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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Switzerland > Banking and finance > Law firm and leading lawyer rankings

Editorial

Geneva

Index of tables

  1. Banking and finance: Geneva
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Geneva clients in Switzerland using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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The ‘very professional and pragmatic’ banking and finance practice at Lenz & Staehelin covers regulatory and financing matters and provides further assistance in relation to corporate lending, financial products and fintech. Practice head Shelby du Pasquier advised private equity company Unigestion on its acquisition of Akina, while investment management expert François Rayroux continues to act as Swiss Counsel to ISDA. Credit Agricole Financement and Orox Asset Management are other active clients. Recommended counsel Laurence Vogt Scholler, Fedor Poskriakov and Olivier Stahler are other names to note.

The Geneva-based practice of Baker McKenzie is especially known for its regulatory and securitisation expertise. An exemplary highlight of the latter is Frédéric Bétrisey’s advice to Credit Agricole Corporate and Investment Bank in relation to the arrangement of residential mortgage-backed securities worth CHF200m. The Canton of Geneva is another longstanding client. Martin Anderson is a key contact.

Bär & Karrer Ltd.’s banking and finance team advises financial institutions, including Swiss and national subsidiaries of international banks, as well as insurance companies on regulatory and transactional matters, but also represents them in enforcement and criminal procedures. The client roster includes Banque Cantonale de Genève, UBS and Credit Suisse. Cédric Chapuis heads the team, which also fields banking litigation expert and ‘brilliant strategist with good cross-border connections’ Saverio Lembo. Christophe Buchwalder joined Gantey Attorneys.

BianchiSchwald LLC’s ‘reactive and efficient’ team engages in regulatory and commercial banking, investment as well as criminal and contentious matters related to the industry. Typical clients include banks, asset managers, security dealers, private equity companies and investment funds. Practice lead Thomas Goossens and Thierry Amy further participate in think tanks set up by the firm in the light of major banking and investment industry changes.

The team at ‘well-reputed and highly competentFBT Attorneys-at-Law is ‘very experienced in all legal aspects related to the fund industry and wealth management’. Headed by the ‘excellent’ Frédérique Bensahel, the group also handles regulatory banking aspects, enforcement procedures from financial authorities and industry-related dispute resolution. Recent highlights include assisting clients with their compliance programs and advising asset managers on anti-money laundering investigations by the FDF. The ‘excellent listener and knowledgeablePierre-Olivier Etique is also recommended, as is Jean-Louis Tsimaratos for his ‘analytical skills’.

The ‘very client-oriented and responsiveLalive delivers ‘outstanding services’ in litigation against banks by applying ‘aggressive’ methods; however, ‘strong practical advice’ is also provided on regulatory issues. Marc Henzelin often represents high-net worth individuals in asset freezing, fraud and wrongful execution matters and jointly heads the practice with Alexander Troller, who is an ‘exceptional practitioner with unrivalled technical expertise’. ‘Effective’ litigator Sandrine Giroud is also recommended.

The Geneva team of Pestalozzi Attorneys at Law Ltd provides ‘solid work’ in relation to regulatory, transactional and contentious matters. The ‘calm’ Sébastien Roy handles financing, contractual and regulatory aspects, while Christophe Emonet specialises in litigation and FINMA investigations. The team advised HSBC and a syndicate of banks on the financing of ChemChina’s $43bn public tender offer to acquire Syngenta and also represented a Russian oligarch against a Swiss private bank in a liability matter.

Clients ‘feel in safe hands’ with ‘client-focused and pragmatic’ firm Schellenberg Wittmer Ltd and can rely on ‘timely responses’ for regulatory, investment management, FINMA authorisation and litigation matters. The Geneva practice supported Credit Suisse Funds regarding the establishment and FINMA approval of the Swiss Mortgage Umbrella Fund. Team lead Caroline Clemetsonhas the best know-how about collective investment schemes’; the ‘logical and reasonable’ Grégoire Wuest and newly promoted partner Tarek Houdrouge are also recommended.

