The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
BAHNHOFSTRASSE 53, 8001 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 800 80 00
Email:
Web:
www.nkf.ch

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

 

2 December 2015: Niederer Kraft & Frey advises EDAG in its IPO

December 2015. Press Releases by Niederer Kraft & Frey (view listing).

On 4 November 2015 EDAG Engineering Group, a leading independent provider of engineering services for the global automotive industry, announced its intention to do an initial public offering (IPO) and admission for trading in the regulated market of the Frankfurt Stock Exchange (Prime Market). On 2 December 2015 trading of EDAG shares on the Frankfurt Stock Exchange started successfully.

Read more…

Niederer Kraft & Frey advises CITTTIC Industries AG in the acquisition of Schaltag Group from Rieter

November 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises the CITTTIC Group, a group of companies specialized in the acquisition and development of European industrial companies, in the acquisition of Schaltag AG (Switzerland) and Schaltag s.r.o. (Czech Republic) from the Rieter Group. As leading company, the Schaltag Group provides comprehensive services in engineering, construction and manufacturing of machine and plant control systems, as well as electromechanical assembly groups. It has a workforce of approx. 250 employees in its two locations. The Parties agreed to keep the purchase price confidential.

Read more…

Niederer Kraft & Frey advised in connection with Evolva Holding SA's rights offering

November 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised Credit Suisse AG, as Lead Manager and Sole Bookrunner, Bank Vontobel AG, as Co-Manager, and Kepler Cheuvreux SA and Mirabaud Securities LLP (collectively, as Selling Agents) in connection with Evolva Holding SA's rights offering that launched on 3 September 2015. Existing shareholders were offered 62,412,477 new shares with a nominal value of CHF 0.20 each at a subscription price of CHF 0.92 per new registered share. The offering was fully underwritten by Credit Suisse AG and Bank Vontobel with gross proceeds of approximately CHF 57.4 million. The offering closed on 17 September 2015.

Read more…

NKF advises Swiss Prime Site in connection with the Launch of the Swiss Prime Investment Foundation

November 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Swiss Prime Site in connection with its successful launch of the Swiss Prime Investment Foundation with a primary issuance of CHF 550 million. Notenstein acted as distribution agent. The proceeds of the offering are invested in a real estate portfolio by the Swiss Prime Investment Foundation. The setting up of the investment foundation comprised a regulatory product approval proceeding before the Occupational Pension Supervisory Commission (OPSC). In addition, NKF advised Swiss Prime Site with respect to obtaining an asset management license regarding real estate asset management for pension funds from OPSC.

Read more…

NKF advices Orange Growth Capital in the Switzerland's largest FinTech start-up financing round

November 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Orange Growth Capital, a FinTech VC based in London and Amsterdam, in connection with Knip AG's (Zurich) recently closed financing round which is with CHF 15 million Switzerland's largest FinTech financing round for a start-up company so far. Knip AG is a mobile-first digital insurance broker enabling its users through an app to easily view and manage their insurance policies on their smartphone.

Read more…

NKF advised BSI to reach a Non-Prosecution Agreement with the U.S. Department of Justice

September 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised BSI to reach a Non-Prosecution Agreement with the U.S. Department of Justice (DOJ) under the DOJ's "Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks", announced on 29 August 2013, which enables participating banks to resolve their liability with the DOJ arising from their legacy U.S. private banking cross-border business. BSI participated in this Program as "Category 2 bank" and is the first bank to reach a resolution under the Program.

Read more…

Niederer Kraft & Frey advised Schroder ImmoPLUS in the acquisition of Mövenpick Hotel in Lausanne

September 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised listed real estate fund Schroder ImmoPLUS in the acquisition of the 4-star Hotel Mövenpick in Lausanne. The investment amounts to more than CHF 74 million.

Read more…

Swiss Prime Site AG completes its rights offering

September 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised UBS AG, the Sole Global Coordinator, and Bank Vontobel AG, Credit Suisse AG and ZĂŒrcher Kantonalbank, the Joint Bookrunners, in connection with Swiss Prime Site AG's recent rights offering that closed on 1 June 2015. Existing shareholders were offered up to 5,970,129 new shares with a nominal value of CHF 15.30 each at a subscription price of CHF 71.00 per new registered share. At the end of the rights exercise period, 98.8% of the offered shares were subscribed for. The remaining 71,109 new shares were sold in the market. The rights offering resulted in gross proceeds of approximately CHF 424 million.

Read more…

Niederer Kraft & Frey advised on the financing of the acquisition of World Duty Free by Dufry

September 2015. Press Releases by Niederer Kraft & Frey (view listing).

On 30 March 2015, Dufry AG (Dufry), a Swiss corporation listed on the SIX Swiss Exchange, announced that it has entered into a binding agreement with Edizione S.r.l. to acquire Edizione's 50.1% stake in Italian based World Duty Free S.p.A. (WDF) for EUR 10.25 per share in cash, implying an enterprise value of WDF of EUR 3.6 billion (CHF 3.8 billion). Following completion of the acquisition of Edizione's stake in WDF, Dufry will launch a mandatory tender offer for the remaining 49.9% of WDF's outstanding shares for EUR 10.25 per share in cash.

Read more…

Sunrise launches Initial Public Offering

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Sunrise announced today the launch of its initial public offering ("IPO") on the SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding process. Trading is expected to commence on 6 February 2015. With an offer size of CHF 1.6 billion, the Sunrise IPO constitutes the largest IPO on the SIX Swiss Exchange since 2006 and the first IPO in the Swiss telecommunications sector since 1998.

Read more…

Niederer Kraft & Frey advised Bridgepoint in connection with the sale of Infront Sports & Media AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey Ltd. (NKF) advised Bridgepoint in connection with the sale of Infront Sports & Media AG to Dalian Wanda Group Co. Ltd. The agreement was signed on 10 February 2015 and is subject to customary conditions.

Read more…

NKF advises on Sunrise's CHF 2.3 billion IPO and IPO-related refinancing transactions

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised Deutsche Bank and UBS as Joint Global Coordinators, the Joint Global Coordinators, Berenberg, and Morgan Stanley as Joint Bookrunners and Vontobel as Co-Lead Manager in connection with the successful Initial Public Offering and listing on the SIX Swiss Exchange of Sunrise, Switzerland's second largest telecom operator.

Read more…

Niederer Kraft & Frey advised Knorr-Bremse AG in the acquisition of Selectron Systems AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised Knorr-Bremse AG, the world’s leading manufacturer of braking systems for rail and commercial vehicles, which is based in Munich and employs more than 24,000 people worldwide, in the acquisition of Selectron Systems AG, Lyss. Through this acquisition, Knorr-Bremse is expanding its portfolio to include components and solutions for the automation of rail vehicles. The acquisition successfully closed on 24 February 2015.

