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Niederer Kraft & Frey advises on IPO of EFG Financial Products

October 2012

19 October 2012. Niederer Kraft & Frey has advised Zurich-based integrated structured investment service provider EFG Financial Products and global private banking group EFG International (SIX: EFGN) as selling shareholder in connection with the CHF 145 million initial public offering (IPO) and listing on SIX of EFG Financial Products Holding AG.

The transaction, which was the second IPO according to the Main Standard on SIX in Switzerland in 2012, comprised the offering of 1,666,665 new shares and 1,564,185 existing shares held by EFG International, resulting in a market capitalisation of EFG Financial Products of approximately CHF 300 million at the offer price of CHF 45 per share and a reduction of EFG Internationals stake in EFG Financial Products from 58% to approximately 20%. EFG Financial Products stock began trading on SIX under the symbol „FPHN" on 19 October 2012.

The NKF team was led by Philippe Weber and consisted of partners Daniel Bono (capital markets), Thomas Brönnimann (capital markets), Sandro Abegglen (regulatory) and Markus Kronauer (tax), assisted by senior associate Andrea Huber and associates Arie Gerszt and Gian-Andrea Caprez.

Legal Developments by:
Niederer Kraft Frey AG

  • GrenzĂĽberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stärksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende Ausführungen sollen dazu einen Einstieg vermitteln. Sie zeigen, dass die Schweiz im Gegensatz zum Ausland und abgesehen vom Bereich der kollektiven Kapitalanlagen und der Versicherungsprodukte, was die Zulässigkeit von grenzüberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

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