Froriepis a reliable partner with a very strong level of availability, expertise and knowledge’ and covers both regulatory and cross-border financing work as well as advice on the Collective Investment Schemes Act. The team advised lead arranger ING Bank regarding a facility granted to MET Holding and further assisted Longbow Finance with an application for authorisation to FINMA. Jean-Luc Herbez has a ‘unique set of skills and experience on every banking subject’, while Jérôme de Montmollin ‘understands the clients’ needs’. Another name to note is head of the Russia/CIS desk Dmitry Pentsov.

Gillioz Dorsaz & Associés’ practice possesses ‘great theoretical and practical knowledge’, resulting in ‘competent legal opinions’. The team focuses on advising on investment transactions, compliance matters, fintech and regulatory work. In a highlight, the group advised two banks on regulatory and compliance matters related to the Financial Market Infrastructure Act. The main contact for clients is the ‘sensible and experienced’ Géraldine Badel Poitras, who joined from Vecchio Avocats in April 2017, while Christian Valentini and Damien Cand are also active in transactional and contentious matters.

Jacquemoud Stanislas covers regulatory, compliance and contentious aspects of both public and private banking matters. Recent highlights include advice to banks and asset managers relating to the amendment of the Federal Act on Combating Money Laundering and Terrorist Financing, the set-up of investment vehicles and debt financings as well as litigation concerning the release of frozen bank accounts. Philippe Jacquemoud and Jean-Pierre Jacquemoud are the names to note.

Mangeat Attorneys at Law LLC exhibits an ‘outstanding professional approach and sense of client relationships’ and provides ‘structured, relevant and extremely valuable advice’, mainly in relation to asset management and anti-money laundering. The ‘responsive, dynamic and pragmaticFabien Aepli assisted an asset management company with a provisional freezing measure that was imposed on the client by a Liechtenstein bank and also represented BCM & Partners before the FINMA concerning a collective investment scheme matter application. Senior associates Nurith Cohen and Fanny Margairaz are recommended as ‘very professional and helpful’.

The four-partner team at Meyerlustenberger Lachenal Ltd handles regulatory, financial product, investment fund and litigation matters. Jean-Christophe Liebeskind advised UBS on establishing securitisation instruments for the financing of oil trade transactions in China worth $650m and the team also assists Landolt & Cie and Banque CIC Suisse on an on going basis. Team lead Christophe Rapin provides expertise on banking regulations such as MiFID, while Alain Le Fort also practices asset recovery. Nicolas Didisheim is the main contact for private banking.

Oberson Abels Ltd provides expertise on regulatory and contractual matters, collective investment schemes, licensing in the banking sector as well as financing transactions. The team, which at partner level consists of Antoine Amiguet and Philipp Fischer, assisted the Swiss subsidiary of a banking group with the review of financial product distribution agreements as well as contract and form updates. The group also advised asset managers on license applications to become Swiss fund managers and assisted an international organisation with a social impact bond project.

Python’s banking team is recommended for its ‘good industry knowledge and responsiveness’, working on licensing, investment fund, anti-money laundering, compliance, litigation and FINMA matters. Jean-Yves Rebord has particular expertise in financial products, while practice lead Nicolas de Gottrau provides ‘very good legal analysis and advice’.

Walder Wyss is recommended for its ‘overall excellent level of service’, especially with regards to drafting non-standard documents and commodity trade finance. The team assisted Safra Sarasin with the acquisition of all shares in Credit Suisse Monaco and Credit Suisse Gibraltar. Practice head Patrick Vogel is supported by the ‘client-oriented, efficient and hands-on’ Hubertus Hillerström, who ‘can cope with all kinds of requests’ and made partner in 2018.


Zurich

Index of tables

  1. Banking and finance: Zurich
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Who Represents Who

Find out which law firms are representing which Zurich clients in Switzerland using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

Bär & Karrer Ltd. has ‘broad experience in a wide range of litigation cases and regulatory proceedings’ for the whole range of financial service providers; and creates ‘in-depth teams for various matters out of one hand’ additionally the team is adept at handling debt and acquisition financings as well as derivative transactions. Notable highlights included assisting EQT Infrastructure II with the acquisition financing of CHEP Aerospace Solutions. Goldman Sachs, UBS and Valora are also clients of the practice. ‘Concise and pragmatic’ litigation partner Andreas Länzlinger and ‘outstanding’ regulatory expert Rashid Bahar are recommended along Eric Stupp, who ‘brings long standing industry expertise’ and jointly leads the fintech practice with newly promoted partner Daniel Flühmann.

