The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 261 50 00
Fax:
Fax 0041582635393
Email:
Web:
www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Bär & Karrer awarded by Mergermarket as "Switzerland M&A Legal Adviser of the Year 2018"

December 2018. Press Releases by Bär & Karrer (view listing).

At this year's Mergermarket European Awards Ceremony on 6 December 2018 in London, Bär & Karrer has been awarded as the "Switzerland M&A Legal Adviser of the Year 2018".

Mergermarket, an independent mergers and acquisitions intelligence and data service, honors the work of leading law firms and financial advisers across Europe every year. The selection is based on a comprehensive analysis of transaction data from the Mergermarket's M&A deals database with consideration of key criteria such as complexity, structure as well as groundbreaking and strategic nature of the deals. The judging panel including leading European M&A practitioners chose Bär & Karrer already for the fourth time from among six shortlisted law firms that were particularly active in the Swiss M&A market in 2018.

Read more…

Bär & Karrer advises E. Schubiger & Cie. in the Sale of a Development Property

September 2018. Press Releases by Bär & Karrer (view listing).

E. Schubiger & Cie. AG sold its weaving mill site in Uznach, Switzerland to Fortimo Group AG. The development project that will be realized in and around the historic factory building comprises 130 rental and condominium apartments, 6,000 sqm of office and retail area and as well as 280 parking spaces.

Bär & Karrer advised E. Schubiger & Cie. as seller in this transaction. The team included Corrado Rampini and Oliver Rüdlinger (both real estate).

Read more…

Bär & Karrer Advises the Sellers of Astes4 SA

August 2018. Press Releases by Bär & Karrer (view listing).

The owners of Astes4 SA, a company based in Balerna, Switzerland, which is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines, sold their interests in the company to Mitsubishi Electric Corporation. Mitsubishi Electric is active in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. By acquiring Astes4, Mitsubishi Electric will further strengthen its lineup of automation systems together with sorting solutions for sheet metal laser processing machines to provide its valued customers with integrated solutions that require less manual loading, unloading and sorting to realize higher productivity and efficiency.

Bär & Karrer acted as legal advisor of the Sellers of Astes4 SA in this transaction. The team included Paolo Bottini and Edoardo Buzzi (both M&A).

Read more…

Bär & Karrer Advises Constellium on the Sale of Rolling Business Assets in Sierre, Switzerland, to

August 2018. Press Releases by Bär & Karrer (view listing).

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 acted as legal advisor to Constellium Valais in this transaction. The team included Peter Hsu, Daniel Flühmann, Thomas Rohde, Urs Kägi, Daniel Küpfer, Marcel Züger, Annina Hammer, Tiffany Ender and Matthias Tanner (all Corporate), Corrado Rampini, Charles Gschwind and Grégory Pauli (all Real Estate), Mani Reinert (Competition), Laura Widmer (Employment), Ruth Bloch-Riemer (Pension), Raima Sherifoska (Notarial Services) as well as Nadja Jaisli Kull and Kaspar Projer.

Read more…

Bär & Karrer Advises Bank Cler in Connection with the Public Tender Offer by Cantonal Bank of Basel

August 2018. Press Releases by Bär & Karrer (view listing).

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 advises Bank Cler in connection with this transaction. The team of Bär & Karrer includes Urs Brügger, Dieter Dubs, Fabienne Perlini and Marc Poltéra (all M&A).

Read more…

Bär & Karrer Successful in Appeal Proceedings before the Federal Administrative Court Against the F

August 2018. Press Releases by Bär & Karrer (view listing).

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.

With its judgment A-1488/2018 of 30 July 2018 the FAC has now ruled on UBS Switzerland AG’s appeal and has concluded that one of the conditions has not been met in this case, namely the prerequisite that the request for administrative assistance must deliver grounds for assuming that the taxpayers involved have failed to comply with their tax obligations; the Court holds that simply having an account in Switzerland is not sufficient. The explanations delivered by the French authorities were insufficient.

The Federal Administrative Court affirms the appeal to the extent as it declares it admissible. The judgement can be appealed before the Swiss Federal Court within the restrictions of Art. 84a of the Swiss Federal Supreme Court Act of 17 June 2005 (i.e. if the legal question at stake is of fundamental importance or if the case is particularly significant for other reasons).

Bär & Karrer successfully represented UBS Switzerland AG before the Federal Administrative Court. The team included Andreas Länzlinger and Roman Huber (both Litigation).

Read more…

Bär & Karrer Advises BZ Bank on Purchase of United Grinding Group

July 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer advised PSP Swiss Property on Sale of a Commercial Property

July 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer Advises Credit Suisse and Goldman Sachs in a Combined Offering on the Placement of Sha

July 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer Advises Vontobel on the Placement of CHF 450 Million Tier 1 Bonds to fund the acquisit

June 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer Advised Swiss Re in the Offering of USD 500 Million Senior Exchangeable Notes with Iss

June 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer Advises Credit Suisse and Bank Berenberg in the IPO of Klingelnberg

June 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer Advises Summer Capital on the Acquisition of Swiss Education Group

June 2018. Press Releases by Bär & Karrer (view listing).

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.

Read more…

Bär & Karrer advises Coresystems FSM on the takeover by SAP (Schweiz)

June 2018. Press Releases by Bär & Karrer (view listing).

The software company SAP bought all shares of Coresystems FSM AG. Coresystems FSM develops and runs workforce-management software based on a Crowd Service platform which uses artificial intelligence and allows finding available field-service technicians in real time.

Read more…

Bär & Karrer Strengthens its M&A and Banking Practice with two new Partners

May 2018. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that it further strengthens its M&A and banking practice with new partners Martin Anderson and Frédéric Bétrisey. They will join the firm with their team of associates as of 1 August 2018.

Read more…

Bär & Karrer Advises XO Holding on Sale of Priora FM to ENGIE

May 2018. Press Releases by Bär & Karrer (view listing).

XO Holding AG sold Priora FM SA, a leading Swiss facility management company, to ENGIE Energy Services International S.A., a subsidiary of ENGIE SA, which is listed on the Euronext exchange in Paris and Brussels.

Bär & Karrer acted as legal advisor to XO Holding. The team included Ralph Malacrida, Faton Aliu (both M&A), Mani Reinert (Competition), and Daniel Lehmann (Tax).

Read more…

Bär & Karrer Advised Andermatt Swiss Alps on the Sale of Real Estate Portfolio and Establishment of

May 2018. Press Releases by Bär & Karrer (view listing).

Andermatt Swiss Alps Ltd has successfully completed a transaction comprising a real estate portfolio sale to Taurus Andermatt Ltd, a newly established real estate joint venture. The portfolio consists of 25 properties located in the Holiday Village Andermatt Reuss in Andermatt (Switzerland). Andermatt Swiss Alps will participate in future sales profits exceeding the list price of the properties.

Read more…

Bär & Karrer Advises the Banking Syndicate in the IPO of Polyphor

May 2018. Press Releases by Bär & Karrer (view listing).

Polyphor Ltd, a clinical-stage biopharmaceutical company focused on the discovery and development of innovative antibiotics and other specialty pharma products, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. Trading in the shares started on 15 May 2018. The shares were priced at the upper end of the price range, resulting in gross proceeds of CHF 165 million. The IPO of Polyphor is considered the largest biotech IPO in Switzerland in over 10 years and one of the top three in Europe within the last three years in terms of proceeds raised by an issuer in order to finance the development of its pipeline.

Read more…

Bär & Karrer Advises Saint-Gobain in connection with the Takeover Battle over Sika

May 2018. Press Releases by Bär & Karrer (view listing).

This morning, Sika and Saint-Gobain have announced the signing of agreements which terminates all disputes around the purchase by Saint-Gobain of a controlling stake in Sika dated 5 December 2014.

Read more…

Bär & Karrer Advised Vyaire Medical on its Acquisition of imtmedical ag

May 2018. Press Releases by Bär & Karrer (view listing).

Vyaire Medical, Inc., a global leader in respiratory care, completed the acquisition of all shares in imtmedical AG, a Swiss company, which is a developer, manufacturer and distributor of mechanical ventilation products.

Read more…

Bär & Karrer Advises CEVA Logistics on its IPO, the anchor investment by CMA CGM and its migration

May 2018. Press Releases by Bär & Karrer (view listing).

CEVA Logistics, one of the world's leading third-party logistics companies, successfully priced its IPO and listed its shares on the SIX Swiss Exchange, where trading commenced on 4 May 2018. With a market capitalization of CHF 1.6 billion and generating gross proceeds of CHF 821 million, this is so far considered as the largest IPO on the SIX Swiss Exchange for 2018. In addition, CMA CGM, the third largest container shipping group in the world, has committed to make a strategic cornerstone investment in CEVA Logistics by purchasing CHF 379 million of mandatory convertible securities which will convert into shares of CEVA Logistics once certain regulatory approvals have been obtained. Simultaneously with the IPO, CEVA Holdings, the former holding company of the CEVA group, migrated from the Marshall Islands to Switzerland by way of a cross-border merger with CEVA Logistic as the surviving company.

Read more…

Bär & Karrer Advises on the Financing of the Largest Thermoelectric Plant in Latin America

May 2018. Press Releases by Bär & Karrer (view listing).

Centrais Elétricas de Sergipe S.A. (CELSE) has successfully issued bonds for approx. USD 1 billion equivalent in local currency at a fixed, long-term rate in international capital markets. The innovative bond issue is guaranteed by the Swiss Export Risk Insurance (SERV), the export credit agency of Switzerland. The bonds are part of a financial package to finance the development, design, construction, operation and maintenance of a thermoelectric power plant by CELSE in the state of Sergipe in the northeast region of Brazil. Besides the bond issue for approx. USD 1 billion, the transaction includes a USD 200 million loan from the International Finance Corporation and a financial package of the Inter-American Development Bank in the amount of approx. USD 300 million. Once operational expected for in 2020, CELSE will sell electricity to 26 distribution companies in Brazil, becoming the largest and most efficient thermoelectric plant in Latin America and the Caribbean.

Read more…

Bär & Karrer Advises lastminute.com on Partial Self-Tender Offer

May 2018. Press Releases by Bär & Karrer (view listing).

On 21 September 2017, an extraordinary shareholders' meeting of the SIX Swiss Exchange listed lastminute.com N.V. authorized the board of directors to repurchase up to 33 1/3% of the company's share capital by means of a partial self-tender offer. The resolution adopted under Dutch law contained detailed information, among others regarding the period for which the authorization is granted, the manner in which the shares are repurchased and the price range within which the offer price must be set.

Read more…

Bär & Karrer Advises Vyaire Medical on its Acquisition of Acutronic Medical Systems

May 2018. Press Releases by Bär & Karrer (view listing).

Vyaire Medical, Inc., a global leader in respiratory care, acquired all shares in the Acutronic Medical Systems group, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment.

Read more…

Bär & Karrer Advises Porterhouse on the Acquisition of the Clinic Group Paracelsus

April 2018. Press Releases by Bär & Karrer (view listing).

Porterhouse Group AG, a family owned investment holding company based in Lucerne, has been accepted by the creditors’ committee to acquire the clinic group Paracelsus. The clinic group Paracelsus is a private hospital operator with 40 facilities in 22 locations. Completion is subject to the approval of the insolvency plans by the creditors’ committees and merger control approval by the German Federal Cartel Office.

Read more…

Bär & Karrer Advises Deutsche Börse on the Acquisition of Swisscanto Funds Centre

April 2018. Press Releases by Bär & Karrer (view listing).

Clearstream International S.A., a subsidiary of Deutsche Börse, acquired all shares in the London based Swisscanto Funds Centre Limited. The deal allows Clearstream to expand its services in the funds space with the management of distribution contracts and data processing. The purchase agreement was signed on 23 April 2018. The transaction is expected to close within the third quarter of 2018, subject to approval of the relevant authorities.

Read more…

Bär & Karrer Awarded M&A Deal of the Year by IFLR

April 2018. Press Releases by Bär & Karrer (view listing).

Bär & Karrer was awarded "M&A deal of the year" on the IFLR European Awards in London last night.

Based on a comprehensive analysis, Bär & Karrer received the award for the M&A Deal of the Year for the merger of ChemChina and Syngenta. The deal is considered as one of the largest all cash transactions ever. Bär & Karrer acted in this transaction as adviser to Syngenta. The team was led by Rolf Watter, Partner and Head of Mergers & Acquisitions.

Read more…

Bär & Karrer Advised Copernicus Holding on the Establishment of its Structure and Obtaining a FINMA

April 2018. Press Releases by Bär & Karrer (view listing).

Copernicus Group is a financial service provider in the canton Ticino for institutional and private UHNWI clients, offering also family office and wealth planning services. The group consists of Copernicus Asset Management SA and Copernicus Wealth Management and Services SA. On 20 March 2018, Copernicus Asset Management started operating as a fully licensed Swiss asset manager of collective investment schemes.

Read more…

Bär & Karrer Advises Allianz Suisse on the Acquisition of DAS Switzerland

April 2018. Press Releases by Bär & Karrer (view listing).

On 3 April 2018, Allianz Suisse Versicherungs-Gesellschaft AG has acquired all shares in DAS Rechtsschutz-Versicherungs-AG. Through this acquisition Allianz Swiss becomes one of the largest providers of legal protection insurance in the Swiss market.

Read more…

Bär & Karrer Advises XO Holding on Sale of Priora to Eiffage Construction

March 2018. Press Releases by Bär & Karrer (view listing).

XO Holding AG sold Priora AG, a leading Swiss project developer and general / total contractor (GC/TC), to Eiffage Construction SA, a French company forming part of the Euronext listed Eiffage group.

Read more…

Bär & Karrer Advised Axcel on the Acquisition of Invima

March 2018. Press Releases by Bär & Karrer (view listing).

The Danish private equity company Axcel has acquired all shares in Invima AB, a Swedish corporation, with its subsidiaries including two Swiss subsidiaries. Under the IsaDora brand, Invima AB is one of the Nordic region's leading manufacturers and distributors of cosmetics, with sales in approximately 5,000 stores in forty different countries. The seller Ingvar Vigstrand with family will remain as a minority owner in the new group.

Read more…

Bär & Karrer Welcomes New Tax Counsel

March 2018. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce Prof. Dr. Andrea Opel as a new counsel to the firm. She joined the tax team in Zurich on 1 March 2018.

Andrea Opel studied Law at the University of Basel and then worked as academic assistant before completing her doctorate in 2008. She habilitated in 2015 at the University of Basel. Besides her counsel role at Bär & Karrer, Andrea Opel continues to act as professor for tax law at the University of Lucerne. She is a member of the board of the Institute of Business Law at University of Lucerne as well as a member of the Swiss Association of Tax Law Professors.

Read more…

Bär & Karrer Advised Orior on the Placement of Shares by Way of an Accelerated Bookbuilding

March 2018. Press Releases by Bär & Karrer (view listing).

Orior AG successfully placed 592,499 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.

Read more…

Bär & Karrer Advised HQLAx on the first Live Securities Lending Transaction Using R3's Corda Blockc

March 2018. Press Releases by Bär & Karrer (view listing).

On 1 March 2018, financial technology innovator HQLAx together with Credit Suisse and ING completed the first live securities lending transaction using R3's Corda blockchain platform. The transaction included a basket swap between Credit Suisse and ING of value EUR 25 million using the HQLAx Corda-based collateral lending application. During the transaction, Credit Suisse and ING transferred legal ownership of Dutch and German government securities on the platform using HQLAx Digital Collateral Records (DCRs) while the underlying securities remained static.

Read more…

Bär & Karrer Advises Novartis on the Placement of EUR 2,250,000,000 Guaranteed Notes

February 2018. Press Releases by Bär & Karrer (view listing).

Novartis Finance S.A. completed the placement of EUR 750,000,000 Guaranteed Notes due 2023, EUR 750,000,000 Guaranteed Notes due 2030 and EUR 750,000,000 Guaranteed Notes due 2038. The 2023 Notes were issued at 99.655% of their principal amount with an interest of 0.500% and will mature on 14 August 2023 at their nominal value. The 2030 Notes were issued at 99.957% of their principal amount with an interest of 1.375% and will mature on 14 August 2030. The 2038 Notes were issued at 99.217% of their principal amount with an interest of 1.700% and will mature on 14 August 2038. The Notes are guaranteed by Novartis AG. They have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well.

Read more…

Bär & Karrer Advises EGSB on the Purchase of a Majority Stake in Bauwerk Boen

January 2018. Press Releases by Bär & Karrer (view listing).

EGS Beteiligungen AG (EGSB) has acquired all shares in Bauwerk Boen AG held by ZM Opportunity II L.P. (a fund advised by Patrimonium Private Equity) and is thus majority shareholder of the company. The Bauwerk Boen Group is a leading manufacturer of premium parquet flooring.

Read more…

Tamedia Announces Public Tender Offer for Goldbach Group

January 2018. Press Releases by Bär & Karrer (view listing).

Tamedia AG announces an all cash public tender offer for all publicly held shares of Goldbach Group AG listed on the SIX Swiss Exchange. Tamedia offers CHF 35.50 per share of Goldbach Group, representing a transaction amount of around CHF 216 million. The board of directors of Goldbach Group recommends to its shareholders to accept the offer.

>

Read more…

Bär & Karrer Advises AON Schweiz on the Acquisition of Unidelta

December 2017. Press Releases by Bär & Karrer (view listing).

On 30 November 2017, AON Schweiz AG, a leading global service provider for risk management, insurance and reinsurance brokers as well as adviser on human resources, has acquired 100% of the shareholding in Unidelta AG, an all-branch insurance broker based in Rapperswil, Switzerland. Unidelta is specialized in risk management and has particular designed services in personal injury management.

Read more…

Bär & Karrer Advises the Sellers of AWK Group

December 2017. Press Releases by Bär & Karrer (view listing).

The owners of AWK Group AG sold the company to Deutsche Private Equity GmbH, an independent German investment company. AWK Group is one of the largest independent Swiss consulting firms for information technology and digitalization.

Read more…

Bär & Karrer Advises Valora on its Rights Offering

December 2017. Press Releases by Bär & Karrer (view listing).

Valora Holding AG completed a capital increase raising net proceeds of approximately CHF 166 million. The capital increase was executed as an "at market" rights offering. The offer price for the new shares was determined following a bookbuilding process for the shares not taken up by existing shareholders. Valora will use the proceeds from the capital increase to refinance its recent acquisition of BackWerk, to finance the expansion of production capacities, to refinance existing capital market instruments and for general corporate purposes. Credit Suisse and J.P. Morgan acted as Joint Global Coordinators and Joint Bookrunners.

Read more…

Bär & Karrer Advised KKR on a Follow-On Investment in GetYourGuide

December 2017. Press Releases by Bär & Karrer (view listing).

