Harneys Cyprus Advised Theon International PLC On €150 Million Capital Increase Through Rights Offering
Harneys Cyprus advised Theon International PLC on €150 million capital increase through rights offering
The global offshore law firm, Harneys Cyprus advised Theon International PLC, a Cyprus company with shares listed and admitted to trading on Euronext Amsterdam, on a secondary rights issue of ordinary shares raising €150 million. The proceeds were partly used to finance the acquisition of a 9.8% stake in Exosens SA, a leading French electro-optical technology company. Harneys worked closely with Theon and Clifford Chance in Frankfurt and Amsterdam.
Theon International is a leading developer and manufacturer of customisable night vision and thermal imaging systems for military and security applications across Europe, with a global footprint spanning 71 countries.
The Harneys Cyprus team was led by Nancy Erotocritou (Partner and Head of Cyprus Transactional Group), with support from Sonia Hamshaw (Partner), Valentina Hadjisoteriou (Counsel), and Elina Mantrali (Counsel).
Harneys’ team has a leading Equity Capital Markets practice with extensive experience in all aspects of capital raising by Cyprus companies, including cross-border IPOs and secondary offerings, advising entities listed or listing on major global stock exchanges.
Harneys is an international law firm with entrepreneurial thinking. Open, progressive, and personable, we provide advice on British Virgin Islands, Cayman Islands, Luxembourg, Cyprus, Bermuda, Anguilla, and Jersey law to a global client base which includes the world’s top law firms, financial institutions, investment funds, and private individuals. Our network is the largest among offshore law firms with locations in major financial centres across Europe, Asia, the Americas, and the Caribbean, allowing us to provide reliable and timely service of the highest quality to clients in their own languages and time zones.
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