Homburger is highly recommended for its ‘legal and advisory services’, which cover regulatory aspects, financings and transactions. Recent highlights include the assistance provided to ChemChina regarding its $43bn acquisition of Syngenta and advising Credit Suisse’s Swiss Mortgage Fund I on sale and transfer risk advice of loans. The team also represented UBS in regulatory and FINMA enforcement proceedings related to its FX business. René Bösch and Daniel Haeberli are recommended along counsels Lee Saladino, Eduard De Zordi and Benjamin Leisinger, who made partner in 2018.

The Zurich team of Lenz & Staehelin is particularly experienced in structured, syndicated bank, project and lease finance and also handles restructurings, securitisations and derivatives. The team advised Battery Ventures on its all-shares acquisition of Rotronic and also as part of a bank syndicate on financing CVC’s acquisition of Breitling. Other active clients are Citigroup Global Markets, ISDA and ING Bank. Patrick Hünerwadel leads the team, which also includes key partners Marcel Tranchet, Patrick Schleiffer and Stefan Breitenstein.

Niederer Kraft Frey provides ‘regulatory and contractual services that are professional in every sense’. The practice also supports clients in contentious banking matters and advises on fintech as well as financing transactions. In a recent highlight, Philippe Weber assisted EFG International with transaction financing and regulatory issues related to its acquisition of private bank BSI from BTG Pactual and Marco Häusermann advised Thomson Reuters on a $2.64bn credit agreement with a number of international banks. ‘Outstanding, diligent and pro-active’ practice heads Sandro Abegglen and François Bianchi as well as associate Martin Schaub are recommended.

Baker McKenzie’s ‘outstanding, highly competent’ team has ‘excellent industry knowledge’ and is considered a ‘safe, reliable choice of partner’ due to their ‘flexible, client-oriented approach’, especially in relation to credit transactions and financing documentation. The practice also focuses on regulatory implementations, such as the Financial Market Infrastructure Act, and securitisation work. Recent highlights include advising Walter Meier AG on the CHF118m financing of its de facto merger with Tobler Haustechnik. Markus Affentranger retired in June 2017 and handed the practice lead to ‘very experienced and competent’ financing expert Lukas Glanzmann and the ‘highly qualified and pragmatic’ Samuel Marbacher. Associate Philip Spoerlé is ‘skillful and efficient’.

Pestalozzi’s ‘outstanding’ team provides a ‘very high overall quality level with one of the best values for money and fast response times’. Apart from supporting Credit Suisse as security and escrow agent during the ChemChina – Syngenta public tender offer, the team also advised VTB Bank on several financings and commodity trade transactions. Practice lead Urs Kloeti and senior associate Philipp Otto attract praise for their ‘subject matter expertise and professional approach’, while Oliver Widmer is ‘highly client-oriented, practical and commercial’. Severin Roelli and Beat Schwarz impress in banking M&A and financial transactions.

Schellenberg Wittmer Ltd has a ‘distinctive level of detailed, pragmatic expertise and responsiveness’, covering regulatory and contractual matters, banking-related M&A and restructurings, investment management and syndicated lending. Philippe Borens advised Reichmuth Investment Management on structuring a locomotive portfolio. BNP Paribas, Raiffeisen and Landesbank Baden-Württemberg are also clients. Martin Lanz heads the practice and the ‘skilled and business-mindedOlivier Favre impresses with ‘outstanding derivative, regulatory EMIR/FMIA and international transaction experience’.

The Zurich team of Walder Wyss Ltd focuses on lending and other financial transactions, securitisation and regulatory matters, such as obtaining FINMA licences, and representing clients in fund authorisation processes. The group advised J.P. Morgan and a syndicate of banks on the CHF1.4bn financing of EQT’s public tender offer to acquire all shares of Kuoni Travel, and further supported Helvetica Property in their application to become a licensed fund manager according to the Swiss Collective Investment Schemes Act. UBS, Zürcher Kantonalbank and Leonteq Securities are longstanding clients of the team, which is led by Francis Nordmann and Lukas Wyss. Luc Defferrard, Theodor Härtsch and Thomas Müller are other names to note.