Read more…

Implenia AG completes its offering of CHF 175 million subordinated unsecured convertible bonds

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised UBS AG and Credit Suisse AG, the Joint Bookrunners, and ZĂŒrcher Kantonalbank, the Co-Lead Manager, in connection with Implenia AG's ("Implenia") offering of CHF 175 million subordinated unsecured convertible bonds due 2022 convertible into shares of Implenia. The bonds will be listed on the SIX.

Read more…

Niederer Kraft & Frey advises Mercer in the acquisition of SCM Strategic Capital Management AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised Mercer, a part of the Marsh & McLennan Companies group, in the acquisition of SCM Strategic Capital Management AG (SCM). Completion of the transaction is inter alia subject to regulatory approvals. NKF is supporting the Mercer in-house legal team. Slaughter and May is advising on Hong Kong law and Elvinger, Hoss & Prussen on Luxembourg law matters.

Read more…

NKF advises NJJ Capital SAS in its acquisition of Orange Communications SA, Switzerland

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

On 18 December 2014, Apax and NJJ Capital SAS, Xavier Niel's private holding company, have agreed to sell mobile telecom operator Orange Communications SA 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 complete by the end of Q1 2015.

Read more…

Niederer Kraft & Frey advised Knorr-Bremse AG in the acquisition of Selectron Systems AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised Knorr-Bremse AG, the world’s leading manufacturer of braking systems for rail and commercial vehicles, which is based in Munich and employs more than 24,000 people worldwide, in the acquisition of Selectron Systems AG, Lyss. Through this acquisition, Knorr-Bremse is expanding its portfolio to include components and solutions for the automation of rail vehicles.

Read more…

NKF advises Sherpa Asset Management AG in connection with its successful FINMA authorization

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Sherpa Asset Management AG, providing asset management services to wealthy individuals, foundations, family offices and other institutions, in connection with its successful authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager of collective investment schemes.

Read more…

NKF advises Quantica Capital AG in connection with its successful FINMA authorization

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Quantica Capital AG, an asset management company focused on quantitative investment strategies, in connection with its successful authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager of collective investment schemes. As of today, Niederer Kraft & Frey has a proven track record of – alone under the revised CISA – 10 successful FINMA authorizations of CISA asset managers including, among others, Twelve Capital AG, BWM AG, Parsumo Capital AG, JMA JĂŒrg Maurer Asset Management AG and MainFirst Schweiz AG.

Read more…

Generali agreed to sell BSI SA to BTG Pactual

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Assicurazioni Generali S.p.A. announced the sale of its banking subsidiary BSI SA to Banco BTG Pactual S.A. for CHF 1.5 billion. The transaction is subject to regulatory approvals.

Read more…

NKF advised on the financing of the acquisition of The Nuance Group AG by Dufry AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

On 4 June 2014, Dufry AG ("Dufry"), a Swiss corporation listed on the SIX Swiss Exchange, announced that it had signed an agreement to acquire 100% of The Nuance Group AG ("Nuance"), a global travel retailer based in Zurich, for a consideration of CHF 1.55 billion.

Read more…

Niederer Kraft & Frey advises Citychamp Watch and Jewellery Group Ltd in the issuance of a Bond

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Citychamp Watch and Jewellery Group Ltd (formerly known as China Haidian Holdings Ltd.), a group of companies listed on the Hong Kong Stock Exchange and primarily engaged in design, production and sale of watches and timepieces, which possesses, among others, the renowned global watch brands "Corum", "Eterna" and "Rotary", in the issuance of a Bond. UBS AG acted as listing and principal paying agent in respect of the Bonds Issue.

Read more…

Niederer Kraft & Frey advises Herbert Schneider in the sale of W. Schneider+Co AG

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Herbert Schneider in the sale of W. Schneider+Co AG, a Swiss company with a long tradition, which is the market leader in the field of mirror cabinets with approximately 100 employees in Langnau am Albis, Flums and Laufenburg (Germany), in the context of his succession plan to the Investnet Group. The parties have agreed to keep the purchase price confidential.

Read more…

NKF advises Leonteq in connection with its fully underwritten CHF 173 million right offering

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

In the rights offering Leonteq, a Zurich-based integrated structured investment service provider listed on SIX Swiss Exchange (SIX: LEON), offered a total of 1,296,295 new registered shares through the issuance of tradable subscription rights to existing shareholders. By the end of the subscription period subscription rights for 99.6% of the new registered shares offered had been exercised. The net proceeds of the rights offering were CHF 173 million. Credit Suisse AG acted as Global Coordinator and Joint Bookrunner, Raiffeisen Cooperative Switzerland as Joint Bookrunner.

Read more…

NKF advises CPH Chemie + Papier Holding AG in the issuance of a CHF 120m corporate bond

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises CPH Chemie + Papier Holding AG (SIX: CPHN) in the issuance of a CHF 120m corporate bond (the first-ever bond issued by the CPH Group). The issuance of the corporate bond was coordinated by UBS AG.

Read more…

Niederer Kraft & Frey advises the owners of the Roth companies

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises the owners of the Roth companies with registered seats in Gerlafingen (SO), Lausen (BL), RĂŒmlang (ZH) and Malters (LU), in the context of their succession plan in the sale of a majority participation in the Roth Group, a Swiss leading provider of solutions in the area of fire protection, insulation and lamination with approx. 200 employees – to Constellation Capital AG, PfĂ€ffikon. The parties have agreed to keep the purchase price confidential.

Read more…

Swiss Re Corporate Solutions Ltd successfully placed subordinated notes

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Swiss Re Corporate Solutions Ltd successfully placed subordinated notes in an amount of USD 500,000,000 with a term of 30 years through Cloverie Public Limited Company. The notes issued by Swiss Re Corporate Solutions Ltd shall qualify as lower tier 2 capital (unteres ergÀnzendes Kapital) under Swiss insurance regulations. BNP Paribas, Citigroup Global Markets Limited, Merrill Lynch International, RBC Europe Limited, SMBC Nikko Capital Markets Limited, Standard Chartered Bank, UniCredit Bank AG und Wells Fargo Securities International Limited acted as managers or co-managers.

Read more…

NKF advises Progressive Capital Partners Ltd in connection with its FINMA authorization

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Progressive Capital Partners Ltd, an asset management company focusing on alternative investments, in connection with its authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager and representative of collective investment schemes (June 2014).

Read more…

Niederer Kraft & Frey advises managers in EUR 250m hybrid bond issuance by ARZYTA

August 2015. Press Releases by Niederer Kraft & Frey (view listing).