KKR, a leading global investment firm, together with other investors, has closed an investment to increase its minority stake in GetYourGuide AG. GetYourGuide is the world's largest online platform for tours, activities and attractions and offers over 31,000 activities in nearly 7,300 destinations.

Read more…

Bär & Karrer Advises Talbot Holding on its Public Tender Offer for ImmoMentum

November 2017. Press Releases by Bär & Karrer (view listing).

On 29 August 2017, Talbot Holding AG, an entity controlled by investment company Actium AG, launched an all cash public tender offer for all listed shares in ImmoMentum AG, a Swiss real estate company listed on BX Berne eXchange invested primarily in residential real estate. With the satisfaction of all offer conditions, the offer was successfully settled on 10 November 2017. As a result, Talbot Holding holds 99.67% of the voting rights and share capital of ImmoMentum.

Read more…

Bär & Karrer Advises Muhr und Bender on the Sale of its Stake in Feintool

October 2017. Press Releases by Bär & Karrer (view listing).

On 3 October 2017, Dr. Thomas Muhr and Muhr und Bender KG sold their entire stake in Feintool International Holding AG (Feintool) amounting to 616,500 shares of Feintool corresponding to 13.81% of the total share capital of Feintool. The shares were sold to institutional investors through an accelerated bookbuilding process led by Bank Berenberg.

Read more…

Bär & Karrer Advises Orior on the Placement of a CHF 110 Million Inaugural Bond Issue

October 2017. Press Releases by Bär & Karrer (view listing).

Orior AG successfully completed the placement of its CHF 110 million inaugural bond issue. The bonds carry a coupon of 0.625% and will mature on 26 September 2023 at par. They have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well. The issue was lead-managed by UBS AG and Zürcher Kantonalbank.

Read more…

Bär & Karrer Advises Valora on the Acquisition of BackWerk

October 2017. Press Releases by Bär & Karrer (view listing).

Valora has signed an agreement to acquire BackWerk from Swedish financial investor EQT. BackWerk is a German-based food service company with over 340 locations mainly in Germany, Austria and the Netherlands. Completion is subject to merger control approval.

Read more…

Temasek Holdings (Private) Limited, an investment company based in Singapore, sold its stake in Dufr

August 2017. Press Releases by Bär & Karrer (view listing).

Temasek Holdings (Private) Limited, an investment company based in Singapore, sold its stake in Dufry AG through its indirect wholly owned subsidiary to the HNA Group.

Bär & Karrer acted as legal advisor to Temasek. The team included Thomas U. Reutter, Roland Truffer, Annette Weber and Rebecca Schori (all M&A).

Read more…

Bär & Karrer Advised Cummins on its Joint Venture with Eaton

August 2017. Press Releases by Bär & Karrer (view listing).

The global power leader Cummins Inc. announced that it successfully completed the formation of a joint venture with the power management company Eaton, concerning the design, manufacture, sale and support of automated transmissions for heavy-duty and medium-duty commercial vehicles (named Eaton Cummins Automated Transmission Technologies). As part of the transaction, the Swiss company Eaton Cummins Automated Transmission Technologies Sàrl was formed earlier this year and Cummins acquired a 50% participation on 31 July 2017.

Read more…

Bär & Karrer Advised Jacobs Holding on the Acquisition of a Majority Stake in OdontoSalute

August 2017. Press Releases by Bär & Karrer (view listing).

Colosseum Dental Group, a fully owned portfolio company of Jacobs Holding AG, has acquired 70% of OdontoSalute, an Italian dental clinics group providing dental treatments of any kind through a national network. Colosseum is a leading provider of private dental care in the Scandinavian area, which is now operating in more than 150 clinics in Norway, Sweden, UK, Switzerland, Italy and Denmark and aiming at building a leading pan-European dentistry group. With this acquisition, Colosseum further expands into continental Europe and becomes one of the leading dentistry clinic operators in Italy.

Read more…

Bär & Karrer Advised the Sellers of Rotronic

July 2017. Press Releases by Bär & Karrer (view listing).

The owners of Rotronic AG, which develops and manufactures measuring technologies, sold the company to funds managed by Battery Ventures.

Bär & Karrer acted as legal adviser to the sellers in this transaction. The team included Christoph Neeracher, Thomas Rohde, Philippe Seiler, Yves Suter and Sarah Nyfeler (all M&A), Susanne Schreiber and Cyrill Diefenbacher (both tax) as well as Corrado Rampini and Charles Gschwind (both real estate).

Read more…

Bär & Karrer Advises CliniSciences on the Acquisition of BIOTREND Chemicals

July 2017. Press Releases by Bär & Karrer (view listing).

On 13 June 2017, CliniHolding S.à r.l. (CliniSciences) acquired the entire stake in BIOTREND Chemicals AG (BIOTREND) from its founders. BIOTREND is a leading distributor of high-quality reagents and biochemicals for the life science research community in Switzerland, Germany and USA.

Read more…

Bär & Karrer Advises Banque Cantonale de Genève on the Placement of CHF 200 Million Additional Tie

July 2017. Press Releases by Bär & Karrer (view listing).

Banque Cantonale de Genève successfully completed the placement of CHF 90 million perpetual additional tier 1 subordinated bonds and CHF 110 million tier 2 subordinated bonds due 2027. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 2.00%. The tier 2 subordinated bonds were issued at 100.024% of their nominal amount with an interest of 1.125% and will mature on 28 June 2027 at their nominal amount. Both bonds have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well. UBS AG, Zürcher Kantonalbank and Banque Cantonale de Genève acted as Joint Lead Managers.

Read more…

Bär & Karrer wins Europe Women in Business Law Award

June 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that partner Tina Wüstemann, who heads the private clients team, won the title 'Best in trusts & estates' at the Europe Women in Business Law Awards ceremony on 15 June 2017 in London. This is the second time Tina Wüstemann wins this award. In addition, partner and dispute resolution specialist Nadja Jaisli Kull was shortlisted as 'Rising Star Litigation'.

Read more…

Bär & Karrer Advises Groupe Acrotec on its Placement of CHF 70 Million 3.75% Bonds

June 2017. Press Releases by Bär & Karrer (view listing).

Groupe Acrotec SA, a high precision manufacturer of small components and specialised service provider for the watchmaking and industrial sectors, has completed the placement of CHF 70 million 3.75% bonds due 2023. The bonds were issued at 100% of their principal amount and, unless previously redeemed or repurchased and cancelled, will mature on 14 June 2023 at 100% of their principal amount. The bonds are guaranteed by a number of subsidiaries of the issuer, among them Finacrotec SA, which as substitute guarantor fulfills certain requirements under the listing rules of SIX Swiss Exchange in the place of the issuer. Credit Suisse AG acted as Lead Manager and Bookrunner.

Read more…

Bär & Karrer Advised UBS on its Shared Services Transfer to UBS Business Solutions AG

June 2017. Press Releases by Bär & Karrer (view listing).

Through a series of transactions which were completed for the most part in early June, UBS AG and other UBS group companies transferred group shared services functions, which are mainly based in Switzerland, in the UK and the US, to UBS Business Solutions AG and other related service companies. UBS Business Solutions AG now operates as the group service company of UBS and is a wholly owned subsidiary of UBS Group AG. The implementation of UBS Business Solutions AG enables UBS to maintain operational continuity of critical services should a recovery or resolution occur. It represents an important step towards improved resolvability, and is in line with global guidance defined by the Financial Stability Board.

Read more…

Bär & Karrer Advises Huntsman Corporation on All-stock Merger of Equals with Clariant

May 2017. Press Releases by Bär & Karrer (view listing).

On 22 May 2017, SIX Swiss Exchange (SIX) listed Clariant AG and Huntsman Corporation, which is listed on the New York Stock Exchange (NYSE), announced that their Boards of Directors approved a definite agreement to combine in a cross-border merger of equals through an all-stock transaction. The combination of both companies will create a leading global specialty chemical company with a combined enterprise value of approximately USD 20 billion at announcement.

Read more…

Bär & Karrer boosts Tax Practice with new Partner in Geneva

May 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer announces that Christoph Suter has been elected as partner to lead the tax practice in Geneva as of 1 October 2017.

Read more…

Bär & Karrer Successful in Large Arbitration Proceeding

May 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer successfully defends the interests of its long standing client EnBW Energie Baden-Württemberg AG in a CHF 1 billion ad hoc-arbitration proceeding in Zurich instituted by a German entrepreneur four years ago. In its final award, the tribunal dismissed the plaintiff's claim in its entirety and awarded Bär & Karrer's client full compensation for its legal costs.

Bär & Karrer's team led by Matthew Reiter and included Cinzia Catelli, Alain Grieder, Roman Huber and David Liatowitsch.

Read more…

Bär & Karrer Advises CVC on the Acquisition of a Majority Stake in Breitling

May 2017. Press Releases by Bär & Karrer (view listing).

CVC Fund VI has agreed to acquire an 80% stake in Breitling, a leading independent, family-owned manufacturer of Swiss luxury watches. As part of the transaction, Théodore Schneider will re-invest for a 20% shareholding in Breitling. Closing of the transaction is subject to approval by the relevant competition authorities.

Bär & Karrer acted as Swiss legal advisor to CVC in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Beda Kaufmann, Philippe Seiler, Yves Suter, Charles Gschwind, Célia Jimenez, Sabrina Schalcher and Raphael Egger (all M&A), Till Spillmann and Adrian Koller (both Financing), Susanne Schreiber and Laurent Riedweg (both Tax), Markus Wang and Jonas Bornhauser (both IP) as well as Mani Reinert (Competition).

Read more…

Bär & Karrer Advises EQT and Kuoni Group on the Combination of Kuoni's GTA Business with Hotelbeds

April 2017. Press Releases by Bär & Karrer (view listing).

Kuoni Travel Holding Ltd, owned by EQT VII, a fund of the private equity group EQT, and the Kuoni and Hugentobler Foundation, has entered into a binding agreement on the sale of its GTD business division (GTA) to Hotelbeds Group, owned by a consortium led by Cinven und Canada Pension Plan Investment Board (CPPIB). The shareholders of Kuoni Group will roll-over a large portion of their participation in GTA into the combined Hotelbeds/GTA business and upon completion, will hold a substantial minority stake in the combined Hotelbeds/GTA business. Completion of the transaction is subject to customary closing conditions, including merger control filings and approvals.

Read more…

Bär & Karrer Advises Hellman & Friedman and GIC on the Acquisition of Allfunds

April 2017. Press Releases by Bär & Karrer (view listing).

On 7 March 2017 Hellman & Friedman and GIC acquired Allfunds Bank, S.A. from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus. Allfunds Bank is a leading financial technology business. The transaction is valued at EUR 1.8 billion and is subject to customary closing conditions.

Bär & Karrer acted as Swiss legal advisor to Hellman & Friedman and GIC. The team included Eric Stupp and Stephanie Walter (all Banking & Insurance). Freshfields acted as lead counsel to Hellman & Friedman and GIC.

Read more…

Bär & Karrer Advises an Affiliate of Warburg Pincus on the Acquisition of a Stake in Avaloq

March 2017. Press Releases by Bär & Karrer (view listing).

Warburg Pincus, a leading global private equity firm, has entered into an agreement to acquire approximately 35% shareholding in the Avaloq Group AG. Avaloq is an internationally leading FinTech company based in Switzerland. With its integrated business process outsourcing services, Avaloq is the only independent provider for the financial industry that does both, developing and operating its own software. Closing of the transaction is expected in the second quarter of 2017.

Read more…

Bär & Karrer Advises Mitsui on the Acquisition of Chemtrade Aglobis

March 2017. Press Releases by Bär & Karrer (view listing).

On 28 February 2017, Mitsui & Co., Ltd. (Mitsui) and Chemtrade Logistics Inc. (Chemtrade) announced an agreement under which Mitsui will acquire the entire stake in Chemtrade Aglobis AG (Aglobis), subsidiary entirely owned by Chemtrade. Aglobis is a leading distributor of sulphur and sulphuric acid in Europe. The transaction is subject to relevant regulatory approvals.

Read more…

Bär & Karrer Advises Lonza on the Entering into a Strategic Partnership with Sanofi to Establish a

March 2017. Press Releases by Bär & Karrer (view listing).

Today, Lonza and Sanofi announced that they have entered into a strategic partnership to build and operate a large-scale mammalian cell culture facility for monoclonal antibody production in Visp, Switzerland. The large-scale facility will be established through a joint venture with an initial investment of around CHF 290 million shared equally between Lonza and Sanofi. The initial construction phase of the facility will commence in 2017, pending necessary regulatory approvals. The facility is expected to be fully operational by 2020. The partnership provides both parties with substantial flexibility by using an innovative setup enabling them to optimize biologics production capacity across the whole industry.

Read more…

Bär & Karrer on top of the Profile League Table by Mergermarket

February 2017. Press Releases by Bär & Karrer (view listing).

Earlier this month Mergermarket published its review on the 2016's most prolific individual DACH legal advisors. We are pleased to be ranked with Christoph Neeracher and Luca Jagmetti on the top of the table on rank one and two. Both are associated for 2016 with 11 completed deals and a total value of EUR 3 bn. The Mergermarket Profiler App lists Christoph Neeracher in total with 54 deals and Luca Jagmetti with 35 transactions.

Read more…

Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron

February 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron

Read more…

Bär & Karrer Advises Priora on Acquisition of Large Minority Stake in Galenica

January 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Priora on Acquisition of Large Minority Stake in Galenica

Read more…

Bär & Karrer Advises Sanofi on Exchange Transaction with Boehringer Ingelheim

January 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Sanofi on Exchange Transaction with Boehringer Ingelheim

Read more…

Bär & Karrer Advises Pax Anlage on the Public Takeover Offer of Baloise

January 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Pax Anlage on the Public Takeover Offer of Baloise

Read more…

Bär & Karrer Advises Alpine Select on Public Share Buy-back

January 2017. Press Releases by Bär & Karrer (view listing).

Bär & Karrer Advises Alpine Select on Public Share Buy-back.

On 10 January 2017, Alpine Select Ltd, Zug, invited to an extraordinary shareholders' meeting which will take place on 7 February 2017. At this shareholders' meeting, the shareholders will, among other things, vote on a capital reduction through the cancellation of shares which have been repurchased under a share buy-back program at a fixed price.

Read more…

Bär & Karrer Advised on the Reverse Stock Split of Züblin Immobilien Holding AG

March 2016. Press Releases by Bär & Karrer (view listing).

At the Extraordinary Shareholders' Meeting held on 29 February 2016, the shareholders of Züblin Immobilien Holding AG approved a reverse stock split at a ratio of 450 to 1. The last trading day of the old registered shares with a nominal value of CHF 0.05 on the SIX Swiss Exchange was 3 March 2016, the listing and first trading day of the new registered shares with a nominal value of CHF 22.50 was 4 March 2016, and settlement took place on 8 March 2016.

Read more…

17 November 2015 - Bär & Karrer advises Valora on sale of Valora Trade to Aurelius

November 2015. Press Releases by Bär & Karrer (view listing).

Valora has signed an agreement to sell its trade division to Aurelius group, a German conglomerate which is specialized in the restructuring of companies. Valora Trade includes Valora's activities in the distribution of fast moving consumer goods in Switzerland, Germany, Austria, Denmark, Sweden, Norway and Finland. The transaction is subject to approval by the competent merger control authorities.

Read more…

16 November 2015 - Bär & Karrer advises KKR on USD 50m investment in GetYourGuide

November 2015. Press Releases by Bär & Karrer (view listing).

KKR, a leading global investment firm, has signed an investment and share purchase agreement together with GetYourGuide's current investors as well as new investors to acquire a minority stake in GetYourGuide AG amounting to USD 50m. GetYourGuide is the world's largest online platform for tours, activities and attractions and offers over 28,800 activities in more than 2,500 destinations.

Read more…

28 October 2015 - Bär & Karrer Advises Tecan Group on its Acquisition of SIAS

November 2015. Press Releases by Bär & Karrer (view listing).

The SIX listed Tecan Group AG and the majority shareholders of Sias AG agreed to the acquisition of Sias AG by Tecan. Sias AG is a leading OEM supplier of a wide range of modular and complete laboratory automation solutions. Sias AG will become a part of Tecan's partnering business, leveraging Tecan's global sales infrastructure and after-sales support capabilities. Closing of the transaction is subject to certain conditions, including the timely transfer of a sufficient number of shares.

Read more…

Bär & Karrer: 20 October 2015 - Ringier Acquires 60% Stake in My-Store

October 2015. Press Releases by Bär & Karrer (view listing).

Swiss media company Ringier AG has acquired a 60% stake in My-Store SA, Western Switzerland’s leading online outlet shop. The founders of My-Store SA will retain a minority stake of 40%. My-Store SA will be merged with DeinDeal AG, a wholly owned subsidiary of Ringier AG, in 2016.

Read more…

Bär & Karrer: 17 September 2015 - Mobiliar to Acquire Trianon SA

October 2015. Press Releases by Bär & Karrer (view listing).

Mobiliar has signed an agreement to acquire Trianon SA. Trianon SA is a leading Swiss provider of occupational pension and HR solutions. The closing of the transaction is planned for the beginning of January 2016.

Read more…

Bär & Karrer: 25 September 2015 - Appeal of Hatem Ben Arfa Dismissed

October 2015. Press Releases by Bär & Karrer (view listing).

The Court of Arbitration for Sport (CAS) has dismissed the appeal filed by the French football player Hatem Ben Arfa against a decision taken by the Single Judge of the FIFA Players’ Status Committee. Bär & Karrer partner Michele Bernasconi was among the three CAS arbitrators.

Read more…

Bär & Karrer: 25 September 2015 - AFG Arbonia-Forster-Holding AG Completes Rights Offering

October 2015. Press Releases by Bär & Karrer (view listing).

AFG Arbonia-Forster-Holding AG successfully completed its rights offering which was resolved at the extraordinary shareholders' meeting held on 11 September 2015. In the rights offering, existing shareholders were offered 25,515,845 new registered shares with a par value of CHF 4.20 each at an offer price of CHF 8.10 per new share. The rights offering resulted in gross proceeds of approximately CHF 207 million. UBS Investment Bank acted as Sole Global Coordinator and together with Joh. Berenberg, Gossler & Co. KG as Joint Bookrunner. Zürcher Kantonalbank and Bank Vontobel AG acted as Co-Lead Managers. 

Read more…

Bär & Karrer: 29 September 2015 - RAG Invests Into Perpetual Hybrid Convertible Bonds

October 2015. Press Releases by Bär & Karrer (view listing).

RAG-Stiftung Beteiligungsgesellschaft mbH based in Germany subscribed the CHF 60,000,000 2.5% Hybrid Convertible Bonds issued by Siegfried Holding AG in order to finance Siegfried's acquisition of significant elements of BASF's pharmaceutical supply Business.