CMS handles financing, corporate lending and regulatory matters, which include licence applications, FINMA rulings, as well as securities, insurance, anti-money laundering and derivatives trading issues. A major highlight for the three-partner team was the $1.8bn loan refinancing advice provided to Novelis. Other refinancing clients are Claire’s Accessories UK and synlab. Team head Jürg Guggisberg, Kaspar Landolt and André Lebrecht are the names to note.

Meyerlustenberger Lachenal Ltd (MLL)impresses with broad knowledge on banking issues and technical strength in finance transactions, especially in the Islamic market’, as well as ‘a cooperative, team-oriented working manner’; syndicated lending, banking litigation, M&A and fintech are other mainstays of the practice. Notably, the ‘helpful and solution-orientedDaniel Schoch advised Meyer Burger Technology on a CHF354.5m financial recapitalisation program, while ‘competent, reliable and commercial’ team lead Alexander Vogel assisted digital asset manager Move Wealth Management with its strategic investments from Credit Suisse and Falcon Private Banking. Further recommended are the ‘knowledgeable and attentiveSamuel Ljubicic and Karin Oberlin, who ‘has a good understanding of both legal and commercial aspects’.

Vischer has ‘a very strong financing practice’ that is ‘pro-active, forward-looking and creative in generating solutions’. The team advised an international bank who acted as a lender in relation to a credit facility granted to an oil and gas company. Practice head Markus Guggenbühl is an ‘outstanding strategic thinker’, while insolvency expert Jana Essebier is also recommended. The ‘service-orientedBenedict Christ and Christian Oetiker are the key contacts for banking M&A and litigation.

Wenger & Vieli focuses on drafting legal opinions on regulatory topics, such as the Financial Market Infrastructure Act, and product issuances. Other areas of expertise are fintech, syndicated loans, lending structures and claims prevention. The team assisted block-chain company Lykke with the establishment of an organised trading facility. The client base also includes Interhoerbiger Finance, Falcon Bank and SIX Group. Bignia Vieli, Martin Hess and Andreas Hünerwadel are the key partners.

Bratschi Ltd’s ‘highly available and pragmatic’ banking and finance practice consists of regulatory, financing, litigation and asset management teams which offer ‘partner attention at reasonable rates’. Active clients include St Galler Kantonalbank, Raiffeisen, DZ Privatbank and Humboldt Re. Reto Arpagaus, Hannes Glaus and Barbara Jecklin are the main advisers.

Buis Bürgi AG handles both non-contentious and contentious banking matters, with particular expertise in representing clients against Swiss banks. The main focuses are private equity transactions, white-collar crime matters, loan restructuring and regulatory issues. Banking and finance partner Eric Buis and litigator Paul Bürgi are supported by seven associates.

Froriepprovides clear, succinct advice in a format which is easy for clients to digest and also offers a transparent fee system’. The practice’s activities cover banking M&A and regulatory advice as well as cross-border financing, while special expertise exists in relation to real estate investment vehicles. Recent highlights include advising Oaktree Capital Management on the refinancing of Adent Cliniques Dentaires. Team lead Catrina Luchsinger is recommended for her ‘client orientation’, as are ‘intelligent’ counsel Mark Montanari and senior associate Jérôme Pidoux.

Kellerhals Carrard has experience in advising on asset management services, leasing transactions, fintech, white-collar crime and general regulatory banking law. In a notable highlight, the team advised UBS on regulatory matters regarding their exchange traded funds platforms. Man Group is another active client. Dominik Oberholzer, Daniel Staehelin and Armin Kühne are the key lawyers; Cornelia Stengel made partner in July 2017.

The Zurich team of Lalivehas strong capabilities and is extremely knowledgeable’, offering expertise in regulatory, compliance, litigation and investigation matters. The group advised Thurgauer Kantonalbank on a cross-border investigation concerning alleged assistance with tax avoidance. The ‘well-organised, forward-planning, practical and effectiveDaniel Lucien Bühr is recommended and Simone Nadelhofer is another name to note. Matthias Gstoehl joined from Nater Dallafior Rechtsanwälte AG in April 2017.

Prager Dreifuss AG is especially known for its cross-border project financing, transactional and syndicated loan work. Team lead Daniel Hayek is supported by corporate finance expert Andreas Moll, regulatory adviser Urs Bertschinger and Matthias Bürge, who has deep transactional experience.