ARYZTA successfully placed EUR 250,000,000 perpetual callable subordinated securities through its Irish financing vehicle Aryzta Euro Finance Limited. The securities are guaranteed on a subordinated basis by ARYZTA AG, the Swiss parent company. Niederer Kraft & Frey AG acted as legal advisors to the joint lead managers, BNP Paribas, J.P. Morgan Securities plc and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank).

Read more…

Swiss entity represented by NKF prevails in administrative proceedings commenced against it by SECO

July 2014. Press Releases by Niederer Kraft & Frey (view listing).

The State Secretariat for Economic Affairs SECO has decided to terminate its extensive investigation proceedings conducted against a Swiss entity with major global operations for an alleged circumvention of sanctions without taking any action. In a case with an extremely complex and intertwined factual set up taking place in several different countries, the Swiss entity, represented by NKF, succeeded in demonstrating to the authorities that the alleged misconduct lacked any basis and that, in particular, most of the alleged activity was not even comprised by the sanctions, which the SECO had initially deemed circumvented.

Read more…

NKF advises OC Oerlikon Corporation in the successful completion of the acquisition of Sulzer Metco

June 2014. Press Releases by Niederer Kraft & Frey (view listing).

On 31 January 2014 OC Oerlikon has announced the execution of an agreement with Sulzer to buy the Sulzer Metco Division at an enterprise value of CHF 1.0 billion. Niederer Kraft & Frey AG has acted as lead legal transaction counsel of OC Oerlikon in this important transaction. OC Oerlikon Corporation AG, PfÀffikon is listed on the SIX Swiss Exchange and a leading high-tech industrial group specializing in machine and plant engineering. Sulzer Metco is a leading provider of surface solutions with global presence. The combination of Metco with OC Oerlikon's existing Coating Segment shall form a world technology leader in Surface Solutions. The acquisition successfully closed on 2 June 2014.

Read more…

Niederer Kraft & Frey advises GlaxoSmithKline plc on its major three-part transaction with Novartis

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises GlaxoSmithKline plc (GSK) on Swiss law matters in the GSK-Novartis asset swap (Vaccines, Oncology) and joint venture (Consumer Healthcare) transaction.

Read more…

SFS announces IPO on SIX Swiss Exchange

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

SFS Group announced today the launch of its initial public offering ("IPO") on SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding process. Start of trading is expected on 7 May 2014.

Read more…

SFS shares start trading on SIX Swiss Exchange

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

SFS Group announced on 23 April 2014 the launch of its initial public offering ("IPO") on SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding procedure.

Read more…

Shares of HIAG Immobilien Holding AG start trading on SIX Swiss Exchange

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

On 6 May 2014, HIAG Immobilien Holding AG announced the launch of its initial public offering ("IPO") on SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding procedure.

Read more…

Private placement of Newron Pharmaceuticals S.p.A.

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

On 7 April 2014, SIX Swiss Exchange listed biopharmaceutical company Newron Pharmaceuticals S.p.A. headquartered in Bresso/Milan, Italy, has announced that in connection with a private placement it has raised gross proceeds of CHF 18.6 mio., following the subscription by current institutional shareholders and new institutional investors joining from Europe and the US. The private placement was conducted without preferential subscription rights to institutional investors. The subscription price was set at CHF 15.75 per share, marginally below the closing price of Newron's shares on 3 April 2014 of CHF 15.80.

Read more…

NKF advised Capvis and Partners Group in the successful completion of a transaction to acquire VAT

May 2014. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey AG advised Capvis, the leading private equity firm in Switzerland, and Partners Group, the global private markets investment management firm, in a transaction to acquire Vat Holding AG, the global market leader in the development, manufacture and sale of vacuum valves, headquartered in Switzerland. The transaction successfully closed on 11 February 2014.

Read more…

Niederer Kraft & Frey advises OC Oerlikon Corporation AG in the acquisition of Sulzer Metco

February 2014. Press Releases by Niederer Kraft & Frey (view listing).

On 31 January 2014 OC Oerlikon has announced the execution of an agreement with Sulzer to buy the Sulzer Metco Division at an enterprise value of CHF 1.0 billion. The completion of the transaction is conditional upon merger approvals in several countries.

Read more…

NKF advises the Initial Purchasers in the offering of EUR 215m notes and EUR 200m notes

January 2014. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises the Initial Purchasers in the offering of EUR 215 million notes and EUR 200 million notes in connection with the acquisition of the Rhiag-Group by Apax Partners.

NKF acted as special Swiss legal adviser for the Initial Purchasers (consisted of Credit Suisse Securities (Europe) Limited; BNP Paribas; Goldman Sachs International; Mediobanca - Banca di Credito Finanziario S.p.A.; and J.P. Morgan Securities plc) in connection with the offering of EUR 215,000,000 7.25% senior secured notes and EUR 200,000,000 floating rate senior secured notes by Rhino Bondco S.p.A. The proceeds of the offering were used by Apax Partners LLP to fund its acquisition of the Rhiag Group - a leading European automotive parts supplier.

Read more…

CLS Group completes its GBP 160 million equity capital raise

January 2014. Press Releases by Niederer Kraft & Frey (view listing).

CLS Group Holdings AG, the Swiss parent company of CLS Group (www.cls-group.com), today announced the successful completion of an equity capital raise for a net amount of ÂŁ160 million.

Read more…

NKF is Swiss legal advisor to the Initial Purchasers in the offering by GCS Holdco Finance I S.A

January 2014. Press Releases by Niederer Kraft & Frey (view listing).

NKF acted as special Swiss legal advisor for the Initial Purchasers (Credit Suisse, BNP Paribas, Commerzbank, Goldman Sachs, KKR Capital Markets) in connection with the offering of EUR 350,000,000 6.50% senior secured notes by GCS Holdco Finance I S.A and the issuance of EUR 75,000,000 12.0%/13.0% Second Lien Payment-In-Kind Notes due 2019 by FinanciĂšre Daunou 1 S.A. NKF also acted as special Swiss legal adviser for the Mandated Lead Arrangers (Credit Suisse, BNP Paribas, Commerzbank, Goldman Sachs) in connection with GCS Holdco Finance I S.A's EUR 40,000,000 revolving credit facility agreement.

Read more…

Niederer Kraft & Frey advises Capvis and Partners Group in a transaction to acquire Vat Holding AG

January 2014. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey AG advises Capvis, the leading private equity firm in Switzerland, and Partners Group, the global private markets investment management firm, in a transaction to acquire Vat Holding AG, the global market leader in the development, manufacture and sale of vacuum valves, headquartered in Switzerland. The transaction is subject to approval by the respective antitrust authorities.

