against contribution in kind at its listed subsidiary 1&1 AG. The share capital of 1&1 AG will be increased by 20%, with the subscription rights of the remaining shareholders being excluded.

As a contribution in kind, United Internet is contributing an intercompany loan receivable of approximately EUR 850 million against 1&1 Versatel GmbH, an indirect wholly-owned subsidiary of 1&1 AG.

The transaction strengthens the equity base of 1&1 AG while also simplifying the group's internal financing structure.

Hengeler Mueller advised United Internet on the transaction.

Inhouse team United Internet AG

Martin Düker (Group General Counsel) and Tilmann Becker (Expert Legal Corporate and M&A) provided in-house legal support for United Internet.

Hengeler Mueller team for United Internet AG         

Corporate/M&A: Daniela Favoccia (lead), Lucina Berger (both partner), Lea Sophie Grohmann (counsel), Ramon Schmitt (associate, all Frankfurt),

Capital Markets: Alexander Rang (partner, Frankfurt).