Read more…

Bär & Karrer: 3 August 2015 - Tiwel Holding Announces Public Tender Offer

September 2015. Press Releases by Bär & Karrer (view listing).

Tiwel Holding AG, Switzerland, a company controlled by the Renova group, today announced a mandatory public tender offer for all publicly held shares of Sulzer AG, which is listed on SIX Swiss Exchange and headquartered in Winterthur, Switzerland.  Sulzer AG holds interests in technology companies and other enterprises specializing in pump solutions, rotating equipment maintenance and services as well as separation, reaction and mixing technology. Tiwel offers CHF 99.20 per Sulzer share. Before launching the mandatory offer, Tiwel purchased a certain number of shares in Sulzer and thereby crossed the threshold of 33 1/3%, triggering the obligation to launch a mandatory offer. When launching the offer, Tiwel, together with the parties acting in concert with it, owned 33.36% of the shares in Sulzer. Currently, Sulzer has 34,262,370 issued registered shares.

Read more…

Bär & Karrer: 7 August 2015 - PKB Privatbank Reaches Agreement With the US Department of Justice

September 2015. Press Releases by Bär & Karrer (view listing).

Within the framework of the US program in which it participated voluntarily, PKB Privatbank reached a non-prosecution agreement with the US Department of Justice. PKB Privatbank agreed to pay USD 6.3 million and to further cooperate with US authorities. In return, the US Department of Justice will abstain from criminal prosecution. The penalty amounts to approx. 1.9 percent of the total assets held by PKB Privatbank's US clients.

Read more…

Bär & Karrer: 19 August 2015 - KKR Acquires 25% Stake in SoftwareONE

September 2015. Press Releases by Bär & Karrer (view listing).

KKR, a leading global private equity investment firm, has agreed to acquire 25% of the shares in SoftwareONE Holding AG, a leading global provider of software portfolio management solutions with more than 25,000 customers in 115 countries. The four founding partners together with the management team will retain a 75% stake in the company. The transaction is subject to merger control approvals and expected to close in fall 2015.

Read more…

Bär & Karrer: 25 August 2015 - Banca dello Stato del Cantone Ticino Reaches Agreement With US DoJ

September 2015. Press Releases by Bär & Karrer (view listing).

Within the framework of the US program in which it participated voluntarily, Banca dello Stato del Cantone Ticino has reached a non-prosecution agreement with the US Department of Justice. The bank agreed to pay USD 3.39 million and to further cooperate with US authorities. In return, the US Department of Justice will abstain from criminal prosecution.

Read more…

Bär & Karrer: 27 August 2015 - Monsanto Drops Plan to Acquire Syngenta

September 2015. Press Releases by Bär & Karrer (view listing).

On 26 August 2015, Monsanto announced that it abandoned its unsolicited approach to acquire Syngenta for an amount in excess of USD 45 billion. Bär & Karrer advised Syngenta on its defense with respect to Swiss law.

Read more…

Bär & Karrer: 4 September 2015 - Waterland Private Equity Sells Its Stake in SENIOcare

September 2015. Press Releases by Bär & Karrer (view listing).

Waterland Private Equity has agreed to sell its stake in SENIOcare, a leading Swiss nursing home operator, to Swiss Prime Site, which is already active in the assisted living segment with its subsidiary Tertianum. The transaction is subject to merger control approval.

Read more…

Bär & Karrer: 15 May 2015 - Zurich Based Private Bank Reaches Agreement With US DoJ

September 2015. Press Releases by Bär & Karrer (view listing).

Within the framework of the US program in which it participated voluntarily, a Zurich based private bank was the third Swiss bank to reach a non-prosecution agreement with the US Department of Justice. The bank agreed to pay USD 5.4 million and to further cooperate with US authorities. In return, the US Department of Justice will abstain from criminal prosecution. The fine amounts to 2.2 percent of the total assets held by the bank's US clients.

Read more…

Bär & Karrer: 22 May 2015 - De Beers Group Acquires 33.4% Stake in Synova

September 2015. Press Releases by Bär & Karrer (view listing).

The De Beers Group of Companies has acquired a 33.4% equity stake in Synova. The Swiss based company Synova SA is the owner and supplier of the patent protected jet Laser MicroJet (LMJ) technology. As a member of the Anglo American Group, De Beers Group is the world's leading exploration, mining and marketing company in diamonds.

Read more…

Bär & Karrer: 2 June 2015 - Swiss Prime Site Completes Rights Offering

September 2015. Press Releases by Bär & Karrer (view listing).

On 1 June 2015, Swiss Prime Site, one of the leading real investment companies in Switzerland, completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 424 million. 98.8% of the shareholders of Swiss Prime Site exercised their subscription rights in the rights offering. The remaining new shares not subscribed were placed in the market. UBS acted as Sole Global Coordinator, Credit Suisse, Bank Vontobel and Zürcher Kantonalbank acted as Joint Bookrunners.

Read more…

Bär & Karrer: 8 June 2015 - Valora Completes Sale of Valora Warenlogistik to 7Days Media Services

September 2015. Press Releases by Bär & Karrer (view listing).

Valora has completed the sale of Valora Warenlogistik AG to 7Days Media Services GmbH. Valora Warenlogistik includes Valora's activities in the warehouse and transport logistics in the German and Italian speaking part of Switzerland.

Read more…

Bär & Karrer: 15 June 2015 - UBS AG Transfers Part of Its Business to UBS Switzerland AG

September 2015. Press Releases by Bär & Karrer (view listing).

Over the past weekend (and effective 14 June 2015), UBS AG transferred its Retail & Corporate and Wealth Management business booked in Switzerland to UBS Switzerland AG. UBS Switzerland AG is now operating as a fully-owned banking subsidiary of UBS AG with its own banking license and is, with a balance sheet in excess of CHF 300bn, the largest bank primarily active in Switzerland. The transaction was executed by way of a transfer of assets and liabilities under the Swiss Merger Act and comprised assets and liabilities exceeding CHF 300bn. Bär & Karrer AG acted in this transaction as lead external advisor with respect to all relevant legal issues in close cooperation with the project team and the legal department of UBS AG.

Read more…

Bär & Karrer: 23 June 2015 - ATS Automation Tooling Systems Inc. Completes Sale

September 2015. Press Releases by Bär & Karrer (view listing).

ATS Automation Tooling Systems Inc., a Cambridge, Ontario based Canadian company listed on the Toronto Stock Exchange, has completed the sale of ATS Wickel- und Montagetechnik AG to Chinese Zheijian Juli Technology Co., Ltd. ATS Wickel- und Montagetechnik is one of the leading European suppliers of winding technology and process automation for electro motors.

Read more…

Bär & Karrer: 2 July 2015 - Zurich Domiciled ACE Limited to Acquire Chubb

September 2015. Press Releases by Bär & Karrer (view listing).

On 1 July 2015, ACE Limited, a Swiss company domiciled in Zurich, and The Chubb Corporation, a US company domiciled in Warren (New Jersey), announced that their Boards of Directors have unanimously approved an agreement under which ACE will acquire Chubb. Under the terms of the transaction, Chubb shareholders will receive per share USD 62.93 in cash and 0.6019 ACE shares. Together, ACE and Chubb will create a global leader in commercial and personal property and casualty (P&C) insurance. The transaction is expected to close during the first quarter of 2016, subject to approval by ACE and Chubb shareholders, merger control clearances and regulatory approvals.

Read more…

Bär & Karrer: 2 July 2015 - Implenia Places CHF 175 Million 0.5% Subordinated Convertible Bonds

September 2015. Press Releases by Bär & Karrer (view listing).

Implenia AG completed the placement of CHF 175 million 0.5% subordinated convertible bonds due 2022. The convertible bonds were issued at 100% of their principal amount and, unless previously redeemed, converted or repurchased and cancelled, will mature on 30 June 2022 at 100% of their principal amount. Credit Suisse AG and UBS AG acted as Joint Bookrunners and Zürcher Kantonalbank as Co-Lead Manager.

Read more…

Bär & Karrer: 14 July 2015 - Temasek's Investment Into Dufry

September 2015. Press Releases by Bär & Karrer (view listing).

Temasek Holdings (Private) Limited, an investment company based in Singapore, through an indirect wholly owned subsidiary invested into the Rights Offering of Dufry and subsequently further increased its stake in Dufry. Dufry's rights offering was conducted for the purpose of funding partially the acquisition of World Duty Free S.p.A.

Read more…

Bär & Karrer: 20 April 2015 - Bär & Karrer Again Awarded Swiss Law Firm of the Year by IFLR

May 2015. Press Releases by Bär & Karrer (view listing).

At the IFLR European Awards on 16 April 2015 in London, Bär & Karrer repeated last year's success by again winning the title "Swiss Law Firm of the Year".

Read more…

Bär & Karrer: 23 March 2015 - SK Capital Partners Acquires Controlling Interest in AEB Group

May 2015. Press Releases by Bär & Karrer (view listing).

SK Capital Partners, a US-based private investment firm with focus on the specialty materials, chemicals and healthcare sectors, has acquired a controlling interest in AEB Group, a global leader in wine ingredients with growing positions in beer ingredients and food detergents. Headquartered in Brescia, Italy, AEB Group operates a network of production facilities and laboratories throughout Europe and the Americas.

Read more…

Bär & Karrer: 23 April 2015 - Valora Sells Valora Warenlogistik to 7Days Media Services GmbH

May 2015. Press Releases by Bär & Karrer (view listing).

Valora has signed an agreement to sell Valora Warenlogistik AG to 7Days Media Services GmbH. Valora Warenlogistik includes Valora's activities in the warehouse and transport logistics sector in the German and Italian speaking part of Switzerland. The transaction is subject to approval by the competent merger control authorities.

Read more…

Bär & Karrer: 23 April 2015 - Successful Refinancing of the Orange Group

May 2015. Press Releases by Bär & Karrer (view listing).

The holding companies of the Orange group Matterhorn Telecom S.A. and Matterhorn Telecom Holding S.A. have successfully placed CHF 450,000,000 3.625% Fixed Rate Senior Secured Notes, € 1,000,000,000 3.875 % Fixed Rate Senior Secured Notes, € 265,000,000 Floating Rate Senior Secured Notes and € 250,000,000 4.875 % Senior Notes. The Senior Secured Notes will mature in 2022 and the Senior Notes will mature in 2023. Credit Suisse acted as Global Coordinator and as Joint Bookrunner together with J.P. Morgan, BNP Paribas, Goldman Sachs International, Société Générale and Natixis.

Read more…

Bär & Karrer: 30 April 2015 - Combination of Dorma and Kaba

May 2015. Press Releases by Bär & Karrer (view listing).

Dorma Holding GmbH + Co. KGaA, a family-owned company headquartered in Ennepetal (Germany), and Kaba Holding AG, a Swiss company listed on the SIX Swiss Exchange headquartered in Rümlang, plan to merge to become the dorma+kaba group as one of the global top 3 companies in the security and access solutions market. A corresponding transaction agreement was signed on 29 April 2015. The combination is subject to approval by the shareholders. The completion of the transaction is envisaged for the third quarter of 2015. Upon completion of the merger, Kaba Holding will contribute its operational business into today's Dorma Holding, where the operational business will be merged, and will receive a 52.5 percent controlling stake thereof. Accordingly, the owners of the Dorma group will hold a stake of 47.5 percent in the combined business. The family shareholders of Dorma and Kaba, who will jointly hold 27.3 percent of the SIX-listed Swiss dorma+kaba Holding, have signed a long-term pool agreement as a strong anchor shareholder group.

Read more…

Bär & Karrer: 16 March 2015 - Bär & Karrer Again Awarded "Swiss Law Firm of the Year" by The Lawye

May 2015. Press Releases by Bär & Karrer (view listing).

For the fifth time since 2010, Bär & Karrer was awarded "Swiss Law Firm of the Year" at The Lawyer's annual European Awards ceremony in London. Bär & Karrer was praised for its efforts at distinguishing itself as a "truly Swiss firm", with offices in all major language areas of the country and for an "interesting mix of deals and initiatives".

Read more…

24 February 2015 - Tencent Acquires Miniclip Group SA

March 2015. Press Releases by Bär & Karrer (view listing).

Tencent has acquired ownership in Miniclip Group SA. Headquartered in Neuchâtel, Switzerland, Miniclip is a digital games company which develops, publishes and distributes mobile and online games to around 70 million monthly active users across mobile, social and online platforms. Tencent, listed on the Hong Kong Stock Exchange, is one of the largest internet companies worldwide based on market capitalization and provides services such as social networks, web portals, e-commerce, and multiplayer online games.

Read more…

4 March 2015 - Valora Successfully Completes the Acquisition of LS Distribution Suisse (Naville)

March 2015. Press Releases by Bär & Karrer (view listing).

Valora has completed the acquisition of LS Distribution Suisse, which holds all shares in Naville, the leading integrated small-outlet retailer in French-speaking Switzerland. Naville operates an outlet network encompassing more than 175 units and also has one of the main logistics platforms in French-speaking Switzerland.

Read more…

5 March 2015 - Capita Successfully Completes the Acquisition of avocis

March 2015. Press Releases by Bär & Karrer (view listing).

Capita, a UK leader in business process management and outsourcing solutions, has successfully completed its previously announced acquisition of avocis, a leading provider of customer contact management services in Germany, Switzerland and Austria, from its former owners.

Read more…

5 March 2015 - Novartis Portfolio Transformation Completed

March 2015. Press Releases by Bär & Karrer (view listing).

On 22 April 2014, Novartis announced that it had agreed to acquire GlaxoSmithKline's (GSK) oncology products and to divest its vaccines business (excluding flu) to GSK. Moreover, Novartis and GSK had agreed to combine Novartis OTC and GSKs consumer health businesses in a joint venture. In a separate transaction, Novartis had agreed to divest its animal health business to Eli Lilly.

Read more…

2 February 2015 - Bär & Karrer Further Strengthens its Tax Team with Prof. Dr. Robert Danon

February 2015. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is delighted to announce that, as of 1 February 2015, Robert J. Danon, Professor of Swiss and International Tax Law at the University of Lausanne, will join Bär & Karrer as Counsel and further strengthen its tax practice group.

Read more…

27 January 2015 - Bär & Karrer Partner hears first CAS sports case in Abu Dhabi

February 2015. Press Releases by Bär & Karrer (view listing).

Michele Bernasconi, partner at Bär & Karrer, was recently assigned by the Court of Arbitration for Sport (CAS) to lead the first hearing in a CAS matter held at the court's Abu Dhabi branch. The case related to an Indian swimmer that filed an appeal with CAS against a sanction of two years ban, imposed by the Indian National Anti-Doping Agency.

Read more…

27 January 2015 - Bär & Karrer Partner wins Silver at Citywealth Power Women Awards

February 2015. Press Releases by Bär & Karrer (view listing).

Tina Wüstemann, who heads Bär & Karrer's private client department, was honored in the 2015 Citywealth Power Women Awards, which took place in London on 22 January 2015. She won a Silver Award in the category "Woman of the Year: Leadership (Professional services)". Awards were handed out to individuals and companies that support female leadership and diversity within the wealth management sector. The winners were selected from a shortlist of candidates drawn up by ten judges, all prominent figures from the wealth industry. Additional online voting was verified by an independent third Party.

Read more…

12 January 2015 - Walgreens Acquires the Remaining Equity Ownership in Alliance Boots

January 2015. Press Releases by Bär & Karrer (view listing).

Walgreen Co., the largest drug store chain in the United States, has completed the acquisition of the remaining 55% equity ownership in Alliance Boots GmbH, the Swiss parent company of a leading international pharmacy-led health and beauty group. Walgreens had acquired 45% in Alliance Boots GmbH in 2012 with the option to proceed to a full combination by acquiring the remaining 55%.

Read more…

15 January 2015 - Daniel Leu elected partner

January 2015. Press Releases by Bär & Karrer (view listing).

We are pleased to announce that we elected Daniel Leu as partner as of 1 January 2015. Daniel Leu, a Certified Inheritance Law Specialist, advises private clients on corporate and estate planning, on the handling of estates, in connection with foundations and trusts and on questions in connection with the place of residence. Other areas of work include advising clients who buy or sell real estate in Switzerland and art law.

Read more…

8 January 2015 - Transfer of the Swiss Transmission Grid to Swissgrid

January 2015. Press Releases by Bär & Karrer (view listing).

On 5 January 2015, Swissgrid acquired further parts of the Swiss transmission grid, including the transmission grid company of the city of Zurich.

Read more…

22 December 2014 - Completion of Public Tender Offer for Swisslog Holding AG

January 2015. Press Releases by Bär & Karrer (view listing).

In the cash public tender offer by KUKA Aktiengesellschaft, Augsburg, Germany, for the publicly held shares of Swisslog Holding AG, listed on SIX Swiss Exchange and headquartered in Buchs/Aarau, Switzerland, a total of 230'678'047 Swisslog shares were tendered into the offer, corresponding to 91.80% of all shares issued by Swisslog as of 29 September 2014. KUKA consummated the offer on 15 December 2014.

Read more…

19 December 2014 - Funds Advised by Apax Partners Agree to Sell Orange Communications SA

December 2014. Press Releases by Bär & Karrer (view listing).

On 18 December 2014, Funds advised by Apax Partners announced that they have agreed to sell Orange Communications SA to NJJ Capital, Xavier Niel's private holding company, for a total transaction value of CHF 2.8 billion (EUR 2.3 billion). The transaction is subject to customary regulatory approval and expected to be completed by the end of the first quarter of 2015.

Read more…

12 December 2014 - Bär & Karrer Awarded Switzerland M&A Legal Adviser of the Year by Mergerarket

December 2014. Press Releases by Bär & Karrer (view listing).

Bär & Karrer was elected Switzerland M&A Legal Adviser of the Year at yesterday's annual Mergermarket M&A Awards. Based on a comprehensive analysis of Mergermarket's league tables, the judging panel chose Bär & Karrer from among seven shortlisted Swiss and international law firms that were particularly active in the Swiss M&A market in 2014.

Read more…

27 November 14 - Onex Corporation to acquire SIG Combibloc Group AG

December 2014. Press Releases by Bär & Karrer (view listing).

Onex Corporation has agreed to acquire SIG Combibloc Group AG for up to EUR 3.75 billion (USD 4.66 billion). EUR 3.575 billion (USD 4.44 billion) will be paid at the closing of the transaction, with an additional amount of up to EUR 175 million (USD 217 million) payable based on the financial performance of SIG in 2015 and 2016. The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.

Read more…

6 February 2014 - Allianz Places CHF 500,000,000 Undated Subordinated Resettable Fixed Rate Notes

February 2014. Press Releases by Bär & Karrer (view listing).