Read more…

NKF advises Invision on the acquisition of a majority stake in HSO Bildungsorganisation Schweiz AG

November 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Invision Private Equity AG, a leading Swiss private equity company, on the acquisition of a majority stake in HSO Bildungsorganisation Schweiz AG. HSO is one of the major providers of practice-oriented business education in the Swiss education market.

Read more…

Swiss Reinsurance Company Ltd issues CHF 175 million Subordinated Contingent Write-off Securities

November 2013. Press Releases by Niederer Kraft & Frey (view listing).

On 7 October 2013, Swiss Reinsurance Company Ltd successfully closed its issuance of CHF 175 million 7.50% Subordinated Contingent Write-off Securities with a scheduled maturity in 2045 (the "Notes"). The Notes provide for a dual contingent write-off mechanism which is triggered (i) in case the required minimum solvency margin falls below 135% and (ii) in the case of an insurance trigger event that is linked to the occurrence of a 1 in 200 year Atlantic hurricane. The Notes are listed on the SIX Swiss Exchange. Credit Suisse, Deutsche Bank, UBS and ZĂŒrcher Kantonalbank acted as joint lead managers, while BNP Paribas and Swiss Re Capital Markets Corporation acted as co-managers.

Read more…

NKF advises Absolute Invest Ltd in the voluntary public tender offer by Alpine Select Ltd

November 2013. Press Releases by Niederer Kraft & Frey (view listing).

On 11 October 2013, Alpine Select Ltd ("Alpine") launched a public tender offer for all outstanding bearer shares of Absolute Invest Ltd ("Absolute"), an investment company having its shares listed on the SIX Swiss Exchange pursuant to the Standard for Investment Companies. Alpine offered USD 28.50 per Absolute share.

Read more…

NKF advises banks in the placement of SIX-listed bonds exchangeable into shares of ALSO Holding AG

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

NKF has advised UBS, Credit Suisse, ZĂŒrcher Kantonalbank and Bank Vontobel, in connection with the successful placement by Schindler Holding Ltd. of CHF 218 million in SIX-listed bonds exchangeable into shares of ALSO Holding AG.

Read more…

Niederer Kraft & Frey advises Credit Suisse on GE Money Bank's second auto lease securitisation

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised Credit Suisse as Arranger and Lead Manager in relation to the second securitisation of a revolving portfolio of auto lease assets originated in Switzerland by GE Money Bank (GEMB).

Read more…

Niederer Kraft & Frey advises China Haidian Holdings Ltd. in the acquisition of the Corum-Group

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Hong Kong stock exchange listed China Haidian Holdings Ltd. in the acquisition of the Corum-Group, a Swiss manufacturer of luxury watches. The transaction was completed on 9 July 2013.

Read more…

Niederer Kraft & Frey advises Credit Suisse on second Swisscard credit card securitisation

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised Credit Suisse in relation to the second securitisation of a Swiss credit card receivables portfolio originated by Credit Suisse and Swisscard AECS, a joint venture between Credit Suisse and American Express.

Read more…

Niederer Kraft & Frey advises Paragon Partners in the acquisition of KADI AG

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is advising Paragon Partners, Munich, in the acquisition of KADI AG, an important player in the Swiss Food Service and one of the leading brands in the convenience market, from ECM Equity Capital Management, Frankfurt, as well as in the re-participation of the management.

Read more…

NKF advises banking syndicate in connection with the issuance of a public hybrid bond by Alpiq

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

On 2 May 2013, Alpiq Holding AG issued a public hybrid bond in the amount of CHF 650 million on the Swiss capital market. The total proceeds of the public hybrid bond and of the hybrid loan of the Swiss principal shareholders amount to more than CHF 1 billion.

Read more…

NKF advises ZĂŒrcher Kantonalbank, Helvetia, Swiss Re and the Marazzi family in sale of Tertianum AG

July 2013. Press Releases by Niederer Kraft & Frey (view listing).

Tertianum is a company controlled by Swiss Prime Site AG and the leading company in the assisted living segment in Switzerland. The transaction was based on an enterprise value of CHF 495 million, apportioned into the real estate holdings and operating businesses.

Read more…

Niederer Kraft & Frey advises Piper Jaffray Ltd. in Rights Offering of Evolva Holding SA

June 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Piper Jaffray Ltd. as Financial Adviser and Subscription Agent in the rights offering of SIX-listed Evolva Holding SA, a company focusing on discovering, developing and producing biosynthetic ingredients that have applications in the sectors of health, nutrition and wellness. Evolva raised gross proceeds of CHF 31.3 million.

 

Read more…

NKF advises OC Oerlikon Corporation AG in the sale of its Natural Fibers and Textile Components BUs

April 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is acting as Swiss legal advisor to OC Oerlikon Corporation AG (SIX: OERL) in the sale of the Natural Fibers and Textile Components Business Units from its Textile Segment to the Chinese Jinsheng Group.

Read more…

NKF advised on USD 20bn project financing of a LNG project sponsored by Inpex Corp. and Total

April 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised eight export credit agencies from Japan, Australia, Korea, France, Germany and The Netherlands, and a syndicate of 24 commercial lenders, on a USD 20 billion project financing of a liquefied natural gas (LNG) project in Australia sponsored by Inpex Corporation and Total SA.

Read more…

Swiss Reinsurance Company Ltd is the first reinsurer to place conditional write-off notes

April 2013. Press Releases by Niederer Kraft & Frey (view listing).

Swiss Reinsurance Company Ltd successfully placed USD 750,000,000 Subordinated Contingent Write-off Loan Notes (the "Notes") through a repacking vehicle.

Read more…

NKF advises EFG International in the sale of its remaining stake in EFG Financial Products

April 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises global private banking group EFG International (SIX: EFGN) in connection with the sale of its remaining stake of 20.25% in EFG Financial Products for CHF 70.2 million (1,350,000 shares at CHF 52 per share) to Notenstein Private Bank.

Read more…

NKF advises EFG International on EUR 251m cash offer and issuance of CHF 180m in new Tier 2 Notes

February 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised global private banking group EFG International (SIX: EFGN) in connection with its cash offer and consent solicitation to the holders of EFG Fiduciary Certificates, financed through the issuance of new Tier 2 resettable subordinated notes guaranteed by EFG International. BNP Paribas (Suisse) SA and UBS Investment Bank acted as Joint Lead Managers.

Read more…

NKF advises Advent controlled Global Retail Group in secondary placement of shares in Dufry AG

February 2013. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Global Retail Group S.Ă  r.l., a company controlled by Advent International Corporation, in its successful secondary placement of 3,879,609 shares in SIX listed Dufry AG (representing approx. 13% of the total share capital) by way of an accelerated bookbuilt offering arranged by Morgan Stanley as sole bookrunner to selected institutional investors outside the United States and to qualified institutional buyers in the United States.