Staiger Attorneys at Law Ltd is active in both public and private banking, especially in relation to regulatory compliance, finance transactions and white-collar crime. The team advises Bank Hapoalim on an ongoing basis and also represented the cleint in a US tax investigation. Désirée Wiesendanger and Philipp Känzig are the names to note.


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Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 17 February 2017: Auris Medical's Public Equity Offering

    Auris Medical Holding AG (NASDAQ: EARS) issued and priced its public offering of 10,000,000 common shares and 10,000,000 warrants, each warrant entitling its holder to purchase 0.70 of a common share.  The common shares and warrants are being sold in units comprised of one common share and one warrant at the public offering price of USD 1.00 per unit. The warrants will be immediately exercisable at a price of USD 1.20 per common share and are exercisable for five years. In connection with the offering, the Company has granted the underwriter a 30-day option to purchase up to 1,500,000 additional common shares and/or 1,500,000 additional warrants at the public offering price less underwriting discounts. The offering is expected to close on or about February 21, 2017, subject to customary closing conditions. Roth Capital Partners is acting as sole book-running manager in the offering. Maxim Group LLC is acting as a financial advisor in the offering.
  • 16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)

    Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the Credit Suisse Group to meet regulatory requirements for systematically important banks.
  • 14 February 2017: BASF acquires Rolic Group

    BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
  • 15 February 2017: gategroup CHF 300 mio. bond issuance

    gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the listing of the new bond on the SIX Swiss Exchange.
  • 17 February 2017: RWS acquires LUZ, Inc.

    RWS Holdings plc, a world leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, has completed the acquisition of 100% of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco, for a cash consideration of USD82.5m.
  • 17 February 2017: Cembra Money Bank acquires invoice financing provider SWISSBILLING SA

    Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING. The transaction is expected to close within the first quarter of 2017. The transaction consideration was below CHF 10 million and is expected to have a negative impact of 0.1% on the Group’s CET1 ratio as at closing.
  • 7 February 2017: TPF closes private offering and bank financing

    Transports publics fribourgeois Trafic (TPF TRAFIC) SA closed the financing of its maintenance and exploitation centre in the canton of Fribourg. The financing was partly made through a CHF 40 mio. private placement, a CHF 32 mio. secured bank loan and a CHF 55 mio. unsecured bank loan.
  • 3 February 2017: Migros acquires Tipesca

    The Migros Group, through Mérat & Cie. SA, has acquired Tipesca SA, a company incorporated in the canton of Tessin. Tipesca offers a wide range of fish products.
  • 24 January 2017: Sharp Corporation and Skytec Group Limited enter into strategic business alliance

    Japan-based Sharp Corporation, part of Taiwan’s Foxconn Group, enters into a strategic business alliance with Skytec Group Limited (“Skytec”) regarding the manufacture and sale of Sharp branded products and services in Europe. For that purpose, Sharp acquires a majority stake of 56.7% in the newly incorporated joint venture Skytec UMC Ltd.
  • 25 January 2017: Zug Estates CHF 100 mio. Bond

    Zug Estates Holding AG (SIX: ZUGN) has successfully issued its first CHF 100 mio. fixed-interest bond with a 0.7% coupon and a 5-year maturity.

Press Releases in Switzerland

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Bär & Karrer Advises Constellium on the Sale of Rolling Business Assets in Sierre, Switzerland, to

    On 23 July 2018, Constellium Valais SA, a company of the Constellium group engaged in the aluminium plate and extrusions businesses for industry, aerospace and transportation applications, successfully completed the sale of its aluminium rolling business assets in Sierre, Switzerland, to Novelis Switzerland SA for EUR 200 million. The assets, consisting of real estate, machinery and equipment, were previously leased by Constellium Valais to Novelis Switzerland and both parties will continue to operate in Sierre following the transaction. Concurrently with the asset sale, Constellium Valais contributed the Sierre site's shared infrastructure to a newly established 50-50 joint venture with Novelis Switzerland.
  • Bär & Karrer Advises Bank Cler in Connection with the Public Tender Offer by Cantonal Bank of Basel

