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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 261 50 00
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Fax +41 58 261 50 01
Email:
Web:
www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

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

June 2018

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.

Credit Suisse AG and Joh. Berenberg, Gossler & Co. KG are acting as Joint Global Coordinators and Joint Bookruners, Bank Vontobel AG as Joint Bookrunner.

Bär & Karrer advises the syndicate banks in this transaction. The team includes Thomas U. Reutter, Sandro Fehlmann, Yves Suter, Stefanie Walch and Manuela Cassano (all Capital Markets), Christoph Suter and Cyrill Diefenbacher (both Tax), Jonas Bornhauser (IP) as well as Mani Reinert and Marius Vischer (both Competition).

Legal Developments by:
Bär & Karrer Ltd.

  • Bär & Karrer Advised Colombo Wealth on the Reorganisation of its Structure and Obtaining FINMA's ap

    Colombo Wealth SA (previously Colombo Wealth Management SA, Heron Holding SA and Heron Asset Management SA), a financial service provider in the canton Ticino for institutional and private HNWI clients, is the first FINMA licensed asset manager of collective investment schemes with presence in all three main language areas in Switzerland, with headquarter in Lugano and branches in Zurich and Geneva. After obtaining the relevant authorisations from FINMA, Colombo Wealth (previously Heron Asset Management) successfully completed the mergers with Colombo Wealth Management and Heron Holding.
    - BÄR & KARRER LTD.

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