Read more…

NKF advises Credit Suisse, UBS, and ZĂŒrcher Kantonalbank in Rights Offering of Swiss Prime Site AG

December 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Credit Suisse AG, UBS AG and ZĂŒrcher Kantonalbank as Joint Lead Managers and Joint Bookrunners in the rights offering of Swiss Prime Site AG. Swiss Prime Site AG raised gross proceeds of approximately CHF 349 million by issuing a total of 5,455,601 new registered shares. Swiss Prime Site AG is one of the leading real estate investment companies focusing on commercial real estate in Switzerland

Read more…

Swiss Re Treasury completes Notes Offering in an aggregate amount of USD 750m

December 2012. Press Releases by Niederer Kraft & Frey (view listing).

Swiss Re Treasury (US) Corporation successfully completed an offering of USD 250 million 2.875% senior notes due 2022 and USD 500 million 4.250% senior notes due 2042. The issuer is a subsidiary of Swiss Reinsurance Company Ltd, who guarantees the notes. The offering was Swiss Re's first in the Rule 144A market since 2006. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC acted as managers.

Read more…

Niederer Kraft & Frey advised China Development Bank on a project financing

December 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advised China Development Bank on its EUR350 million project financing of a mine mouth coal-fired power plant in Stanari, Bosnia and Herzegovina. This was the first ever project financing led by a Chinese bank in Europe. The transaction involved one of the largest independent power projects (300 MW plant) in the region. Also, it is the first large scale power project to be constructed by Chinese contractors in Europe.

Read more…

OC Oerlikon Corporation AG, PfÀffikon completes the sale of the Solar Segment to Tokyo Electron

December 2012. Press Releases by Niederer Kraft & Frey (view listing).

27 November 2012. Tokyo Electron Limited is a leading global supplier of semiconductor production equipment listed on the Tokyo Stock Exchange. Oerlikon Solar is headquartered in TrĂŒbbach, Switzerland, and has 8 locations worldwide. It offers field proven equipment and turnkey manufacturing lines for the mass production of thin film silicon solar modules. The transaction was completed on 26 November 2012.

Read more…

NKF advises Partners Group co-founders in CHF 613m secondary placement of shares in Partners Group

November 2012. Press Releases by Niederer Kraft & Frey (view listing).

14 November 2012. Niederer Kraft & Frey advises co-founders of Partners Group in their successful secondary placement of 3,350,001 shares in SIX listed Partners Group Holding AG (representing 12.5% of the total share capital) by way of an accelerated bookbuilt offering arranged by Morgan Stanley, Credit Suisse and UBS as joint bookrunners to selected investors in Switzerland, to certain institutional investors outside of Switzerland and the United States and to qualified institutional buyers in the United States. The shares were placed at CHF 183 per share, resulting in aggregate gross proceeds of CHF 613 million.

Read more…

NKF advises Morgan Stanley and Credit Suisse in the CHF 294m share offering of SIX-listed Dufry Ltd.

October 2012. Press Releases by Niederer Kraft & Frey (view listing).

11 October 2012. In connection with the financing of Dufry‘s acquisition of 51% of the travel retail operations of Folli Follie Group, Dufry successfully placed 2,697,620 new registered shares via an accelerated bookbuilding procedure by way of a private placement in Switzerland and to certain qualifying institutional investors outside of Switzerland. The share offering representing 9.99 per cent of Dufry‘s registered share capital was made on a non-preemptive basis. The new shares were placed at a price of CHF 109 per share, resulting in gross proceeds of CHF 294 million.

Read more…

NKF advises Initial Purchasers in the USD 500m 5.5% Senior Notes due 2020 placed by Dufry Group

October 2012. Press Releases by Niederer Kraft & Frey (view listing).

On 22 October 2012, Dufry Group announced that it successfully completed the pricing of its offering of USD 500 million 5.5% senior notes due 2020. Niederer Kraft & Frey has acted as Swiss counsel to the Initial Purchasers comprising Credit Suisse and BofA Merrill Lynch as joint global coordinators and bookrunners and other financial institutions.

Read more…

Niederer Kraft & Frey advises on IPO of EFG Financial Products

October 2012. Press Releases by Niederer Kraft & Frey (view listing).

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.

Read more…

Niederer Kraft & Frey short-listed by The Lawyer as Switzerland's law firm of the year 2012

September 2012. Press Releases by Niederer Kraft & Frey (view listing).

The Lawyer magazine has short-listed Niederer Kraft & Frey for "Law Firm of the Year: Switzerland" in their European awards list. The awards ceremony, at which winners will be announced, will take place in late October 2012 in Monte Carlo.

Read more…

Niederer Kraft & Frey advises Deutsche Bank as Sole Global Coordinator and Bookrunner and the...

August 2012. Press Releases by Niederer Kraft & Frey (view listing).

other Initial Purchasers in the CHF 896m (equivalent) notes issued by Sunrise Communications International S.A., Luxembourg and the Arrangers and Lenders regarding a CHF 250m revolving facility agreement for Sunrise Communications AG

Read more…

Niederer Kraft & Frey advises EQT Expansion Capital in connection with its investment in Sportradar

August 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises EQT Expansion Capital in connection with the acquisition of a minority stake in Swiss-based Sportradar AG, the leading supplier of sports related live data, odds solutions and fraud detection services.

Read more…

Niederer Kraft & Frey advises selling shareholders of NRS Printing Solutions AG in the sale to ALSO

August 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises the selling shareholders of NRS Printing Solutions AG, a leading company in Switzerland in the area of Managed Print Services for small and medium size companies, to ALSO Schweiz AG, a wholly owned subsidiary of the listed ALSO-Actebis Holding AG. The parties have agreed to keep the purchase price confidential. The transaction was closed on 10 July 2012.

Read more…

Swiss Reinsurance Company Ltd successfully placed subordinated notes in an amount of EUR 500,000,000

August 2012. Press Releases by Niederer Kraft & Frey (view listing).

Swiss Reinsurance Company Ltd successfully placed subordinated notes in an amount of EUR 500,000,000 with a term of 30 years through Cloverie Public Limited Company. The notes issued by Swiss Reinsurance Company Ltd shall qualify as lower tier 2 capital (unteres ergĂ€nzendes Kapital) under Swiss insurance regulations. Citigroup Global Markets Limited, Barclays Bank PLC, HSBC Bank plc, J.P. Morgan Securities plc, Merrill Lynch International, Bayerische Landesbank, Commerzbank Aktiengesellschaft, Landesbank Baden-WĂŒrttemberg and SociĂ©tĂ© GĂ©nĂ©rale acted as managers or co-managers.

Read more…

Niederer Kraft & Frey advises SAM Group in Corporate Restructuring

July 2012. Press Releases by Niederer Kraft & Frey (view listing).