    On 20 June 2018, the Cantonal Bank of Basel, which already holds 77.52% of the share capital and the voting rights of Bank Cler Ltd., published the preannouncement for a public tender offer for all publicly held bearer shares of Bank Cler, which is listed on the SIX Swiss Exchange. Subsequently, Bank Cler concluded a transaction agreement with the Cantonal Bank of Basel regarding the public tender offer. The Cantonal Bank of Basel offers CHF 52 per share of Bank Cler. Taking into consideration the results of the Fairness Opinion of an independent Expert, the board of directors of Bank Cler recommends to its shareholders to accept the offer.
  • Bär & Karrer Successful in Appeal Proceedings before the Federal Administrative Court Against the F

    On 11 May 2016, the French tax authorities requested administrative assistance from the Swiss Federal Tax Administration. The request was made based on lists containing several thousand UBS Switzerland AG account numbers which are or were held by persons presumed to be French residents for tax purposes. The French tax authorities were asking for Switzerland to provide names and dates of birth of the persons connected to the accounts as well as the account balances. UBS Switzerland AG (which the Federal Administrative Court ("FAC") had granted party status in its judgment A-4974/2016 of 25 October 2016) and private individuals directly affected lodged appeals with the FAC against the Federal Tax Administration’s final decisions, which were issued on 9 February 2018.
  • Bär & Karrer Advises BZ Bank on Purchase of United Grinding Group

    BZ Bank Aktiengesellschaft, through its acquisition company LEMRO AG, purchased the United Grinding Group from Körber Beteiligungen GmbH. The United Grinding Group is one of the world's leading suppliers of precision grinding machines.
  • Bär & Karrer advised PSP Swiss Property on Sale of a Commercial Property

    PSP Swiss Property sold a commercial property in Petit-Lancy, Geneva. The property at the Av. des Morgines 8/10 (approx. 14'000 m2 of rentable space) was sold for CHF 55 million to an affiliate company of Epic Suisse AG.
  • Bär & Karrer Advises Credit Suisse and Goldman Sachs in a Combined Offering on the Placement of Sha

    Idorsia Ltd successfully placed 11,912,000 new shares by way of an accelerated bookbuilding in a private placement with institutional investors. The placed shares are sourced from the company's existing authorized share capital and the pre-emptive rights of the existing shareholders have been excluded. The offer price was set at CHF 25.62 per share. Additionally, Idorsia successfully placed CHF 200 million of senior unsecured convertible bonds due 2024 in a private placement with institutional investors.
  • Bär & Karrer Advises Vontobel on the Placement of CHF 450 Million Tier 1 Bonds to fund the acquisit

    Vontobel Holding AG successfully completed the placement of CHF 450 million perpetual additional tier 1 subordinated bonds. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 2.625% until 2023. The proceeds of this capital market transaction will be mainly used to finance the acquisition of Notenstein La Roche Private Bank.
  • Bär & Karrer Advised Swiss Re in the Offering of USD 500 Million Senior Exchangeable Notes with Iss

    Swiss Re Ltd (Swiss Re) has completed an offering of USD 500 million, 6-year senior exchangeable notes, which may be stock settled at the option of Swiss Re or may be exchanged at the option of noteholders for registered shares of Swiss Re, unless Swiss Re elects to settle the exchange of notes in cash. Swiss Re has purchased call options on its own shares, which allow it to settle an exchange by noteholders without issuing new shares.
  • Bär & Karrer Advises Credit Suisse and Bank Berenberg in the IPO of Klingelnberg

    Klingelnberg Ltd, a global leader in developing and manufacturing premium machine tools for bevel gear and cylindrical gear machining and precision measuring centers for gears, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. Trading in the shares started on 20 June 2018. The shares of Klingelnberg were priced at CHF 53 per share, near the upper end of the price range, corresponding to a base offer of CHF 241 million. The offer price implies a market capitalization of approx. CHF 470 million leading to a free float of 56.6% (assuming full exercise of the over-allotment option), whereas the remaining 43.4% remain with the Klingelnberg family as anchor shareholder.
  • Bär & Karrer Advises Summer Capital on the Acquisition of Swiss Education Group

    Summer Capital, an Asia based investment management company, has acquired, by means of an affiliate, all shares of Swiss Education Group Holding AG, the holding company of the SEG group, a leading hospitality management education group that operates several schools in Switzerland.