Allianz SE successfully placed CHF 500 million 3.25 per cent Undated Subordinated Resettable Fixed Rate Notes. The Notes have no final maturity date. The terms and conditions of the Notes provide for optional or mandatory deferral of coupon payments in certain circumstances. Deutsche Bank, UBS Investment Bank and Zürcher Kantonalbank acted as Joint Lead Managers.

Read more…

31 January 2014 - NXMH acquires Stokke

February 2014. Press Releases by Bär & Karrer (view listing).

NXMH, a Belgian investment company held by NXC South Korea, has acquired Stokke AS from the owner family. Stokke is a leading provider of premium children furniture and products based in Norway.

Read more…

24 December 2013 - Nestlé SA sells its entire stake in Givaudan SA

January 2014. Press Releases by Bär & Karrer (view listing).

On 11 December 2013, Nestlé sold its entire stake in Givaudan amounting to 926'562 shares of Givaudan (corresponding to approx. 10.03% of the total share capital of Givaudan). The shares of Givaudan were sold to institutional investors through an accelerated bookbuilding process led by Goldman Sachs. Measured by the share price before the announcement of the transaction, the value of the stake amounted to approx. CHF 1.14 Billion.

Read more…

9 January 2014 - Public tender offer for Società Elettrica Sopracenerina SA

January 2014. Press Releases by Bär & Karrer (view listing).

On 4 September 2013, SES Holding SA - a company domiciled in Locarno and held at 99.5% by Azienda elettrica ticinese (AET) and at 0.5% by six municipalities of the Canton of Ticino (Biasca, Gambarogno, Locarno, Losone, Minusio and Muralto) - published a public tender offer for all publicly held registered shares of Società Elettrica Sopracenerina SA (SES). The tender offer was completed on 6 November 2013. The transaction aimed to transfer to the public sector the electric grids of SES, which are of great importance for the Ticino region and its municipalities. After the tender offer, SES Holding SA - together with the six municipalities of the Canton of Ticino - could increase its participation in SES to over 98%. At the end of December 2013, SES Holding SA started the squeeze-out procedure as provided for in the stock exchange act, in order to gain full control of SES in 2014.

Read more…

Partners Group and Capvis acquire VAT Holding AG

December 2013. Press Releases by Bär & Karrer (view listing).

Partners Group, a global private markets investment manager, and Capvis, a leading Swiss mid-size market PE fund, have agreed to jointly acquire VAT Holding, the global market leader in high-end vacuum valves. The transaction is subject to merger control approval.

Read more…

IPO of Cembra Money Bank AG (formerly: GE Money Bank AG)

November 2013. Press Releases by Bär & Karrer (view listing).

Cembra Money Bank AG (formerly: GE Money Bank AG) (CEMBRA), a leading consumer finance bank in Switzerland, closed its Initial Public Offering (IPO) on 4 November 2013. CEMBRA's Shares were first listed and traded on SIX Swiss Exchange on 30 October 2013.

 

 

Read more…

Bär & Karrer: 25 October 2013 - Globus to acquire Schild

October 2013. Press Releases by Bär & Karrer (view listing).

Globus, a leading Swiss premium department store chain, has agreed to acquire Schild, a Swiss fashion house. Completion of the transaction is expected to take place in the beginning of 2014, subject, inter alia, to merger control approvals.

Read more…

Bär & Karrer: 4 July 2013 – zahnarztzentrum.ch acquires five dental centers

July 2013. Press Releases by Bär & Karrer (view listing).

zahnarztzentrum.ch, the leading company for dental services in the German speaking part of Switzerland, has purchased five dental centers in Bern, Biel, Fri-bourg, Spreitenbach and Volketswil from private sellers.

Read more…

Bär & Karrer: 27 Dec 2012 - SK Capital acquires various Clariant businesses

January 2013. Press Releases by Bär & Karrer (view listing).

US private equity investor SK Capital Partners has agreed to acquire Clariant's business units textile chemicals, paper chemicals and emulsions in a combined share and asset transaction across more than 30 jurisdictions. The total transaction volume amounts to approximately CHF 502 million.

Read more…

Bär & Karrer: 3 Jan 2013 - Swissgrid completes acquisition of the Swiss transmission grid

January 2013. Press Releases by Bär & Karrer (view listing).

On 3 January 2013, Swissgrid completed the acquisition of the Swiss transmission grid. This is a significant milestone in the history of the Swiss electricity industry. As from now, Swissgrid will not only be responsible for operating the grid, but also for maintaining, modernising and expanding it. Swissgrid and the previous owners of the transmission grid started the complex process of transferring the grid in 2009.

Read more…

Bär & Karrer: 10 Jan 2013 - Swiss Re sells Aurora Versicherungs AG to Compre Holdings Limited

January 2013. Press Releases by Bär & Karrer (view listing).

Swiss Re has entered into an agreement with Compre Holdings Limited regarding the sale of Aurora Versicherungs AG, a Swiss insurance company in run-off with a portfolio of largely motor liability claims. The acquisition is subject to approval from the Swiss Financial Market Supervisory Authority.

Read more…

Bär & Karrer: 10 Dec 2012 - Chinese Jinsheng Group acquires part of OC Oerlikon's textile business

January 2013. Press Releases by Bär & Karrer (view listing).

The Chinese Jinsheng Group has entered into an agreement with OC Oerlikon regarding the acquisition of Oerlikon's business units Natural Fibers and Textile Components. The purchase price amounts to approx. CHF 650 million.

Read more…

Bär & Karrer: 19 Dec 2012 - R Geiser has acquired the majority of the shares in Farner Consulting A

January 2013. Press Releases by Bär & Karrer (view listing).

Roman Geiser has acquired the majority of the shares in Farner Consulting AG, one of the leading communication agencies in Switzerland, from Christian König and took over the operational management of the company.

Read more…

Bär & Karrer: 7 Dec 2012 - Swiss Prime Site AG successfully completes rights offering

January 2013. Press Releases by Bär & Karrer (view listing).

On 7 December 2011, Swiss Prime Site AG, one of the leading real estate investment companies in Switzerland, successfully completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 349 million. The net proceeds of the rights offering will be used to finance Swiss Prime Site AG's existing and potential new real estate development projects. Credit Suisse AG, UBS AG and Zürcher Kantonalbank acted as Joint Lead Managers in the offering.

Read more…

Bär & Karrer: 27 Nov 2012 - VistaJet places largest single transaction in business aviation

January 2013. Press Releases by Bär & Karrer (view listing).

VistaJet, the world's luxury aviation company, has placed a firm order for 56 new Bombardier Global aircraft, with 86 further options. With a list price value of more than $7.8 billion, this is the single largest transaction placed with any aircraft manufacturer in the history of business aviation. Deliveries of this order will commence in 2014.

Read more…

Bär & Karrer: 5 November 2012 - Waterland Private Equity acquires SENIO care Group

November 2012. Press Releases by Bär & Karrer (view listing).

Waterland Private Equity has acquired the SENIOcare Group, leading operator of elderly care and nursing homes in Switzerland.

Read more…

Bär & Karrer: 24 October 2012 - Julius Bär completes acquisition financing

October 2012. Press Releases by Bär & Karrer (view listing).

On 22 October 2012, Julius Bär Group, a leading Swiss private banking group, successfully completed a CHF 492 million capital increase by way of a rights offering to the shareholders of its parent company. In September, Julius Bär had already issued and placed CHF 250 million of perpetual Tier 1 subordinated bonds with institutional and private investors. The net proceeds of the rights offering and the hybrid bonds issuance will be used to finance the acquisition of Bank of America Merrill Lynch's International Wealth Management business based outside the US and Japan. Credit Suisse AG, Goldman Sachs International and Bank of America Merrill Lynch International acted as joint lead managers in the rights issue whereas Credit Suisse AG and Zürcher Kantonalbank acted as joint lead managers for the hybrid bonds placement.

Read more…

Bär & Karrer: 11 October 2012 – Coca-Cola HBC AG announces a voluntary exchange offer

October 2012. Press Releases by Bär & Karrer (view listing).

Coca-Cola HBC AG, Switzerland, ("Coca-Cola HBC") announced today a voluntary share exchange offer to acquire all outstanding ordinary registered shares of Coca-Cola Hellenic Bottling Company S.A. ("Coca-Cola Hellenic"), on a one-for-one basis. The proposed offer, which is supported by the Coca-Cola Hellenic Board of Directors, will facilitate a primary listing of the Coca-Cola Hellenic Group in the premium segment of the London Stock Exchange ("LSE") and its potential inclusion in the FTSE 100 under a new Swiss holding company. In addition, Coca-Cola HBC will establish a New York Stock Exchange ("NYSE") listing through American Depositary Shares (ADSs) and seek a parallel listing on the Athens Exchange ("ATHEX"). The transaction will have no impact on Coca-Cola Hellenic's business, strategy and operations.

Read more…

1 October 2012 - Completion of USD 10 billion Cross-Border Merger of Pentair and...

October 2012. Press Releases by Bär & Karrer (view listing).

Tyco International's Flow Control Business

Pentair, Inc., a US company listed on the NYSE, and Tyco International Ltd., a Swiss company listed on the NYSE, announced the completion of the merger of Pentair, Inc. and the Flow Control business of Tyco International Ltd. (NYSE: TYC). Pentair, Inc. and Flow Control have combined to create Pentair Ltd., a Swiss industrial growth company that is a global leader in water and fluid solutions, valves and controls, equipment protection and thermal management products. 

Read more…

Bär & Karrer: 1 October 2012 - Completion of USD 10 billion Cross-Border Merger of Pentair and...

October 2012. Press Releases by Bär & Karrer (view listing).

Tyco International's Flow Control Business

Pentair, Inc., a US company listed on the NYSE, and Tyco International Ltd., a Swiss company listed on the NYSE, announced the completion of the merger of Pentair, Inc. and the Flow Control business of Tyco International Ltd. (NYSE: TYC). Pentair, Inc. and Flow Control have combined to create Pentair Ltd., a Swiss industrial growth company that is a global leader in water and fluid solutions, valves and controls, equipment protection and thermal management products. 

Read more…

Orascom Development Holding sold a number of The Chedi Andermatt apartments to Acuro Immobilien

September 2012. Press Releases by Bär & Karrer (view listing).

Orascom Development Holding AG, one of the leading developer of fully integrated tourism destinations and leisure facilities has sold 73 apartments in the mixed-use project The Chedi Andermatt for CHF 122.7 Mio to Acuro Immobilien AG. Acuro Immobilien AG is indirectly controlled by private equity real estate investors and managed by Swiss Finance & Property AG in cooperation with Orox Asset Management S.A.

Read more…

Bär & Karrer: 14 September 2012 – Swiss Prime Site acquires all shares of Wincasa from Credit Sui

September 2012. Press Releases by Bär & Karrer (view listing).

Swiss Prime Site AG, the leading company for real estate investments in Switzerland, has reached an agreement with Credit Suisse Group Ltd for the acquisition of all shares of Wincasa AG. Wincasa AG is one of the leading real estate service providers in Switzerland, with more than 670 employees and 171,000 properties under management.

Read more…

Domino's Pizza Group PLC to acquire the business of Domino's Pizza Switzerland AG

September 2012. Press Releases by Bär & Karrer (view listing).

Domino's Pizza Group PLC, the leading pizza delivery company with stores in the UK, the Republic of Ireland and Germany, has reached an agreement to acquire the business of Domino's Pizza Switzerland AG including the Master Franchise Agreement, which provides the company with the exclusive right to operate and franchise Domino's stores in Switzerland, Liechtenstein and Luxembourg as well as an option to acquire the Master Franchise Agreement for Austria.

Read more…

Public tender offer by Andermatt-Surselva Sport AG for all shares in Sedrun Bergbahnen AG and...

September 2012. Press Releases by Bär & Karrer (view listing).

Andermatt Gotthard Sportbahnen AG successfully concluded

The offer period regarding the tender offer by Andermatt-Surselva Sport AG, a wholly owned subsidiary of Orascom Development Holding AG (SIX: ODHN) for all shares in the ski lift companies Sedrun Bergbahnen AG (SB) and Andermatt Gotthard Sportbahnen AG (AGS) was successfully concluded on Friday, 17 August 2012. 

Read more…

Bär & Karrer: Public tender offer by Andermatt-Surselva Sport AG for all shares in...

August 2012. Press Releases by Bär & Karrer (view listing).

Sedrun Bergbahnen AG and Andermatt Gotthard Sportbahnen AG successfully concluded

The offer period regarding the tender offer by Andermatt-Surselva Sport AG, a wholly owned subsidiary of Orascom Development Holding AG (SIX: ODHN) for all shares in the ski lift companies Sedrun Bergbahnen AG (SB) and Andermatt Gotthard Sportbahnen AG (AGS) was successfully concluded on Friday, 17 August 2012. 

Read more…

Bär & Karrer partner presides first arbitration of the London Olympic Games 2012

July 2012. Press Releases by Bär & Karrer (view listing).

After being selected to sit as arbitrator on the ad hoc Division of the Court of Arbitration for Sport (CAS) for the Olympic Games in London, Michele Bernasconi has ruled in the first 2012 Olympic case.

Read more…

Neopost S.A. acquires all shares in GMC Software AG

July 2012. Press Releases by Bär & Karrer (view listing).

Neopost S.A., the European leader and number two worldwide supplier of mailroom solutions, has acquired all shares in GMC Software AG, a Swiss based leader in the field of Customer Communication Management.

Read more…

Bär & Karrer partner selected as arbitrator for the London 2012 Olympic Games

July 2012. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that the International Council of Arbitration for Sport (ICAS) has selected partner Michele Bernasconi to sit as arbitrator on the tribunal for the Olympic Games in London.

Read more…

Bunzl plc expands in Switzerland

July 2012. Press Releases by Bär & Karrer (view listing).

Bunzl plc, the international distribution and outsourcing group listed on London Stock Exchange, acquires 100% of the shares of MMH Holding AG and its subsidiaries from Markus Meier, Daniel Meier and Reto Hofmann through its Swiss subsidiary Weita Holding AG.

Read more…

3 July 2012 – Bär & Karrer advises Swiss Re in the sale of Swiss Re Private Equity Partners to Bl

July 2012. Press Releases by Bär & Karrer (view listing).

Swiss Re has entered into an agreement with BlackRock regarding the sale of Swiss Re Private Equity Partners and certain other assets constituting the private equity and infrastructure fund of funds franchise of Swiss Re. Swiss Re and BlackRock have also entered into a strategic alternative investment relationship agreement, which reinforces Swiss Re's current investments in private equity products and establishes other future Swiss Re commitments to BlackRock products.

Read more…

Walgreens and Alliance Boots form strategic partnership

June 2012. Press Releases by Bär & Karrer (view listing).

Walgreen Co., the largest drug store chain in the United States, and Alliance Boots GmbH, the Swiss parent company of a leading international pharmacy-led health and beauty group, announced that they have entered into a strategic transaction in which Walgreens will invest approximately USD6.7 billion in cash and stock, in exchange for a 45% equity ownership stake in Alliance Boots.

Read more…

Bär & Karrer: 11 June 2012 – Migros acquires particpation in Digitec

June 2012. Press Releases by Bär & Karrer (view listing).

The administration of the Migros-Genossenschafts-Bund agreed to acquire a 30%-stake in Galaxus AG. Galaxus AG operates the online shops www.galaxus.com and www.digitec.ch. Digitec is a retailer in information technology and entertainment electronics.

Read more…

Bär & Karrer team assists Sandoz in successfully defending against a claim from Monsanto in an ICC

May 2012. Press Releases by Bär & Karrer (view listing).

A team of Bär & Karrer consisting of Partner Daniel Hochstrasser, Senior Associate Nadja Jaisli and Junior Associate Andrea Roth-Rufener has successfully assisted Sandoz, a member of the Novartis Group, against damages claims of USD 125 Mio. brought in an ICC arbitration by Monsanto.

Read more…

Bär & Karrer team successfully represents TeliaSonera in a Swiss Federal Supreme Court case

May 2012. Press Releases by Bär & Karrer (view listing).

In a judgment rendered on 30 April 2012 (4A_763/2011), the Swiss Federal Supreme Court dismissed an application of Çukurova Holding against Sonera Holding (a subsidiary of TeliaSonera, and at the same time Turkcell's biggest shareholder) for judicial review of an ICC award between the parties.

Read more…

6th Intensive Seminar Mergers & Acquisitions for Practitioners (25-26 September 2012)

May 2012. Press Releases by Bär & Karrer (view listing).

Christoph Neeracher, partner at Bär & Karrer, again chairs the 6th Intensive Seminar on Mergers & Acquisitions for Practitioners which will be held on 25-26 September 2012 in Lucerne under the patronage of the University of St. Gallen.

Read more…

Bär & Karrer wins Chambers Europe Award "Switzerland Law Firm of the Year"

May 2012. Press Releases by Bär & Karrer (view listing).

Bär & Karrer was awarded the title "Switzerland Law Firm of the Year" at the Chambers Europe Awards for Excellence 2012 in Amsterdam. Chambers publishes one of the leading directories of the legal profession worldwide.

Read more…

Petroplus Enters into Agreement for the Sale of the Cressier Refinery and...

May 2012. Press Releases by Bär & Karrer (view listing).

Related Swiss Marketing and Logistics Assets

Petroplus has entered into an agreement with Varo Holding SA, a joint venture between the Vitol Group and AtlasInvest, for the sale of the assets of Petroplus Refining Cressier S.A. and the related Swiss marketing and logistics assets.

Read more…

Swiss Re Issues USD 750,000,000 Perpetual Subordinated Capital Instruments with Stock Settlement

April 2012. Press Releases by Bär & Karrer (view listing).

Based on the issuance of USD 750,000,000 Perpetual Subordinated Capital Instruments with Stock Settlement by Swiss Reinsurance Company Ltd, an international placement of USD 750,000,000 Perpetual Limited Recourse Secured Notes issued by the repackaging vehicle Aquarius + Investments plc was completed.

Read more…

USD 10 Billion All-Stock Merger of Pentair and Tyco International's Flow Control Business

April 2012. Press Releases by Bär & Karrer (view listing).

Pentair, Inc., a US company listed on the NYSE, and Tyco International Ltd, a Swiss company listed on the NYSE, announced an agreement to combine Tyco's flow control business with Pentair in a cross-border merger.

Read more…

Cytos Biotechnology AG to raise up to CHF 37 million from international and strategic investors...

March 2012. Press Releases by Bär & Karrer (view listing).

to advance asthma clinical program

Cytos Biotechnology AG, a Swiss biotech company developing a new class of biopharmaceutical products called Immunodrugs™, today announced that it has signed agreements with a syndicate of international and strategic investors to raise a total of up to CHF 37 million (USD 40 million) in equity and debt. 

Read more…

Initial Public Offering of DKSH Holding AG

March 2012. Press Releases by Bär & Karrer (view listing).