The tax department of Niederer Kraft & Frey advised SAM Group, a global investment boutique with domicile in Switzerland and part of the Robeco Group, in its corporate restructuring with the aim to simplify the group structure by way of mergers of the group companies into one entity and a subsequent reverse merger of the holding company.

Read more…

Niederer Kraft & Frey advises the selling shareholders of Pago Group in the sale to Fuji Seal Group

July 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises the selling shareholders of Pago Group, a group of companies active in the business of manufacturing self-adhesive labels and the accompanying labelling technology, in the sale to Fuji Seal Group, which is listed at the stock exchange of Tokyo. The transaction has been completed on 2 July 2012. The parties have agreed to keep the purchase price confidential.

Read more…

Niederer Kraft & Frey welcomes the Foundation Law expert Prof. Dr. Dominique Jakob as new Of Counsel

July 2012. Press Releases by Niederer Kraft & Frey (view listing).

Prof. Dr. Dominique Jakob, M.I.L. (Lund) joined our firm as Of Counsel as of 1 July 2012. Prof. Jakob studied law in Germany and Sweden, habilitated in Foundation Law and is licensed to teach the subjects Civil Law, International Private Law, Comparative Law, Civil Procedural Law, Business Law, and Tax Law.

Read more…

Niederer Kraft & Frey advises Credit Suisse on first of its kind domestic credit card securitisation

July 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised Credit Suisse in relation to the securitisation of a Swiss credit card receivables portfolio originated by Credit Suisse and Swisscard AECS, a joint venture between Credit Suisse and American Express.

Read more…

Walgreens and Alliance Boots announce strategic partnership

June 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Kohlberg Kravis Roberts & Co. L.P. (KKR) and Alliance Boots GmbH (Alliance Boots) in connection with the acquisition of a 45% equity stake in Alliance Boots by Walgreen Co. (Walgreens), in a cash-and-stock deal valued at approximately $6.7 billion.

Read more…

Niederer Kraft & Frey advises Havas Media in the acquisition of a participation in Mediaxis

June 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Havas Media, the media network business unit of Havas (a global advertising and communications services group, listed at Euronext Paris: HAV.PA), in the entering into a partnership and the pertaining acquisition of a participation in Mediaxis, a group of Swiss companies primarily active as agency in the field of media planning.

Read more…

Niederer Kraft & Frey advises the selling shareholders of Pago Group in the sale to Fuji Seal Group

June 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Havas Media, the media network business unit of Havas (a global advertising and communications services group, listed at Euronext Paris: HAV.PA), in the entering into a partnership and the pertaining acquisition of a participation in Mediaxis, a group of Swiss companies primarily active as agency in the field of media planning.

Read more…

Swiss Reinsurance Company Ltd successfully placed USD 750,000,000...

April 2012. Press Releases by Niederer Kraft & Frey (view listing).

Perpetual Subordinated Notes with Stock Settlement (the "Notes") through a repacking vehicle.

Swiss Reinsurance Company Ltd successfully placed USD 750,000,000 Perpetual Subordinated Notes with Stock Settlement (the "Notes") through a repacking vehicle. 

Read more…

NKF advises bank zweiplus ag

April 2012. Press Releases by Niederer Kraft & Frey (view listing).

NKF advises bank zweiplus ag in connection with the establishment of a joint venture company with Ringier AG operating under the established 'cash' brand

Read more…

Niederer Kraft & Frey advises Credit Suisse on first of its kind auto lease securitisation by GE

April 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised Credit Suisse as Arranger and Lead Manager in relation to the securitisation of a revolving portfolio of auto lease assets originated in Switzerland by GE Money Bank (GEMB).

Read more…

Niederer Kraft & Frey advises SNB

April 2012. Press Releases by Niederer Kraft & Frey (view listing).

The Bank Council of the Swiss National Bank (SNB) approved new regulations on private financial investments and financial transactions by members of SNB management. They come into effect on 1 May 2012.

Read more…

Niederer Kraft & Frey advises Initial Purchasers

March 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Initial Purchasers in the EUR 350 million 6.75% Senior Notes due 2019 issued by gategroup Finance (Luxembourg) SA guaranteed by gategroup Holding AG

Read more…

Niederer Kraft & Frey is advising OC Oerlikon Corporation AG (SIX: OERL)

March 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is advising OC Oerlikon Corporation AG (SIX: OERL) in the sale of the Solar Segment to Tokyo Electron Limited.

Read more…

Niederer Kraft & Frey shortlisted by Chambers & Partners for Chambers Europe Awards for Excellence

March 2012. Press Releases by Niederer Kraft & Frey (view listing).

Chambers & Partners have shortlisted Niederer Kraft & Frey for the "Chambers Awards for Excellence: Switzerland" in their European awards list. The awards ceremony, at which winners will be announced, will take place in May 2012 in Amsterdam.

Read more…

Prof. Dr. Isabelle Romy nominated for election as a member of the Board of Directors of UBS AG

February 2012. Press Releases by Niederer Kraft & Frey (view listing).

On 3 February 2012, the Board of Directors of UBS AG has announced that it has decided to propose Isabelle Romy for election to the Board of Directors of UBS AG at the forthcoming Annual General Meeting of UBS on May 3, 2012.

Read more…

Niederer Kraft & Frey is advising Newave Energy Holding SA

January 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is advising Newave Energy Holding SA in connection with the voluntary public takeover offer by ABB Switzerland Ltd

Niederer Kraft & Frey is advising SIX Swiss Exchange listed Newave Energy Holding SA, a leading European integrated solutions provider for uninterruptible power supply (UPS) systems, in connection with the voluntary public takeover offer by ABB Switzerland Ltd announced on 12 December 2011.  

Read more…

Niederer Kraft & Frey advises CPH Chemie und Papier Holding AG on the sale of CU Chemie UETIKON GmbH

January 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises CPH Chemie und Papier Holding AG, a listed industrial company, on the sale of CU Chemie UETIKON GmbH, a fine chemical specialist based in Lahr, Germany, to a company controlled by Equistone Partners Europe (Schweiz) AG.

Read more…

Niederer Kraft & Frey appoints two new partners

January 2012. Press Releases by Niederer Kraft & Frey (view listing).

We are pleased to inform you that, on 1 January 2012, we admitted Thomas Brönnimann, LL.M., Attorney-at-Law and Daniel Bono, LL.M., Attorney-at-Law as partners of our law firm.

Read more…

Niederer Kraft & Frey advises EFG International

January 2012. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises EFG International on exchange offer and first issue of Basel III compliant bonds with a PONV write-down feature by a non "Too Big To Fail" Bank in Europe

Read more…

Niederer Kraft & Frey advises Absolute Private Equity Ltd.