In Switzerland's largest IPO in five years, today the shares of DKSH Holding AG (DKSH) were listed on SIX Swiss Exchange according to the Main Standard. DKSH is the leading Market Expansion Services provider with a focus on Asia.

Read more…

Bär & Karrer: 21 February 2012 - Citizen Watch Co., Ltd. to acquire all shares in Prothor Holding S

March 2012. Press Releases by Bär & Karrer (view listing).

Citizen Watch Co., Ltd. agreed to acquire all shares in Prothor Holding SA, a leading manufacturer of mechanical movements and components for the mechanical watch industry.

Read more…

Toyota Industries Corporation and Uster Technologies AG sign a Transaction Agreement

February 2012. Press Releases by Bär & Karrer (view listing).

Publication of Offer Prospectus expected on 29 February 2012

On 8 November 2011, Toyota Industries Corporation (Kariya-shi, Japan) published a pre-announcement for the public tender offer for all publicly held registered shares of Uster Technologies AG. 

Read more…

21 February 2012 – Swiss Re Places CHF 320,000,000 Perpetual Subordinated Notes with Stock Settlem

February 2012. Press Releases by Bär & Karrer (view listing).

Swiss Reinsurance Company Ltd successfully placed CHF 320,000,000 Perpetual Subordinated Notes with Stock Settlement (the "Notes"). The Notes provide for an innovative stock settlement any time at market or at a floor price if the minimum solvency margin has been breached.

Read more…

ARYZTA AG closes placement of shares in the amount of approximately CHF 174 million

January 2012. Press Releases by Bär & Karrer (view listing).

ARYZTA AG, a public Swiss nutrition company, has successfully placed 4.25 million new shares for approximately CHF 174 million through an accelerated book-building initiated and arranged by UBS AG.

Read more…

30 December 2011 – Bär & Karrer advises Apax Partners in its acquisition of Orange Communications

January 2012. Press Releases by Bär & Karrer (view listing).

On 23 December 2011, Funds advised by Apax Partners announced that they have entered into an agreement to purchase 100 per cent of mobile phone operator Orange Communications SA from the France Telecom Group for approximately CHF 2 billion. The transaction, which is subject to the approval of the Swiss authorities, will be submitted to the Board of Directors of France Telecom for approval during January 2012.

Read more…

19 December 2011 – Acino and Teva reach an agreement to complete acquisition of...

December 2011. Press Releases by Bär & Karrer (view listing).

Mepha's production and R&D facilities and MENA/LATAM/Asian businesses

Acino Pharma AG ("Acino"), a wholly owned subsidiary of Acino Holding AG (SIX: ACIN), has signed an agreement with Teva Pharmaceutical Industries Ltd. to purchase the Middle Eastern, African, Latin American and Asian businesses from Mepha LLC, a wholly owned subsidiary of Teva, and certain other subsidiaries of Teva. The combined asset and share transaction includes the acquisition of the Mepha site in Aesch, with its production and R&D facilities and has an aggregated value of EUR 94 million. 

Read more…

16 December 2011 – Bär & Karrer team successfully assists UEFA in a CAS arbitration case

December 2011. Press Releases by Bär & Karrer (view listing).

In an award rendered on 15 December 2011, the Court of Arbitration for Sport ("CAS") confirmed that FC Sion/Olympique des Alpes SA ("FC Sion") shall not be reintegrated in the UEFA Europa League 2011/2012 and lifted the interim measures issued by State court (Tribunal cantonal of Vaud).

Read more…

5 December 2011 – Transocean Ltd. closes placement of new shares in the amount of approximately CH

December 2011. Press Releases by Bär & Karrer (view listing).

On 5 December 2011, the world's largest oil drilling contractor, Transocean Ltd.,successfully closed the issuance of 29.9 million new shares to refinance, interalia, the acquisition of Aker Drilling ASA which occurred in September 2011.

Read more…

8 December 2011 – Mobimo successfully completes CHF 200 million rights offering

December 2011. Press Releases by Bär & Karrer (view listing).

On 8 December 2011, Mobimo Holding AG (Mobimo), one of the leading real estate companies in Switzerland, successfully completed a CHF 200 million capital increase by way of a rights offering to its shareholders.

Read more…

Bär & Karrer team successfully assists TeliaSonera in ICC arbitration case

December 2011. Press Releases by Bär & Karrer (view listing).

In an award rendered on 1 September 2011, an ICC arbitral tribunal ordered the Turkish Cukurova Holding to pay Sonera Holding (a subsidiary of TeliaSonera, and at the same time Turkcell’s biggest shareholder) USD 932 million plus interest as damages for failure to deliver the outstanding shares in Turkcell Holding.

Read more…

30 November 2011 – Fluxys Buys Transitgas Gas Pipepline from Eni

December 2011. Press Releases by Bär & Karrer (view listing).

Fluxys, the Belgian gas transmission system operator, and Eni, the Italian oil and gas group, closed a deal involving the purchase by Fluxys of Eni's interests in the gas pipelines of Transitgas (Switzerland) and TENP (Germany).

Read more…

15 November 2011 – Joint venture of INEOS and BASF SE

November 2011. Press Releases by Bär & Karrer (view listing).

INEOS Industries Holdings Limited (INEOS) recently announced the completion of the 50/50 joint venture with BASF SE to combine their global business activities in styrene monomer, polystyrene, acrylonitrile butadiene styrene, styrene butadiene block copolymers and other styrene based copolymers as well as copolymer blends and compounds. The joint venture is called Styrolution and is expected to generate annual sales of more than EUR 5 billion. Slaughter and May advised INEOS Industries Holdings Limited (INEOS) as lead counsel.

Read more…

Toyota Industries Corporation launches Public Tender Offer for all publicly held shares

November 2011. Press Releases by Bär & Karrer (view listing).

in Uster Technologies AG

On 7 November 2011, Toyota Industries Corporation (Kariya-shi, Japan) has entered into an agreement to purchase an additional stake of 21.88% shares in Uster Technologies AG from funds controlled by Groupe Alpha. The closing of this agreement is subject to conditions. 

Read more…

4 November 2011 – Syngenta invests in Biognosys AG

November 2011. Press Releases by Bär & Karrer (view listing).

Syngenta Ventures Pte Limited, member of the Syngenta Group, has closed a venture capital investment in the ETH spin-off Biognosys AG. Founded in 2008, Biognosys is leader in targeted proteomics mass spectrometry.

Read more…

3 October 2011 - Bär & Karrer again elected Swiss Law Firm of the Year by The Lawyer

October 2011. Press Releases by Bär & Karrer (view listing).

For the second time in a row, Bär & Karrer was awarded the title "Swiss Law Firm of the Year" at The Lawyer's annual European Awards ceremony. Held in Geneva, the event saw the top firms from each of Europe's main markets rewarded for their excellence over the last 12 months.

Read more…

29 September 2011 – Bär & Karrer wins 2011 M&A Advisor Award

September 2011. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is a winner of a 2011 M&A Advisor Award for the Acquisition of Alcon by Novartis and the Going Private of Alcon. The transaction won the award Healthcare/Life Sciences transaction of the Year selected out of an international field of finalists.

Read more…

27 September 2011 – Bär & Karrer AG appoints new Board members

September 2011. Press Releases by Bär & Karrer (view listing).

Bär & Karrer has changed the composition of its Board of consists of the following members:
Daniel Hochstrasser (Senior Partner)
Dr. Markus Wang (Infrastructure)
Paolo Bottini (Finance)
Dr. Corrado Rampini (Human Resources)
Dr. Thomas Reutter (Business development & Know-how)

Read more…

26 September 2011 – Bank CA St. Gallen AG and swissregiobank AG have merged

September 2011. Press Releases by Bär & Karrer (view listing).

The shareholders of Bank CA St. Gallen AG ("Bank CA") and of swissregiobank AG ("swissregiobank") have approved the merger of both institutions at their extraordinary meeting on 23 September 2011. The SIX listed Bank CA as the transferring company has ceased to exist and will be delisted on 29 September 2011. The shareholders of Bank CA will receive 1.1762 swissregiobank shares for each Bank CA share. The merged entity has changed its name to acrevis Bank AG

Read more…

26 September 2011 – Bär & Karrer elects new partners

September 2011. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that Mariel Hoch Classen, Rashid Bahar, and Andrea Gamba have been elected as partners of the firm as of 1 January 2012.

Read more…

Levitronix sells medical business to Thoratec

August 2011. Press Releases by Bär & Karrer (view listing).

Levitronix, headquartered in Massachusetts (USA) and Zurich (Switzerland), carried out a corporate restructuring and sold its medical business to Thoratec Corporation. The lead commercial product of Levitronix Medical is a blood flow pump used for short-term surgical support.

Read more…

29 July 2011 – Successful Closing of USD 2.3 billion sale of Landis+Gyr to Toshiba

August 2011. Press Releases by Bär & Karrer (view listing).

The owners of Landis+Gyr successfully closed the sale of 100% of the shares and other securities of the company to Toshiba Corporation for USD 2.3 billion.

Read more…

5 August 2011 – Computacenter acquires majority stake in DAMAX

August 2011. Press Releases by Bär & Karrer (view listing).

Computacenter plc, Europe's leading independent provider of IT infrastructure services, has acquired a majority stake in the Swiss IT service provider DAMAX AG.

Read more…

13 July 2011 – Bank CA St. Gallen AG and swissregiobank AG to merge

July 2011. Press Releases by Bär & Karrer (view listing).

The board of directors of Bank CA St. Gallen AG ("Bank CA") and swissregiobank AG have signed a merger agreement today which provides for the merger of the two financial institutions.

Read more…

23 June 2011 – ENEL closes CHF 150 Million 2.00% Notes Issue and CHF 100 Million 3.00% Notes Issue

July 2011. Press Releases by Bär & Karrer (view listing).

ENEL Finance International N.V. successfully raised financing through placements of CHF 150 Million 2.00% notes and CHF 100 Million of 3.00% notes.

Read more…

ABB to acquire Trasfor

July 2011. Press Releases by Bär & Karrer (view listing).

ABB has agreed to acquire the Trasfor Group, a leading manufacturer of dry-type transformers and inductors for low-voltage and medium-voltage applications.

Read more…

11 July 2011 – Alpin Cargo takes over the Freight Business of Matterhorn Gotthard Bahn

July 2011. Press Releases by Bär & Karrer (view listing).

Alpin Cargo takes over the freight business of Matterhorn Gotthard Bahn and Gornergrat Bahn. The two railway companies will focus on their core compe-tences of providing railway transportation services.

Read more…

Rolf Watter elected as interim Chairman of Nobel Biocare

July 2011. Press Releases by Bär & Karrer (view listing).

The Board of Directors of Nobel Biocare has elected Rolf Watter in its meeting on Sunday, 3 July 2011 as interim Chairman of Nobel Biocare.

Read more…

21 June 2011 - Swiss Prime Site closes CHF 190.35 Million 1.875% Convertible Bond Issue

June 2011. Press Releases by Bär & Karrer (view listing).

Swiss Prime Site AG (the "Issuer") successfully raised financing through a placement of CHF 190.35 Million 1.875 % Convertible Bonds (the "Bonds"), convertible into registered shares of the Issuer.

Read more…

Swiss Prime Site closes CHF 190.35 Mio. 1.875% Convertible Bond Issue

June 2011. Press Releases by Bär & Karrer (view listing).

Swiss Prime Site AG (the "Issuer") successfully raised financing through a placement of CHF 190.35 Mio. 1.875 % Convertible Bonds (the "Bonds"), convertible into registered shares of the Issuer.

Read more…

Swiss Re Ltd. announces successful completion of its 1:1 exchange offer

June 2011. Press Releases by Bär & Karrer (view listing).

On 9 June 2011, Swiss Re Ltd. (“SRL”), a leading global reinsurer, announced the successful completion of its 1:1 exchange offer for the shares in Swiss Reinsurance Company Ltd.

Read more…

16 June 2011 - Daniel Hochstrasser assumes office as Senior Partner of the firm

June 2011. Press Releases by Bär & Karrer (view listing).

Daniel Hochstrasser assumes office as Senior Partner of the Swiss law firm Bär & Karrer. He succeeds Felix Ehrat who will leave the firm to become General Counsel of the pharmaceutical company Novartis.

Read more…

14 June 2011 - St. Gallen Bank Law Day

June 2011. Press Releases by Bär & Karrer (view listing).

On 24 June, the St. Gallen Bank Law Day takes place in Zurich. Different speakers will talk about various topics of bank law.

Read more…

17 May 2011 - Tina Wüstemann elected Runner up of the Year at Citywealth Magic Circle Awards

June 2011. Press Releases by Bär & Karrer (view listing).

Tina Wüstemann, who heads Bär & Karrer's private client department, has been honoured in the 2011 Citywealth Magic Circle Awards, which took place in London on 12 May 2011.

Read more…

5th Intensive Seminar Mergers & Acquisitions for Practitioners (20-21 September 2011)

June 2011. Press Releases by Bär & Karrer (view listing).

Christoph Neeracher, partner at Bär & Karrer, again chairs the 5th Intensive Seminar on Mergers & Acquisitions for Practitioners which will be held on 20-21 September 2011 in Lucerne under the patronage of the University of St. Gallen.

Read more…

19 April 2011 - Dr. Felix R. Ehrat will become the new General Counsel of Novartis

June 2011. Press Releases by Bär & Karrer (view listing).

The partnership of Bär & Karrer is pleased and honored to announce that Dr. Felix R. Ehrat will become the new General Counsel and permanent attendee of the Executive Committee of Novartis effective 1st October 2011.

Read more…

Daniel Hochstrasser assumes office as Senior Partner of the firm

June 2011. Press Releases by Bär & Karrer (view listing).

Daniel Hochstrasser assumes office as Senior Partner of the Swiss law firm Bär & Karrer. He succeeds Felix Ehrat who will leave the firm to become General Counsel of the pharmaceutical company Novartis.

Read more…

9 June 2011 – Habas Group sells one of its Swiss Real Estate Companies

June 2011. Press Releases by Bär & Karrer (view listing).

On 31 May 2011, Habas Group sold one of its Swiss real estate companies, Habas Swiss Investments AG III, with retail space of more than 7000m2 in the Cantons of Zurich and Berne.

Read more…

9 June 2011 – Metso purchases the shredding business from BP Recy-cling Systems

June 2011. Press Releases by Bär & Karrer (view listing).

Metso Denmark A/S has purchased the shredding business from BP Recycling Systems GmbH and its owner.

Read more…

Sale of Landis+Gyr to Toshiba

May 2011. Press Releases by Bär & Karrer (view listing).

The owners of Landis+Gyr have signed a securities purchase agreement on 100% of the shares and other securities of the company, which will be acquired by Toshiba Corporation for USD 2.3 billion. The transaction is expected to close in the third quarter of 2011. With over 8,000 utility customers globally, Landis+Gyr has been a pioneer in creating leading-edge smart metering, networking and service products to meet the needs of the utility industry for more than 100 years. Toshiba is acquiring this capability and know-how, and intends to build the business as a stand-alone platform to offer utilities the most comprehensive product and solution set in the industry.

Read more…

Kuoni Travel Holding Ltd. closes financing of its acquisi-tion of Gulliver's Travel Associates

May 2011. Press Releases by Bär & Karrer (view listing).

Kuoni Holding Travel Ltd. has closed the financing of the acquisition of Gulliver's Travel Associates (GTA) on 12 May 2011. Kuoni has become one of the leading global providers of online destination management services upon consummation of this acquisition. The acquisition was funded by credit facilities in the amount of CHF 600 million, a rights offering in the amount of CHF 257 million and available cash reserves. Credit Suisse acted as lead manager and sole bookrunner in the rights offering and as arranger of the credit facilities.

Read more…

17 May 2011 – Tina Wüstemann elected Runner up of the Year at Citywealth Magic Circle Awards

May 2011. Press Releases by Bär & Karrer (view listing).

Tina Wüstemann, who heads Bär & Karrer's private client department, has been
honoured in the 2011 Citywealth Magic Circle Awards, which took place in London
on 12 May 2011. She was elected Runner Up of the Year in the category International
Lawyer of the Year. Moreover, Tina Wüstemann was listed along with two
of her colleagues in the 2011 Citywealth annual leaders' list which recognises
leading wealth managers and advisers.

Read more…

20 April 2011 – Syngenta has consummated the sale of its materials protection business to Lanxess

April 2011. Press Releases by Bär & Karrer (view listing).

Syngenta Crop Protection AG has consummated the sale of its materials protection business to Lanxess Deutschland GmbH agreed upon earlier this year. Under the terms of a complex asset purchase agreement, Lanxess purchases intellectual property, registrations and regulatory data specific to materials protection.

Read more…

Swiss Federal Supreme Court dismisses action of Unia

April 2011. Press Releases by Bär & Karrer (view listing).

In its judgment of 17 March 2011 (4A_483/2010) the Swiss Federal Supreme Court dismissed an action of Gewerkschaft Unia (largest labour union in Switzer-land) against Borregaard Schweiz AG concerning alleged breaches of the statuto-ry duties of the employer during mass dismissals.

Read more…

Swiss Life AG closes placement of a CHF 325 million hybrid bond issuance

April 2011. Press Releases by Bär & Karrer (view listing).

Swiss Life AG is optimising its capital structure through the placement of CHF 325 million subordinated perpetual bonds, guaranteed on a subordinated basis by Swiss Life Holding AG. The bonds were priced with a coupon of 5.25% for the initial 5 ½ year period until the first call date. UBS AG, Credit Suisse AG and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch act as joint lead managers on this transaction and Zurich Cantonalbank as co-lead manager.

Read more…

Takeover of Süd-Chemie AG by Clariant AG

April 2011. Press Releases by Bär & Karrer (view listing).

At the Annual General Meeting of Clariant AG the shareholders voted in favour of a capital increase which clears the way for a takeover of more than 95 percent of the shares in Süd-Chemie AG, Munich, Germany. Part of the EUR 2 billion transaction will be completed in the form of a share swap with Süd-Chemie's longstanding shareholders.

Read more…

Sale of Brunner Erben Holding AG to STRABAG SE

March 2011. Press Releases by Bär & Karrer (view listing).

The owner of Brunner Erben Holding AG has signed a share purchase agreement on 100% of the shares of the company which will be acquired by Austrian STRABAG SE. The parties have agreed to keep confidential the conditions of this transaction, which is expected to close in April 2011.

Read more…

Sale of Astrada AG to STRABAG SE

March 2011. Press Releases by Bär & Karrer (view listing).

The owner of Astrada AG has signed a share purchase agreement on 100% of the shares of the company which will be acquired by Austrian STRABAG SE. The parties have agreed to keep confidential the conditions of this transaction, which is expected to close in March 2011.

Read more…

Bär & Karrer wins 2011 M&A Advisor Turnaround Award

March 2011. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is a winner of a 2011 M&A Advisor Turnaround Award for its OC Oerlikon restructuring. The transaction won the award Out-of-Court Reorganization of the Year selected out of an international field of finalists.