January 2012. Press Releases by Niederer Kraft & Frey (view listing).

5 September 2011: Niederer Kraft & Frey advises Absolute Private Equity Ltd. in connection with the voluntary public takeover offer by HarbourVest Acquistion GmbH

Read more…

Niederer Kraft & Frey welcomes Dr. Hermann Walser as Of Counsel in the field of pension law

December 2011. Press Releases by Niederer Kraft & Frey (view listing).

We are pleased to announce that we have further strengthened our position in the area of social security and pension matters. As of 1 November 2011, Dr. Hermann Walser, Attorney-at-Law, supports our firm as Of Counsel.

Read more…

Niederer Kraft & Frey awards prizes for master theses

November 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey awards annually two prizes for exceptional master theses in the context of the master degree programmes at the University of Zurich.

Read more…

Niederer Kraft & Frey highly commended law firm of the year 2011 for Switzerland by The Lawyer

November 2011. Press Releases by Niederer Kraft & Frey (view listing).

The Lawyer magazine has published its European Awards 2011 and named Niederer Kraft & Frey as highly commended law firm of the year 2011 for Switzerland.

Read more…

NKF advises SIX listed Newron Pharmaceuticals S.p.A.

October 2011. Press Releases by Niederer Kraft & Frey (view listing).

On 27 September 2011, SIX listed biotech company Newron Pharmaceuticals S.p.A. and NASDAQ-OMX listed Biotie Therapies Corp. announced that they have signed an agreement for Biotie to acquire Newron in a transaction valued at EUR 45 million.

Read more…

Niederer Kraft & Frey advises Bridgepoint in the acquisition of Infront

September 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Bridgepoint to reach agreement to acquire Infront Holding AG/ Infront Sports & Media AG, Zug.

Read more…

Niederer Kraft & Frey acts as Swiss counsel to Thomson Reuters on its new USD 2 billion credit agree

September 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Thomson Reuters Corporation and its Swiss subsidiary as Swiss counsel on a new credit agreement over USD 2 billion with an international bank syndicate.

Read more…

Niederer Kraft & Frey advises BSI in the sale of 51% of B-Source to Avaloq

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey has advised Lugano headquartered private bank BSI, a member of the Generali Group, in the sale of 51% in B-Source SA to Avaloq.

Read more…

Best Lawyers lists 12 NKF partners in the 2011 edition of Switzerland's Best Lawyers

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

Best Lawyers has published its annual research results, listing 12 partners of Niederer Kraft & Frey in the 2011 edition of Switzerland's Best Lawyers, who cover the practice areas Banking, Capital Markets, Corporate, Finance, Information Technology, Investment Funds, Litigation, Media, Mergers & Acquisitions, Tax, and Wealth Management.

Read more…

Niederer Kraft & Frey short-listed by The Lawyer as Switzerland's law firm of the year 2011

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

The Lawyer magazine has short-listed Niederer Kraft & Frey for "Law Firm of the Year: Switzerland" in their European awards list.

Read more…

Niederer Kraft & Frey advises Desco of Schulthess Holding AG

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey advises Desco of Schulthess Holding AG in the sale of a stake in Maurice Lacroix Holding AG

Read more…

Niederer Kraft & Frey advises Paragon Secondary Partners LP on the sale of Swisshaus

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is advising Paragon Secondary Partners LP, a private equity fund, on the sale of Swisshaus, a leading vendor of single family houses in Switzerland, and two further portfolio companies to Vision Capital and Rubicon Partners.

Read more…

Dr. Tadas Zukas of Niederer Kraft & Frey Selected Erasmus Student Ambassador by the EU Commission

August 2011. Press Releases by Niederer Kraft & Frey (view listing).

In context of the 25th anniversary of the Erasmus Programme which will be marked next year under Danish Presidency, the European Commission (EU Commission) selected Dr. Tadas Zukas of Niederer Kraft & Frey as the Erasmus Student Ambassador.

Read more…

Niederer Kraft & Frey is representing Landis+Gyr in its acquisition by Toshiba Corporation

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is representing Landis+Gyr in its $2.3 billion acquisition by Toshiba Corporation, announced on May 19, 2011.

Read more…

Niederer Kraft & Frey is advising Schulthess Group in connection with the voluntary public takeover

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey is advising SIX Swiss Exchange-listed Schulthess Group in connection with the voluntary public takeover offer by the Swedish NIBE group announced in April 2011.

Read more…

Niederer Kraft & Frey Underwriters' Counsel in Clariant Rights Offering

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

21 April 2011: Clariant, a world leader in specialty chemicals, today successfully completed a CHF 368.2 million capital increase in connection with its acquisition of SĂŒd-Chemie.

Read more…

Niederer Kraft & Frey advises Numisma Group and McCafferty Asset Management

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

19 April 2011: Niederer Kraft & Frey has advised Numisma Group and McCafferty Asset Management on the sale of a large real estate portfolio from multiple seller companies to a Swiss based investor.

Read more…

Spring 2011: Chambers Global ranks NKF Tier 1 for Banking & Finance...

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

Chambers Global 2011, published on 21 March 2011, ranks Niederer Kraft & Frey Top Tier 1 for Banking & Finance, Capital Markets, Corporate / Mergers & Acquisitions and Investment Funds Law.


Read more…

Niederer Kraft & Frey awards prizes for best master theses on business laws

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey annually awards two prizes for outstanding master theses, which are written in national and international economic law at the University of Zurich.

Niederer Kraft & Frey verleiht jĂ€hrlich zwei Preise fĂŒr hervorragende Master-Arbeiten, die im Bereich nationales und internationales Wirtschaftsrecht an der UniversitĂ€t ZĂŒrich verfasst werden.

Read more…

4 April 2011: NKF hosts Client Event on Corporate Governance

June 2011. Press Releases by Niederer Kraft & Frey (view listing).

On 4 April 2011, NKF hosted a client event on corporate governance as part of a series of events which Niederer Kraft & Frey will organize this year to celebrate its 75th anniversary.

Read more…

Niederer Kraft & Frey berÀt Qatar Holding LLC

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey berÀt Qatar Holding LLC im Zusammenhang mit wegweisendem Investment in Credit Suisse Group Tier 1 Buffer Capital Notes (CoCos)

Read more…

Niederer Kraft & Frey verleiht Preise fĂŒr die besten Master-Arbeiten im Bereich Business Law

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey richtet jĂ€hrlich zwei Auszeichnungen fĂŒr hervorragend qualifizierte Master-Arbeiten im Rahmen des Master-Studienganges Business Law an der UniversitĂ€t ZĂŒrich (Master of Law UZH, Business Law) aus. 