Read more…

Syngenta sells its material protection business to Lanxess

March 2011. Press Releases by Bär & Karrer (view listing).

Syngenta Crop Protection AG has signed an agreement to divest its Materials Protection business to Lanxess Deutschland GmbH. Under the terms of the agreement, Lanxess purchases intellectual property, registrations and regulatory data specific to materials protection. The transaction is expected to close in April 2011.

Read more…

Swiss Re announces creation of new corporate holding structure

February 2011. Press Releases by Bär & Karrer (view listing).

On 17 February 2011 Swiss Re, a leading global reinsurer, announced the creation of a new corporate holding structure aligned to meet its strategic priorities. This structure will be achieved through a public exchange offer of the newly created holding company. The offer prospectus is expected to be published on 31 March 2011.

Read more…

Swiss Re announces creation of new corporate hold-ing structure

February 2011. Press Releases by Bär & Karrer (view listing).

On 17 February 2011 Swiss Re, a leading global reinsurer, announced the crea-tion of a new corporate holding structure aligned to meet its strategic priorities. This structure will be achieved through a public exchange offer of the newly created holding company. The offer prospectus is expected to be published on 31 March 2011.

Read more…

Acquisition of Banque Safdié by Bank Leumi

February 2011. Press Releases by Bär & Karrer (view listing).

Bank Leumi signed an agreement with the owners of Banque Safdié, a privately held Swiss private bank in Geneva, according to which it will acquire the entire share capital of the bank.

Read more…

Bär & Karrer named a finalist for 2011 Turnaround and IFLR Awards

February 2011. Press Releases by Bär & Karrer (view listing).

OC Oerlikon restructuring nominated for "Turnaround of the year" and "Most innovative restructuring of the year"

Read more…

ALSO Holding AG and Actebis GmbH to Merge

February 2011. Press Releases by Bär & Karrer (view listing).

On 13 January 2011 it was announced, that Actebis GmbH ("Actebis") and the publicly listed ALSO Holding AG ("ALSO") are to combine their businesses, subject to approval of the ALSO shareholders at the extraordinary shareholders' meeting of 8 February 2011.

Read more…

Gruppo Banca Leonardo erwirbt Sal. Oppenheim jr. & Cie. Corporate Finance (Schweiz) AG

January 2011. Press Releases by Bär & Karrer (view listing).

Gruppo Banca Leonardo, eine führende unabhängige europäische Investmentbank und Vermögensverwalterin mit Hauptsitz in Mailand/Italien, erwirbt für einen nicht offen gelegten Kaufpreis die Sal. Oppenheim jr. & Cie. Corporate Finance (Schweiz) AG, eines der führenden Corporate Finance Beratungsunternehmen der Schweiz. Die Transaktion steht unter dem Vorbehalt der Zustimmung der Banca d'Italia.

Read more…

Gruppo Banca Leonardo acquires Sal. Oppenheim jr. & Cie. Corporate Finance (Switzerland) Ltd.

January 2011. Press Releases by Bär & Karrer (view listing).

Gruppo Banca Leonardo, a leading independent European investment bank and wealth manager headquartered in Milan/Italy, has agreed to acquire for an undis-closed purchase price Sal. Oppenheim jr. & Cie. Corporate Finance (Switzerland) Ltd., one of Switzerland's leading corporate finance advisory firms. The transac-tion is subject to the approval by the Bank of Italy.

Read more…

Sale of Swiss-Photonics AG by BAE Systems

January 2011. Press Releases by Bär & Karrer (view listing).

BAE Systems has sold its Swiss-Photonics AG group to Forensic Technology WAI Inc. for a cash consideration of approximately US$10.9 million, including cash held in the disposed business. The Swiss-Photonics group's Heerbrugg, Switzerland-based business generated sales in 2009 of $8.3 million and employs 36 people in the manufacture of forensic science products including optical components for inspection systems.

Read more…

Renova Restructuring and Refinancing

January 2011. Press Releases by Bär & Karrer (view listing).

On 22 December 2010, Renova Group successfully closed a refinancing transaction by which it restructured and refinanced certain of its holdings and debts in an aggregate amount of CHF 2 billion.

Read more…

Johnson & Johnson Launches Recommended Public Offer to Acquire Crucell

January 2011. Press Releases by Bär & Karrer (view listing).

13 December 2010 - Johnson & Johnson and Crucell N.V.(Crucell) announced that Johnson & Johnson, through its newly formed indirect wholly owned subsidiary, JJC Acquisition Company B.V., is making a recommended cash offer for all of the issued and outstanding ordinary shares (Ordinary Shares) in the capital of Crucell, including all Ordinary Shares represented by American depositary shares (ADSs), each ADS representing one Ordinary Share at an offer price of €24.75 per Share (the Offer). Crucell has a secondary listing on the SIX Swiss Exchange.

Read more…

24 December 2010 – Renova Restructuring and Refinancing

January 2011. Press Releases by Bär & Karrer (view listing).

On 22 December 2010, Renova Group successfully closed a refinancing transaction by which it restructured and refinanced certain of its holdings and debts in an aggregate amount of CHF 2 billion.

Read more…

Johnson & Johnson Launches Recommended Public Offer to Acquire Crucell

December 2010. Press Releases by Bär & Karrer (view listing).

Johnson & Johnson and Crucell N.V.(Crucell) announced that Johnson & Johnson, through its newly formed indirect wholly owned subsidiary, JJC Acquisition Com-pany B.V., is making a recommended cash offer for all of the issued and out-standing ordinary shares (Ordinary Shares) in the capital of Crucell, including all Ordinary Shares represented by American depositary shares (ADSs), each ADS representing one Ordinary Share at an offer price of €24.75 per Share (the Of-fer). Crucell has a secondary listing on the SIX Swiss Exchange.

Read more…

Board of Directors of Novartis approves merger agreement with Alcon

December 2010. Press Releases by Bär & Karrer (view listing).

The Board of Directors of Novartis approved today the merger agreement with Alcon for a consideration totaling USD 12.9 billion. The 23% public Alcon shareholders (Novartis already holds 77% of Alcon of this NYSE-listed Swiss company) will receive on completion of the merger for each Alcon share up to 2.8 Novartis shares and a cash-settled put option. The pricing mechanism is defined in a way to assure that Alcon shareholders receive a value of USD 168 per Alcon share.

Read more…

3M (Schweiz) AG launches a Public Tender Offer

December 2010. Press Releases by Bär & Karrer (view listing).

6 December 2010 – 3M (Schweiz) AG launches a Public Tender Offer for all publicly held shares in Winterthur Technologie AG

Read more…

Shareholders meeting of Aryzta in Toronto, Canada

December 2010. Press Releases by Bär & Karrer (view listing).

As a novelty for Swiss SIX-listed companies, Aryzta held its annual shareholder meeting abroad, in Canada.

Read more…

Peach Property Group AG successfully completes Initial Public Offering

November 2010. Press Releases by Bär & Karrer (view listing).

Peach Property Group AG ("Peach") was listed on the SIX Swiss Exchange according to the Main Standard on 12 November 2010. Peach specialises in developing luxury and ultra luxury urban and holiday homes as well as commercially used real estate properties in the German-speaking part of Europe.

Read more…

Peach Property Group AG successfully completes

November 2010. Press Releases by Bär & Karrer (view listing).

Peach Property Group AG ("Peach") was listed on the SIX Swiss Exchange according to the Main Standard on 12 November 2010. Peach specialises in developing luxury and ultra luxury urban and holiday homes as well as commercially used real estate properties in the German-speaking part of Europe.

Read more…

Acquisition of PregLem Holding by Gedeon Richter

October 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer advised Gedeon Richter Plc in the acquisition of PregLem Holding SA, a privately held Swiss biopharmaceutical company focused on the treatment of gynaecological conditions and infertility. Richter is a leading multinational pharmaceutical company headquartered in Budapest, Hungary. The acquisition has completed and Richter now owns 100% of PregLem’s equity. The acquisition values PregLem at up to CHF445 million.

Read more…

Acquisition of PregLem Holding by Gedeon Richter

October 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer advised Gedeon Richter Plc in the acquisition of PregLem Holding SA, a privately held Swiss biopharmaceutical company focused on the treatment of gynaecological conditions and infertility.

Read more…

5 October 2010 - Bär & Karrer Strengthens its Tax Department

October 2010. Press Releases by Bär & Karrer (view listing).

The Swiss law firm Bär & Karrer strengthens its tax department by recruiting three (highly) qualified tax specialists. 

Read more…

Orascom Development Holding AG successfully completes rights offering

October 2010. Press Releases by Bär & Karrer (view listing).

On 4 October 2010, Orascom Development Holding AG (“Orascom”), a leading developer of fully integrated towns, completed a CHF 185 million capital increase by way of a rights offering to its shareholders and holders of Egyptian Depositary Receipts. The net proceeds of the offering will be used to fund Orascom’s devel-opment projects and for general corporate purposes. The syndicate of banks comprised Credit Suisse, Deutsche Bank and UBS Investment Bank acting as Joint Lead Managers and Joint Bookrunners. 

Read more…

Orascom Development Holding AG successfully completes rights offering

October 2010. Press Releases by Bär & Karrer (view listing).

On 4 October 2010, Orascom Development Holding AG (“Orascom”), a leading developer of fully integrated towns, completed a CHF 185 million capital increase by way of a rights offering to its shareholders and holders of Egyptian Depositary Receipts.

Read more…

Bär & Karrer elected Swiss Law Firm of the Year by The Lawyer

October 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer won the award "Swiss Law Firm of the Year" in The Lawyer's annual European Awards ceremony. Held in Berlin, the event saw the top firms from each of Europe's main markets rewarded for their excellence over the last 12 months. 

Read more…

Sale of Sulzer's Real Estate Portfolio to Implenia

September 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer has advised Sulzer on the sale of its operationally non-essential real estate portfolio and development unit to Implenia.

Read more…

31 August 2010 – Sale of Sulzer's Real Estate Portfolio to Implenia

September 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer has advised Sulzer on the sale of its operationally non-essential real estate portfolio and development unit to Implenia.

Read more…

30 August 2010 - Bär & Karrer breaks new ground with the training of its employees

August 2010. Press Releases by Bär & Karrer (view listing).

The Swiss law firm Bär & Karrer AG is significantly expanding the training pro-gram for its employees. In cooperation with the St. Gallen University (HSG), the Bär & Karrer College (BKC) was established. It will start running in Fall 2010. In the training program, associates attend lectures and seminars which aim at a strongly practically oriented in-depth development of existing professional know-ledge. In addition to legal topics the BKC will be offering courses in business ad-ministration, economics and other areas.

Read more…

25 August 2010 – Novartis AG completes acquisition of 52% stake in Alcon Inc. for USD 28.3 billion

August 2010. Press Releases by Bär & Karrer (view listing).

On 25 August 2010, Novartis AG has completed the purchase of 52 percent of the shares in Alcon Inc. from Nestlé SA for a consideration of USD 28.3 billion, exercising its call option provided for in the agreement, concluded between Novartis AG and Nestlé in April 2008. With the acquisition of the additional stake, Novartis AG now holds a total of 77 percent of the shares in Alcon Inc. Bär & Karrer acted as Swiss legal adviser to Novartis AG. The team included Rolf Watter, Charlotte Wieser, Urs Kägi and Georg Frey (all M&A/corporate). Allen & Overy New York advised Novartis AG as to US and international competition law.

Read more…

KKR completes successfully its acquisition of a minority stake in the Wild Group

August 2010. Press Releases by Bär & Karrer (view listing).

Kohlberg Kravis Roberts & Co. Ltd. ("KKR") has completed its acquisition of a minority stake in the newly founded Swiss holding company of the Wild Group, with Dr. Hans-Peter Wild still holding the remaining stake. Domiciled in Zug, Switzerland, the new holding company holds interests inter alia in Rudolf Wild GmbH & Co. KG, Eppelheim, Germany, WILD Affiliated Holdings Inc., Erlanger, Kentucky (USA) and the Swiss assets previously owned by Dr. Wild. The Wild Group is one of the world's leading producers of natural ingredients to the food and beverage industry.

Read more…

Client Seminar: Konfliktfragen zwischen Ad hoc-Publizität und weiteren Publikationspflichten

August 2010. Press Releases by Bär & Karrer (view listing).

The upcoming Bär & Karrer breakfast meeting deals with practical aspects of Ad Hoc Publicity and its relationship to other disclosure obligations foreseen in the Listing Rules ("Konfliktfragen zwischen Ad hoc-Publizität und weiteren Publikationspflichten"). It will be held by Urs Brügger and Dieter Dubs on 9th and 15th September 2010, at 8 am, at our offices at Brandschenkestrasse 90, Zurich.

Read more…

4th Intensive Seminar Mergers & Acquisitions for Practitioners (21-22 September 2010)

August 2010. Press Releases by Bär & Karrer (view listing).

Christoph Neeracher, partner at Bär & Karrer, again chairs the 4th Intensive Seminar on Mergers & Acquisitions for Practitioners which will be held on 21-22 September 2010 in Lucerne under the patronage of the University of St. Gallen. Following a well-established concept, the seminar will focus on legal, tax and financial matters regarding M&A. Emphasis will be placed on exemplifications in workgroups, which will be complemented by presentations and panel discussions. The seminar is primarily aimed at CEOs, CFOs and COOs as well as in-house legal advisers, auditors, lawyers and other persons regularly engaged in M&A-transactions.

Read more…

KKR completes successfully its acquisition of a minority stake in the Wild Group

August 2010. Press Releases by Bär & Karrer (view listing).

Kohlberg Kravis Roberts & Co. Ltd. (“KKR”) has completed its acquisition of a minority stake in the newly founded Swiss holding company of the Wild Group, with Dr. Hans-Peter Wild still holding the remaining stake. Domiciled in Zug, Switzerland, the new holding company holds interests inter alia in Rudolf Wild GmbH & Co. KG, Eppelheim, Germany, WILD Affiliated Holdings Inc., Erlanger, Kentucky (USA) and the Swiss assets previously owned by Dr. Wild.

Read more…

KRR completes successfully its acquisition of a minority stake in the Wild Group

August 2010. Press Releases by Bär & Karrer (view listing).

Kohlberg Kravis Roberts & Co. Ltd. (“KKR”) has completed its acquisition of a minority stake in the newly founded Swiss holding company of the Wild Group, with Dr. Hans-Peter Wild still holding the remaining stake. Domiciled in Zug, Switzerland, the new holding company holds interests inter alia in Rudolf Wild GmbH & Co. KG, Eppelheim, Germany, WILD Affiliated Holdings Inc., Erlanger, Kentucky (USA) and the Swiss assets previously owned by Dr. Wild. The Wild Group is one of the world's leading producers of natural ingredients to the food and beverage industry.

Read more…

UniCredit S.p.A. sells UniCredit (Suisse) Bank SA in a management buy-out

July 2010. Press Releases by Bär & Karrer (view listing).

UniCredit S.p.A., Torino, and the management of UniCredit Private Banking S.p.A., Lugano, have signed an agreement concerning the sale of the entire shareholding in UniCredit (Suisse) Bank SA to the management for a considera-tion of CHF57.5 million. The deal was financed by the Banca dello Stato del Can-ton Ticino.

Read more…

Cobra Service Network SA closes CHF 121.9 million capital increase

July 2010. Press Releases by Bär & Karrer (view listing).

Cobra Service Network SA, Lugano, successfully completed an increase of capital of the company by the shareholders Cobra Automotive Technologies SpA and Tracker Investment Holdings (Pty) Limited.

Read more…

Tecan sells sample management business to NEXUS Biosystems

July 2010. Press Releases by Bär & Karrer (view listing).

Tecan Group and NEXUS Biosystems, Inc. have signed an agreement concerning the sale of REMP AG, a wholly-owned subsidiary of Tecan, as well as other related assets. Under this agreement, NEXUS will acquire all activities of Tecan's Sample Management business segment.

Read more…

ARYZTA AG purchased Fresh Start Bakeries

July 2010. Press Releases by Bär & Karrer (view listing).

ARYZTA AG purchased Fresh Start Bakeries, partially financed through a placement of shares worth USD 140 million.

Read more…

Habas Swiss Investments AG sells Commercial Real

July 2010. Press Releases by Bär & Karrer (view listing).

On 1 July 2010, Habas Swiss Investments AG sold a commercial real estate property with office and retail spaces of 7'000m2 to a Swiss institutional investor for more than CHF 50 mio. Habas Swiss Investments AG belongs to Habas Group, a leading real estate company, listed in Tel Aviv, Israel

Read more…

Bär & Karrer's dispute resolution team wins the Corporate Intl Global Awards 2010

June 2010. Press Releases by Bär & Karrer (view listing).

We are pleased to announce that Bär & Karrer's Litigation and Arbitration Department has been chosen as the winner of the Corporate Intl Magazine practice award as:

Read more…

Swiss Prime Site Group sells Jelmoli Bonus Card Ltd.

June 2010. Press Releases by Bär & Karrer (view listing).

On 28 May 2010, the Swiss Prime Site group sold its 72.5% stake in the credit card company Jelmoli Bonus Card Ltd. to the Valartis group, which previously owned a 27.5% stake in Jelmoli Bonus Card Ltd. Jelmoli Bonus Card Ltd. was part of the Jelmoli group, which has been acquired by Swiss Prime Site AG last year.

Read more…

Petroplus Holdings Ltd places new shares in the amount of approximately CHF 151 million

May 2010. Press Releases by Bär & Karrer (view listing).

On 5 May 2010, Petroplus Holdings Ltd successfully placed 8,650,000 new shares in the amount of approximately CHF 151 million. The shares had been underwritten by a syndicate of banks, comprising Morgan Stanley, Credit Suisse (as Joint Global Co-ordinators and Joint Bookrunners) as well as BNP Paribas, Deutsche Bank, ING, Nomura International, Société Générale and UBS Investment Bank (Co-Bookrunners).

Read more…

Orior AG successfully completes Initial Public Offering

May 2010. Press Releases by Bär & Karrer (view listing).

In Switzerland's first initial public offering (IPO) since May 2008, Orior AG ("Orior" or the "Company") was listed on the SIX Swiss Exchange on 22 April 2010 and on 5 May 2010 the Company was informed that the Over-Allotment Option has been exercised in full. The Company is a broadly anchored Swiss fresh food company and leader in meat processing and the distribution of convenience foods, including vegetarian delicacies.

Read more…

Cytos Biotechnology Ltd sells platform technology for the identification of monoclonal antibodies

May 2010. Press Releases by Bär & Karrer (view listing).

Cytos Biotechnology Ltd, a public Swiss biotechnology company specializing in the discovery, development and commercialization of Immunodrugs, announced the sale of its platform technology for the identification of monoclonal antibodies to Intercell AG. The technology is based on expression cloning of monoclonal antibodies from human B-cells and enables the identification of anti-infective antibodies to prevent and treat infectious diseases.

Read more…

Herkules Private Equity Fund III acquires Odlo Sports Group AG

May 2010. Press Releases by Bär & Karrer (view listing).

Herkules Private Equity Fund III has signed an agreement to acquire 100% of the shares of Odlo Sports Group AG. Closing of the transaction is expected to take place in June 2010. Odlo was founded in 1946 and is a Swiss based designer, manufacturer and distributor of functional sports clothing. Herkules consists of three funds, with a total capital base of CHF 2,3 billion in committed capital from Norwegian and international investors.

Read more…

Markus Schott appointed senior lecturer (Privatdozent) at the University of Zurich

April 2010. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that associate Markus Schott has been appointed senior lecturer (Privatdozent) of public law and european law at the University of Zurich.

Read more…

Remo Stoffel acquires Bauengineering and Swissbuilding

April 2010. Press Releases by Bär & Karrer (view listing).

XO Holding AG which is held by the real estate entrepreneur Remo Stoffel announced the acquisition of the general contractor company Bauengineering and the project development firm Swissbuilding in St. Gall from its previous owner Peter Mettler. By acquiring these firms Remo Stoffel will form an integral real estate group in Switzerland comprising the newly acquired firms, as well as Avireal AG and Winsto AG. The group will be active in general contracting and total contracting, facility management and investments in real estate.

Read more…

Intertek Group plc acquires Ciba Expert Services from BASF SE

April 2010. Press Releases by Bär & Karrer (view listing).

Intertek Group plc has acquired a business unit of CIBA AG, Ciba Expert Services, and the companies Cantox Health Sciences Inc. and Cantox U.S. Inc. from BASF SE by way of a share and asset deal. Intertek Group plc offers a wide range of quality and safety services and employs more than 25'000 people in 1'000 locations in over 100 countries. Through this transaction, Intertek Group plc is strengthening its position in the mentioned sectors.

Read more…

Oji Paper sells Ilford Imaging

April 2010. Press Releases by Bär & Karrer (view listing).

The Japanese paper group Oji Paper announced the sale of the global imaging manufacturer, Ilford Imaging Switzerland GmbH, to the British financial investor Paradigm Global Partners. Recognising the assets that llford has to offer, including its capability for developing leading edge technology, its state of the art manufacturing facility and its world-renowned brand, Paradigm believes there is scope for significant future growth and value creation.

Read more…

OC Oerlikon Restructuring

April 2010. Press Releases by Bär & Karrer (view listing).

In Switzerland's most prominent restructuring deal, OC Oerlikon Corporation announced on 1 April 2010 that it has reached agreement with its largest shareholder Renova (holding a 45% equity stake) and the lenders of the CHF 2.5 billion syndicated loan facilities on a comprehensive financial restructuring of Oerlikon. The agreed restructuring package, which includes a CHF 1000 million rights offering, will be implemented in the first half of 2010. Renova has agreed to inject CHF 450m in the share capital increase, while the group's lenders will waive some of the debt, enter into a new facility agreement, and swap debt for equity as part of the restructuring plan.

Read more…

Deutsche Telekom AG acquires ClickandBuy

April 2010. Press Releases by Bär & Karrer (view listing).

The internet payment service provider ClickandBuy, one of the leading payment services in the internet, has become a wholly-owned subsidiary of Deutsche Telekom AG. Deutsche Telekom held, via its venture capital arm, a minority participation in ClickandBuy since 2006. Deutsche Telekom AG has now acquired all outstanding shares in the internet payment service provider ClickandBuy. The share purchase agreement was signed on 23 March 2010 and the transaction was closed on 1 April 2010.

Read more…

Dufry South America Ltd. merges with Dufry AG

April 2010. Press Releases by Bär & Karrer (view listing).

Dufry South America Ltd., a Bermudan company listed on the Luxembourg Stock Exchange and on Bolsa de Valores, Mercadorias & Futuros de São Paulo (BM&FBOVESPA) and majority-owned by Dufry AG, listed on the SIX Swiss Exchange, merged and amalgamated with and into Dufry Holdings & Investments AG, a wholly-owned Swiss subsidiary of Dufry AG, in a cross-border triangular merger under Swiss and Bermudan law. As a merger consideration, the former minority shareholders of Dufry South America Ltd. have received shares of Dufry AG. The deal value amounts to approximately CHF 795 million.

Read more…

Swiss Prime Site closes CHF 300 Million 1.875% Convertible Bond Issue

February 2010. Press Releases by Bär & Karrer (view listing).

Swiss Prime Site AG (the "Issuer") successfully raised financing through a placement of CHF 300 Million 1.875% Convertible Bonds (the "Bonds"), convertible into shares of the Issuer. The Bonds were priced with a coupon of 1.875% and a conversion premium of 22.5% to the volume weighted average price on the day of launch. Credit Suisse and UBS Investment Bank acted as joint bookrunners in this transaction (the "Joint Bookrunners"). The Joint Bookrunners have exercised their overallotment option in full, increasing the total issue size of the Bonds to CHF 300 Million.

Read more…

Bär & Karrer's dispute resolution team wins the Corporate Intl Magazine practice award

January 2010. Press Releases by Bär & Karrer (view listing).

We are pleased to announce that Bär & Karrer's Litigation and Arbitration Department has been chosen as the winner of the Corporate Intl Magazine practice award as:

Read more…

Bär & Karrer: winner of the Corporate Intl Magazine practice award

December 2009. Press Releases by Bär & Karrer (view listing).

Bär & Karrer's Litigation and Arbitration Department has been chosen as the winner of the Corporate Intl Magazine practice award .

Read more…

Adecco Group closes issuance of CHF 900 million mandatory convertible bonds

December 2009. Press Releases by Bär & Karrer (view listing).

The CHF 900 million 6.5 per cent mandatory convertible bonds due 2012 (the "Bonds") were issued by Adecco Investment (Bermuda) Ltd., a wholly-owned subsidiary of Adecco SA, and will represent senior secured limited recourse obligations of the Issuer. At maturity, the Bonds will be mandatorily convertible into fully paid ordinary shares of Adecco SA. Credit Suisse and Deutsche Bank acted as Joint Lead Managers in the issue and placement of the Bonds.

Read more…

Structuring of a single investor fund in Luxembourg with assets of over CHF 1 billion

December 2009. Press Releases by Bär & Karrer (view listing).

Bär and Karrer has assisted the holding company of a Swiss family office to establish a single investor fund in Luxembourg to manage more than CHF 1 billion of its financial assets. The investment management has been delegated to a Swiss private bank which has in turn entrusted seven different banks with the management of portions of the assets according to the fund's investment guidelines.

Read more…

Public Securities Offerings in Switzerland by Non-Swiss Issuers

November 2009. Press Releases by Bär & Karrer (view listing).

Leading Swiss law firms and leading Swiss banks agree on a joint position in respect of the applicability of Swiss prospectus requirements for crossborder equity securities offerings by non-Swiss issuers into Switzerland. This position paper was developed with the participation of Bär & Karrer and provides foreign issuers of shares and their banks with a harmonized view on certain so far controversially debated issues.

Read more…

Acino acquires Iclaprim business from Arpida

November 2009. Press Releases by Bär & Karrer (view listing).

Acino Holding Ltd. acquires from Arpida Ltd., a pharmaceutical company domiciled in Reinach, all assets, data and intellectual property rights pertaining to the antibiotic Iclaprim. The Acino Group specializes in the development, registration and manufacture of generic and innovative pharmaceuticals and is headquartered in Basel. Acino Holding Ltd. is listed on the SIX Swiss Exchange. The transaction is subject to approval by Arpida shareholders at the extraordinary general meeting on 26 November 2009.

Read more…

USI Group Holdings AG completes Rights Offering and Private Placement

November 2009. Press Releases by Bär & Karrer (view listing).

On 28 October 2009, USI Group Holdings AG completed a rights offering and private placement of newly issued registered shares. This transaction was preceded by an offer to the shareholders to reinvest the amounts paid out in the course of a reduction of the nominal value of the shares. USI Group Holdings AG is a specialist real estate investment and financing company listed on the SIX Swiss Exchange focusing on leases of real estate to tenants whose cash flow is primarily generated, directly or indirectly, from government sources.

Read more…

The Association of Foreign Banks in Switzerland completes its cross-border banking project

November 2009. Press Releases by Bär & Karrer (view listing).

The Association of Foreign Banks in Switzerland has completed its cross-border banking project related to several selected jurisdictions of peculiar importance to its members. The purpose of the project was to create guidelines for permissible and non-permissible cross-border banking activities of Swiss banks in the jurisdictions examined. The key findings and results of the project have been presented at two roundtable discussions held at the offices of Bär & Karrer in Geneva and Zurich.

Read more…

Bär & Karrer elects new partner

October 2009. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that Thomas Rohde has been elected as partner of the firm as of 1 January 2010. With this election, we strengthen our Zurich office as well as our restructuring and insolvency capabilities.

Read more…

Saverio Lembo appointed as President of AIJA

October 2009. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that partner Saverio Lembo, Head of the Litigation and Arbitration team of the Geneva office, has been appointed President of the Association Internationale des Jeunes Avocats (AIJA).

Read more…

23 September 2009 - Petroplus Holdings AG

October 2009. Press Releases by Bär & Karrer (view listing).

Petroplus Holdings AG issues USD 400 million 9.375% Senior Notes due 2019, USD 150 million 4.00% Convertible Bonds due 2015 and 17'265'058 registered shares with a nominal value of CHF 7.58 each at a subscription price of CHF 16.90

 

Read more…

Rashid Bahar appointed associate professor at the University of Geneva

September 2009. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that associate Rashid Bahar has been appointed associate professor of commercial law at the University of Geneva. Rashid Bahar will continue to advise the clients of Bär & Karrer in banking, finance and capital markets.

Read more…

Swiss Confederation sells UBS stake

September 2009. Press Releases by Bär & Karrer (view listing).

The Swiss Confederation announced that Credit Suisse, Morgan Stanley and UBS have placed its UBS stake with institutional investors at a price of CHF 16.50 per UBS share. The total gross proceeds for the 332,2 million UBS shares sold by the Swiss Confederation amount to approximately 5.5 Billion CHF.

Read more…

Mobimo to acquire LO Holding

August 2009. Press Releases by Bär & Karrer (view listing).

Mobimo Holding AG today published the details of its exchange offer for all publicly held shares of LO Holding Lausanne-Ouchy S.A. Mobimo also disclosed that it acquired a stake of approximately 22% in LO Holding from JBF Finance SA.

Read more…

Swiss Prime Site to acquire Jelmoli Holding

August 2009. Press Releases by Bär & Karrer (view listing).

Swiss Prime Site today published the details of its exchange offer for all publicly held shares of Jelmoli Holding AG. Swiss Prime Site also disclosed that the acquisition of a stake of approximately 30% in Jelmoli Holding AG from Pelham Investments AG has been closed.

Read more…

Clariant places a CHF 300 million Convertible Bonds issue

July 2009. Press Releases by Bär & Karrer (view listing).

On 2 July 2009, Clariant AG successfully placed a CHF 300 million convertible bonds issue. The placement was led by BNP Paribas, Citigroup, Commerzbank and UBS Investment Bank as Joint Bookrunners and Lead Managers.

Read more…

Tyco Electronics moves to Switzerland

July 2009. Press Releases by Bär & Karrer (view listing).

On 1 July 2009 it was officially announced in Switzerland that Tyco Electronics Ltd. has moved its place of incorporation from Bermuda to the canton of Schaffhausen in Switzerland and resolved a distribution to its shareholders in the form of a capital reduction. Tyco Electronics Ltd. is now a Swiss company that continues to be listed on the New York Stock Exchange.

Read more…

Givaudan successfully completes rights offering

July 2009. Press Releases by Bär & Karrer (view listing).

On 24 June 2009, Givaudan SA successfully completed a CHF 420 million rights offering. The shares had been underwritten by a syndicate of banks, including Nomura International plc and UBS Investment Bank as Joint Lead Managers and Joint Bookrunners.

Read more…

Intensiv-Seminar Mergers & Acquisitions für Praktiker (22-23 September 2009)

June 2009. Press Releases by Bär & Karrer (view listing).

Christoph Neeracher, partner at Bär & Karrer, is chairing the third seminar on Mergers & Acquisitions for practitioners which will be held on 22-23 September 2009 in Lucerne under the patronage of the University of St. Gallen. The seminar will focus on legal, tax and financial matters regarding distressed mergers & acquisitions. The seminar is primarily aimed at CEOs, CFOs and COOs as well as in-house legal advisers, auditors, lawyers and other persons regularly engaged in M&A-transactions.

Read more…

The investment company Serdac successfully uses the new minority rights in a public takeover

May 2009. Press Releases by Bär & Karrer (view listing).

In the first proceeding since minority shareholders have standing in administrative proceedings on takeovers, Serdac, as well as Amber Master Fund (Cayman) SCP ("Amber"), opposed a ruling on a mandatory bid for all the shares of Harwanne Compagnie de participations financières et industrielles SA ("Harwanne") by MMA Vie SA ("MMA"), claiming that the bid of CHF 2.60 per share did not comply with the minimum price rules.

Read more…

AFG Arbonia-Forster-Holding AG closes rights offering in the amount of CHF 113.4 million

May 2009. Press Releases by Bär & Karrer (view listing).

On 6 May 2009, AFG Arbonia-Forster-Holding AG successfully completed a CHF 113.4 million rights offering. The shares had been underwritten by a syndicate of banks, comprising Credit Suisse and UBS Investment Bank as Joint Lead Managers and Joint Bookrunners, as well as Bank Sal. Oppenheim jr. & Cie. (Schweiz) AG, Zürcher Kantonalbank and Bank Vontobel AG as Co-Lead Managers.

Read more…

Consolidation of Swiss Share Trading on SIX Swiss Exchange Completed

May 2009. Press Releases by Bär & Karrer (view listing).

Effective 4 May 2009, SIX Group has completed the concentration of Swiss share trading in Zurich. Shares of Swiss blue chip companies (i.e. shares included in the Swiss Market Index and Swiss Leader Index) previously traded on SWX Europe in London, are now traded in the new Swiss Blue Chip Segment of SIX Swiss Exchange. Trading in the Swiss Blue Chip Segment is subject to transitional rules. Further harmonised and updated rules for SIX Swiss Exchange fully integrating the transitional rules for the Swiss Blue Chip Segment are expected in early 2010.

Read more…

Aquamit B.V. launches a Public Tender Offer for all publicly held shares in Quadrant AG

May 2009. Press Releases by Bär & Karrer (view listing).

On 4 May 2009 Aquamit B.V., Amsterdam, NL, a newly formed 50:50 joint venture held by a group of managers and board members of Quadrant AG ("Quadrant's management") on the one hand and Mitsubishi Plastics Inc., Tokyo, Japan, on the other hand, has pre-announced a public tender offer for all publicly held shares in Quadrant AG. Quadrant AG is a leading global manufacturer of high-performance thermoplastic materials and is listed at SIX Swiss Exchange. The offer prospectus for the public tender offer is expected to be published on 20 May 2009.

Read more…

Zurich Financial Services closes placement of shares

May 2009. Press Releases by Bär & Karrer (view listing).

Zurich Financial Services AG ("ZFS") closed the placement of 6'714'096 shares with institutional investors via an accelerated bookbuilding to raise CHF 1.26 billion for the purpose of acquiring, through ZFS' US subsidiary Farmers Group, Inc., American International Group, Inc.'s US Per-sonal Auto Group. The shares being placed represent 4.7 percent of ZFS' registered share capital prior to the placement. The shares were fully underwritten by a syndicate of banks, comprising of Citigroup Global Markets Limited, Credit Suisse and Deutsche Bank AG, London Branch ("Joint Bookrunners").

Read more…

Aabar Investments closes deal to acquire AIG Private Bank

May 2009. Press Releases by Bär & Karrer (view listing).

Aabar Investment PJSC ("Aabar"), a global investment company listed on the Abu Dhabi Securities Exchange, successfully closed the acquisition of AIG Private Bank Ltd., a globally networked Swiss private bank for high net worth individuals, from American International Group, Inc. ("AIG"). Closing occurred further to the signing of the transaction documents on 30 November 2008 and the satisfaction of a number of conditions, including approval by the competent regulatory authorities, in particular the Swiss Financial Market Supervisory Authority (FINMA).

Read more…

Swiss Re issues convertible instrument to subsidiary of Berkshire Hathaway

May 2009. Press Releases by Bär & Karrer (view listing).

Swiss Re issued a 12% Convertible Perpetual Capital Instrument (the "Instrument") to a subsidiary of Berkshire Hathaway Inc. in the face amount of CHF 3 billion earlier this month. The shareholders of Swiss Re had previously approved conditional capital to source the underlying Swiss Re shares for the Instrument in Swiss Re's ordinary shareholder meeting

Read more…

Marketing & Protection of Event

April 2009. Press Releases by Bär & Karrer (view listing).

Seminar held on 19 March 2009 by the IP & TMT group of Pestalozzi in cooperation with Addleshaw Goddard LLP

Read more…

Aabar Investments closes deal to acquire AIG Private Bank

April 2009. Press Releases by Bär & Karrer (view listing).

Aabar Investment PJSC ("Aabar"), a global investment company listed on the Abu Dhabi Securities Exchange, successfully closed the acquisition of AIG Private Bank Ltd., a globally networked Swiss private bank for high net worth individuals, from American International Group, Inc. ("AIG"). Closing occurred further to the signing of the transaction documents on 30 November 2008 and the satisfaction of a number of conditions, including approval by the competent regulatory authorities, in particular the Swiss Financial Market Supervisory Authority (FINMA).

Read more…

Xstrata successfully closes two for one rights issue to raise USD 5.9 billion

April 2009. Press Releases by Bär & Karrer (view listing).

Swiss Re issued a 12% Convertible Perpetual Capital Instrument (the "Instrument") to a subsidiary of Berkshire Hathaway Inc. in the face amount of CHF 3 billion earlier this month. The shareholders of Swiss Re had previously approved conditional capital to source the underlying Swiss Re shares for the Instrument in Swiss Re's ordinary shareholder meeting.

Read more…

SET Swiss Energy Trading AG

March 2009. Press Releases by Bär & Karrer (view listing).

On 16 March 2009, the German Verbundnetz Gas Aktiengesellschaft (VNG) based in Leipzig and Swissgas, Schweizerische Aktiengesellschaft für Erdgas based in Zurich announced the formation of their joint venture SET Swiss Energy Trading AG. Headquartered in Zurich, the joint venture company seeks to optimize Switzerland's short-term procurement of natural gas while strengthening VNG's natural gas trading business.

Read more…

Foster Wheeler relocates its holding company from Bermuda to Switzerland

February 2009. Press Releases by Bär & Karrer (view listing).

Foster Wheeler, an international group active in the energy & engineering sector, announced today that it has completed its redomestication to change the place of incorporation of its group holding company from Bermuda to Switzerland. Under a Scheme of Arrangement according to the Bermudan Companies Act, all shares of Foster Wheeler Ltd. worth approximately CHF 4.3 billion, were cancelled and shareholders subsequently received shares in Foster Wheeler AG. The shares of Foster Wheeler AG are listed on the NASDAQ Global Select Market in New York.

Read more…

Novartis successfully closes USD 5 Billion Bond issue

February 2009. Press Releases by Bär & Karrer (view listing).

10 February 2009 - Novartis successfully closed a USD 5 Billion Bond issue. The transaction consisted of two tranches: USD 2 billion of a 5-year bond with a coupon of 4.125% issued by the Group's US entity, Novartis Capital Corporation and USD 3 billion of a 10-year bond with a coupon of 5.125% issued by the Group's Bermuda entity, Novartis Securities Investment Ltd., Bermuda. Both tranches are guaranteed by Novartis.

Read more…

Tivona and Jelmoli settle litigation

February 2009. Press Releases by Bär & Karrer (view listing).

T23 January 2009 - he Tivona shareholders and Jelmoli settle their year-long litigation about the transfer of a 55.5% stake in Tivona to Jelmoli. Bär & Karrer represented in the litigation and the settlement negotiations the Tivona shareholders who had exercised in 2003 a contractual put option against Jelmoli to transfer their stake. Litigation started when Jelmoli refused to honour its commitment under this option. In an interim award, the arbitral tribunal the parties called upon, ruled that the put option was validly exercised.

Read more…

Newly established Bank von Roll conducts rights issue

January 2009. Press Releases by Bär & Karrer (view listing).

27 January 2009: Bank von Roll has announced that it has accomplished the establishment of a new Zurich based private bank and that it will conduct a rights issue for the benefit of the shareholders of its former parent company, Von Roll Holding AG. August François von Finck, the major shareholder of the bank, is acting as un-derwriter. The rights issue is subject to sales and transfer restrictions in certain jurisdictions including, among others, the United States of America.

Read more…

23 January 2009

January 2009. Press Releases by Bär & Karrer (view listing).

The Tivona shareholders and Jelmoli settle their year-long litigation about the transfer of a 55.5% stake in Tivona to Jelmoli. Bär & Karrer represented in the litigation and the settlement negotiations the Tivona shareholders who had exercised in 2003 a contractual put option against Jelmoli to transfer their stake.

Read more…

18 December 2008 - Implenia: Federal Administrative Court rules against Laxey

December 2008. Press Releases by Bär & Karrer (view listing).

The Federal Administrative Court has dismissed Laxey's objections to the Federal Banking Commission's rulings of 7 March 2008 and 12 December 2007. The court confirmed in its two decisions, dated 18 December 2008, that Laxey has failed to comply with stock market notification regulations when it invested in Implenia in early 2007, meaning that the shares it purchased were acquired illegally.

Read more…

10 December 2008 YA Global Investments, L.P. enters into an eq-uity funding agreement with Newron

December 2008. Press Releases by Bär & Karrer (view listing).

Newron Pharmaceuticals S.p.A. ("Newron"), a research and development company listed on the main segment of the SIX Swiss Exchange announced on 3 December 2008 that it has entered into an equity funding agreement with YA Global Investments, L.P. ("YA Global"), to support the con-tinued longer term development of Newron's product can-didates.

Read more…

agreement with Newron

December 2008. Press Releases by Bär & Karrer (view listing).

Read more…

Aabar Investments acquires AIG Private Bank

December 2008. Press Releases by Bär & Karrer (view listing).

On 30 November 2008, Aabar Investment PJSC ("Aabar"), a global investment company listed on the Abu Dhabi Securities Exchange, acquired AIG Private Bank Ltd., a globally networked Swiss private bank for high net worth individuals, from its parent company American International Group, Inc. ("AIG").

Read more…

Bär & Karrer wins the "Law Firm of the Year" ACQ Country Award 2008 for Switzerland

November 2008. Press Releases by Bär & Karrer (view listing).

Bär & Karrer has been awarded the "Law Firm of the Year" ACQ Country Award 2008 for Switzerland jointly with Lenz & Staehelin, Tavernier Tschanz, BCCC and BMP Associés.

Read more…

12 November 2008 - Consolidation of Swiss share trading on SIX Swiss Exchange as of mid-2009

November 2008. Press Releases by Bär & Karrer (view listing).

On 11 November 2008, SIX Group announced its decision to concentrate Swiss share trading in Zurich as of mid-2009. Consequently, trading in the shares of the Swiss blue chip companies (i.e. shares included in the Swiss Market Index and Swiss Leader Index), which currently is conducted on SWX Europe in London, will be relocated to SIX Swiss Exchange in Zurich and be subject to a harmonised regulatory environment. This is advantageous for issuers and market participants. Additionally, it enhances the efficiency of the exchange.

Read more…

1 October 2008 - Xstrata purchases Lonmin shares and enters into a three-year $5 billion loan facili

November 2008. Press Releases by Bär & Karrer (view listing).

On 1 October 2008, Xstrata plc announced the acquisition of Lonmin shares for a cash consideration of £440 million and the entry into of a new three-year $5 billion multi-currency revolving loan facility with a group of its relationship banks. The new facility will be used to refinance existing debt and for general corporate purposes. Xstrata is a global diversified mining group, listed on the London and SIX Swiss Stock Exchanges, with its headquarters in Zug, Switzerland.

Read more…

25 September 2008 - Energiedienst Holding AG acquires EnAlpin AG

November 2008. Press Releases by Bär & Karrer (view listing).

On 25 September 2008, Energiedienst Holding AG (EDH), listed in Zurich and in Stuttgart, announced the acquisition of EnAlpin AG based in Visp (EnAlpin) from EnBW Energie Baden-Württemberg AG (EnBW). Through this transaction EDH is strengthening its position in the production of Swiss hydropower. EnBW will transfer as a contribution in kind all EnAlpin shares to EDH in exchange of new EDH shares.

Read more…

Bär & Karrer elects two new partners

October 2008. Press Releases by Bär & Karrer (view listing).

Bär & Karrer is pleased to announce that Peter Hsu and Massimo Vanotti have been elected as partners of the firm as of 1 January 2009.

Read more…

Xstrata purchases Lonmin shares and enters into a three-year $5 billion loan facility

October 2008. Press Releases by Bär & Karrer (view listing).

On 1 October 2008, Xstrata plc announced the acquisition of Lonmin shares for a cash consideration of £440 million and the entry into of a new three-year $5 billion multi-currency revolving loan facility with a group of its relationship banks.

Read more…

Energiedienst Holding AG acquires EnAlpin AG

October 2008. Press Releases by Bär & Karrer (view listing).

On 25 September 2008, Energiedienst Holding AG (EDH), listed in Zurich and in Stuttgart, announced the acquisition of EnAlpin AG based in Visp (EnAlpin) from EnBW Energie Baden-Württemberg AG (EnBW).

Read more…

25 September 2008 - Energiedienst Holding AG acquires EnAlpin AG

September 2008. Press Releases by Bär & Karrer (view listing).

On 25 September 2008, Energiedienst Holding AG (EDH), listed in Zurich and in Stuttgart, announced the acquisition of EnAlpin AG based in Visp (EnAlpin) from EnBW Energie Baden-Württemberg AG (EnBW).

Read more…

6 August 2008 - CAS decides on Players' release issue

September 2008. Press Releases by Bär & Karrer (view listing).

Three European clubs have filed appeals against a decision of FIFA according to which football clubs were obliged to release players under the age of 23 for the Olympic Football Tournament Beijing 2008, on the basis of a long lasting and undisputed practice which had become a customary law for the clubs.

Read more…

31 May 2008 - UPS sold part of its Swiss logistics business to Planzer

September 2008. Press Releases by Bär & Karrer (view listing).

As per 31 May 2008 UPS, the international express carrier, sold its logistics, distribution, equipment and on-site repair business in Switzerland to Polysys AG, a member of the Planzer Transport Group, a leading Swiss logistics provider.

Read more…

19 June 2008 - Accor completes the sale of several hotels to a real estate consortium

September 2008. Press Releases by Bär & Karrer (view listing).

In June 2008, Accor has completed the sale of several of its hotels located in France and Switzerland to a real estate consortium including two funds managed by AXA Real Estate Investment Managers (AXA REIM), this under a sale and lease back agreement and a price consideration of around EUR 466 millions.

Read more…

9 July 2008 - Novartis completes acquisition of 25% stake in Alcon from Nestlé

September 2008. Press Releases by Bär & Karrer (view listing).

On 7 July 2008, Novartis has completed the purchase of approx. 25 percent of Alcon's shares from Nestlé for approx. USD 10.4 billion in cash.

Read more…

10 July 2008 - Novartis buys additional 51.7% stake in Speedel

September 2008. Press Releases by Bär & Karrer (view listing).

On 9 July 2008, Novartis acquired an additional 51.7% stake in Speedel, a listed Swiss biopharmaceutical company through a series of off-exchange transactions with major Speedel shareholders for approx. CHF 525 million in cash.

Read more…

22 August 2008 - Completion of combination of Hiestand Holding AG and IAWS Group plc under ARYZTA AG

September 2008. Press Releases by Bär & Karrer (view listing).

After the involved companies' extraordinary general meetings had passed affirmative resolutions and the Irish High Court had given its approval, the combination of Hiestand Holding AG and IAWS Group plc under ARYZTA AG was successfully completed on 21 August 2008.

Read more…

4 September 2008 - Sale of Koenig Verbindungstechnik AG consummated

September 2008. Press Releases by Bär & Karrer (view listing).

As per 4 September 2008, the German Klöckner Group, a leading independent European steel and metal distributor, and Capvis Private Equity have closed the sale of Klöckner's Swiss subsidiary König Verbindungstechnik AG to Capvis (deal size > CHF 500 million).

Read more…

1 July 2008 - UBS AG establishes a new Corporate Governance structure

September 2008. Press Releases by Bär & Karrer (view listing).

UBS AG has overhauled its Corporate Governance structure and has enacted new Corporate Governance guidelines which came into force on 1 July 2008.

Read more…

1 July 2008 - Groupe Lactalis acquires Baer AG

September 2008. Press Releases by Bär & Karrer (view listing).

On 1 July 2008, Groupe Lactalis acquired Baer AG, a Swiss soft cheese producer holding well-known brands on the Swiss market.

Read more…

21 May 2008 - Petroplus lists USD 500 million guaranteed convertible bonds

September 2008. Press Releases by Bär & Karrer (view listing).

On 21 May 2008, the 3.375% guaranteed bonds due 2013 in the amount of USD 500 million convertible into shares of Petroplus Holdings AG, the largest independent refiner and wholesaler of petroleum products in Europe, was listed on the main segment of the SWX Swiss Exchange.

Read more…

14 May 2008 - Orascom Development Holding gets listed on SWX

September 2008. Press Releases by Bär & Karrer (view listing).

Orascom Development Holding AG ("OD Holding" or "the Company"), the newly established Swiss top company of the OD Holding Group, a leading resort and town developer primarily active in the Middle East, was listed on the SWX on 14 May 2008 with a simultaneous flotation on the Cairo & Alexandria Stock Exchanges in Egypt.

Read more…

24 April 2008 - UBS shareholders approve fully underwritten rights issue

September 2008. Press Releases by Bär & Karrer (view listing).

The shareholder meeting of UBS AG held on 23 April 2008 has approved a rights issue in the amount of CHF 15 billion as proposed by the board of directors. The rights issue is fully underwritten by a syndicate of banks led by J.P.

Read more…

30 March 2008 - Zurmont Madison Private Equity acquires SMB SA

September 2008. Press Releases by Bär & Karrer (view listing).

In March 2008 Zurmont Madison Private Equity L.P. acquired SMB SA, a leading provider of high-end forgings, for an undisclosed sum. Zurmont Madison Private Equity L.P. was advised by Bär & Karrer AG.

Read more…

29 February 2008 - Standard Chartered Bank acquires American Express Bank Ltd.

September 2008. Press Releases by Bär & Karrer (view listing).

Bär & Karrer AG advised Standard Chartered Bank on Swiss regulatory and corporate law matters in connection with its acquisition of American Express Bank Ltd. from American Express Company for approximately USD 860 million.

Read more…

14 February 2008 - HBM BioVentures Ltd. gets listed on the SWX Swiss Exchange

September 2008. Press Releases by Bär & Karrer (view listing).

HBM BioVentures Ltd., a leading venture capital company that invests globally in the human medicine, biotechnology and medical technology sectors, has been listed on the SWX Swiss Exchange. UBS Investment Bank acted as Financial Advisor and Listing Agent for HBM BioVentures Ltd.

Read more…

15 January 2008 - SWX Swiss Exchange, SIS and Telekurs merge to SFMS

September 2008. Press Releases by Bär & Karrer (view listing).

In January 2008, SWX Swiss Exchange, SIS and Telekurs completed their merger which brought the business activities of all three companies under the roof of a new holding company, Swiss Financial Market Services; as part of the transaction, the non-profit association holding so far the shares of SWX Swiss Exchange was dissolved.

Read more…

HBM BioVentures Ltd. gets listed on the SWX Swiss Exchange

September 2008. Press Releases by Bär & Karrer (view listing).

14 February 2008 - HBM BioVentures Ltd., a leading venture capital company that invests globally in the human medicine, biotechnology and medical technology sectors, has been listed on the SWX Swiss Exchange.

Read more…

6 August 2008 - The CAS, Court of Arbitration for Sport, upholds the appeals filed by FC Schalke 04

September 2008. Press Releases by Bär & Karrer (view listing).

6 August 2008 - The CAS, Court of Arbitration for Sport, upholds the appeals filed by FC Schalke 04, SV Werder Bremen and FC Barcelona regarding the release of players for the 2008 Olympic Games Three European clubs have filed appeals against a decision of FIFA according to which football clubs were obliged to release players under the age of 23 for the Olympic Football Tournament Beijing 2008, on the basis of a long lasting and undisputed practice which had become a customary law for the clubs.

Read more…

22 August 2008 - Trading for ARYZTA shares on the SWX Swiss Exchange and on the Irish Stock Exchange

September 2008. Press Releases by Bär & Karrer (view listing).

After the involved companies' extraordinary general meetings had passed affirmative resolutions and the Irish High Court had given its approval, the combination of Hiestand Holding AG and IAWS Group plc under ARYZTA AG was successfully completed on 21 August 2008. The trading for ARYZTA shares on the SWX Swiss Exchange and on the Irish Stock Exchange in Dublin started on 22 August 2008.

Read more…

4 September 2008 - Sale of Koenig Verbindungstechnik AG consummated

September 2008. Press Releases by Bär & Karrer (view listing).

As per 4 September 2008, the German Klöckner Group, a leading independent European steel and metal distributor, and Capvis Private Equity have closed the sale of Klöckner's Swiss subsidiary König Verbindungstechnik AG to Capvis (deal size > CHF 500 million).

Read more…

Legal Developments by:
Bär & Karrer Ltd.

  • Cowen Acquires Quarton Group

    Cowen Inc., a NASDAQ listed, diversified financial services firm, agreed to acquire the Quarton group, a global financial advisor serving the middle market. Closing is expected in early 2019.
    - Bär & Karrer

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Cowen Acquires Quarton Group

    Cowen Inc., a NASDAQ listed, diversified financial services firm, agreed to acquire the Quarton group, a global financial advisor serving the middle market. Closing is expected in early 2019.
  • Bär & Karrer Advises the Banking Syndicate in the Rights Offering of ARYZTA

    On 19 November 2018, ARYZTA, a global food business with a leadership position in speciality bakery, completed a capital increase by way of a rights offering structured as a volume underwriting in the amount of approximately CHF 900 million. 97.4% of the shareholders of ARYZTA exercised their subscription rights in the rights offering. The new shares not subscribed were placed in the market.
  • Bär & Karrer Advises the Sellers on the Sale of Briner Winterthur

    The owners of Briner AG Winterthur sold the company. Briner is a leading family-owned trading and service company operating in the fields of construction services, steel services, supply systems and building services as well as heating and energy systems.
  • Bär & Karrer Advised GfK on the Sale of Four Divisions

    GfK has sold four global divisions (Customer Experience, Experience Innovation, Health and Public Affairs) to Ipsos. The sale included GfK's respective businesses in 25 countries.
  • Derivatives Trading under FMIA: Reporting Obligations

    On 14 September 2018, the Federal Council extended the transition period for the reporting of derivative transactions by small non-financial counterparties (NFC-) until 1 January 2024 under the Financial Market Infrastructure Act (FMIA). The amendment to the Financial Market...
  • Swiss Tax Reform Package Approved: Update and Outlook

    The Swiss National Council approves the proposed tax reform package! On 12 September 2018 the larger chamber of parliament adopted the proposal of the Economic Affairs and Taxation Committee of the Council of States on the Federal Act on Tax Reform and AHV Financing (formerly Tax Proposal 17), which is largely in line with the legislative bill adopted by the Council of States, the smaller chamber of parliament. Although slight differences regarding the capital contribution principle remain to be settled, the majority of member of the National Council sees the adopted text of the bill as a viable compromise.
  • Retrocessions: Criminal Consequences of Non Disclosure

    In a recent decision 6B_689/2016 of 14 August 2018, the Swiss Federal Supreme Court held that the failure to disclose adequately retrocessions may constitute an act of criminal mismanagement. After a short summary of the legal framework governing the disclosure of retrocessions, the present briefing analyses this decision and its practical impact in particular for Swiss financial institutions dealing with external asset managers.
  • Bär & Karrer Advises Waterland on its Investment in Tineo

    Waterland Private Equity invested in Tineo AG after the carve-out from Quickline Holding AG. Tineo is an integrated enterprise solution provider of data centres, glass-fiber connections, high-speed internet and VoIP services with state-of-the-art infrastructure
  • Bär & Karrer Elects Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to Partner

    Bär & Karrer has announced the election of Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to the firm's partnership. The appointment is effective as of 1 January 2019.
  • Bär & Karrer Advises Swiss Prime Site on its Rights Offering

    On 28 September 2018, Swiss Prime Site, the largest publicly listed real estate investment company in Switzerland, completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 320 million. 97,7% of the shareholders of Swiss Prime Site exercised their subscription rights in the rights offering. The remaining new shares not subscribed were placed in the market. The offer price was set at CHF 74.00 per share. Credit Suisse and UBS Investment acted as Joint Global Coordinators, J.P. Morgan and Zürcher Kantonalbank acted as Joint Bookrunners.