Read more…

MUSIKALISCHER AUFTAKT ZUM JUBILÄUMSJAHR MIT KONZERT VON TEO GHEORGHIU

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

Zum Start ins 75 Jahre JubilÀum hat NKF am 11. Januar 2011 im Zunfthaus zur Meisen mehr als 200 Klienten zu einem musikalischen Neujahrauftakt empfangen. Der junge Pianist Teo Gheorghiu begeisterte in seinem dritten NKF-Konzert die GÀste mit Werken von Mozart und Chopin. Beim anschliessenden Stehlunch im Porzellanmuseum wurde in festlichem Rahmen auf das 75-jÀhrige Bestehen der Kanzlei angestossen.

Read more…

NKF ernennt zwei neue Partner und begrĂŒsst Prof. Dr. Rolf Sethe als neuen Konsulenten

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

Wir freuen uns, Ihnen mitzuteilen, dass wir am 1. Januar 2011

Read more…

NKF berÀt Credit Suisse (Global Coordinator) und Goldman Sachs

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

NKF berÀt Credit Suisse (Global Coordinator) und Goldman Sachs in der Kapitalerhöhung von gategroup Holding AG

Read more…

NKF unterstĂŒtzte AVK Holding A/S, DĂ€nemark

February 2011. Press Releases by Niederer Kraft & Frey (view listing).

NKF unterstĂŒtzte AVK Holding A/S, DĂ€nemark, in sĂ€mtlichen rechtlichen Belangen fĂŒr die Akquisition einer in der Schweiz domizilierten Gruppe von Gesellschaften

Read more…

NKF assists AVK Holding A/S, Denmark,

November 2010. Press Releases by Niederer Kraft & Frey (view listing).

NKF assists AVK Holding A/S, Denmark, as external legal counsel in connection with the acquisition of a Swiss based group of companies

Read more…

Niederer Kraft & Frey wins Swiss Capital Markets and Corporate Law Firm of the Year Award

November 2010. Press Releases by Niederer Kraft & Frey (view listing).

Finance Monthly Law Awards 2010: Niederer Kraft & Frey wins Swiss Capital Markets and Corporate Law Firm of the Year Award

Read more…

NIEDERER KRAFT & FREY AWARDS PRIZES FOR BEST MASTER DEGREE THESES ON BUSINESS LAW

November 2010. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey richtet jĂ€hrlich zwei Auszeichnungen fĂŒr hervorragend qualifizierte Master-Arbeiten im Rahmen des Master-Studienganges Business Law an der UniversitĂ€t ZĂŒrich (Master of Law UZH, Business Law) aus.

Read more…

NKF acts as Swiss counsel to SIX listed Leclanché S.A.

November 2010. Press Releases by Niederer Kraft & Frey (view listing).

NKF acts as Swiss counsel to SIX listed Leclanché S.A. in the rights offering of up to 2,117,500 shares

Read more…

NKF acts as Swiss counsel to Credit Suisse (Global Coordinator) and Goldman Sachs

November 2010. Press Releases by Niederer Kraft & Frey (view listing).

NKF acts as Swiss counsel to Credit Suisse (Global Coordinator) and Goldman Sachs in the Capital Increase of SIX listed gategroup Holding AG

Read more…

FINANCE MONTHLY LAW AWARDS 2010

October 2010. Press Releases by Niederer Kraft & Frey (view listing).

NIEDERER KRAFT & FREY WINS SWISS CAPITAL MARKETS AND CORPORATE LAW FIRM OF THE YEAR AWARD 

Read more…

NKF ADVISES IMPLENIA IN THE ACQUISITION OF A REAL ESTATE PORTFOLIO OF SULZER

October 2010. Press Releases by Niederer Kraft & Frey (view listing).

31 August 2010: Niederer Kraft & Frey has advised SIX listed Implenia on the purchase of a real estate portfolio and development unit of SIX listed Sulzer group. 

Read more…

NKF ADVISES ADVENT CONTROLLED TRAVEL RETAIL INVESTMENT S.C.A

October 2010. Press Releases by Niederer Kraft & Frey (view listing).

NKF ADVISES ADVENT CONTROLLED TRAVEL RETAIL INVESTMENT S.C.A. IN PRIVATE PLACEMENT OF 2.9 MILLION SHARES OF SIX LISTED DUFRY 

Read more…

Niederer Kraft & Frey to award rewards for best master degree theses on business law

June 2010. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey wird jĂ€hrlich zwei Auszeichnungen fĂŒr hervorragend qualifizierte Master-Arbeiten im Rahmen des Master-Studienganges Business Law an der UniversitĂ€t ZĂŒrich (Master of Law UZH, Business Law) ausrichten. Die Auszeichnungen sind verbunden mit Preisen im Betrag von CHF 10'000 und CHF 6'000.

Read more…

Niederer Kraft & Frey wins the 2010 ILO Client Choice Award for Switzerland

June 2010. Press Releases by Niederer Kraft & Frey (view listing).

Established in 2005, the ILO Client Choice Awards recognize those law firms and partners around the world that stand apart for the excellent client care they provide and the quality of their service. The criteria for the awards focus on an ability to add real value to clients' business above and beyond the other players in the market. This year's winners were chosen from more than 2,000 individual assessments received from corporate counsel worldwide.

Read more…

NKF advises France Telecom in the Orange / Sunrise Transaction

June 2010. Press Releases by Niederer Kraft & Frey (view listing).

November 2009: On November 25, 2009 France Telecom and TDC have announced that they have reached an agreement to combine their respective Swiss subsidiaries, Orange Communication S.A. and Sunrise Communications S.A. to create the leading nationwide alternative provider of telecommunications services in Switzerland.

Read more…

Niederer Kraft & Frey wins the 2010 ILO Client Choice Award for Switzerland

May 2010. Press Releases by Niederer Kraft & Frey (view listing).

Established in 2005, the ILO Client Choice Awards recognize those law firms and partners around the world that stand apart for the excellent client care they provide and the quality of their service. The criteria for the awards focus on an ability to add real value to clients' business above and beyond the other players in the market. This year's winners were chosen from more than 2,000 individual assessments received from corporate counsel worldwide.

Read more…

Niederer Kraft & Frey to award rewards for best master degree theses on business law

January 2010. Press Releases by Niederer Kraft & Frey (view listing).

Niederer Kraft & Frey wird jĂ€hrlich zwei Auszeichnungen fĂŒr hervorragend qualifizierte Master-Arbeiten im Rahmen des Master-Studienganges Business Law an der UniversitĂ€t ZĂŒrich (Master of Law UZH, Business Law) ausrichten. Die Auszeichnungen sind verbunden mit Preisen im Betrag von CHF 10'000 und CHF 6'000.

Read more…

NKF advises France Telecom in the Orange / Sunrise Transaction

December 2009. Press Releases by Niederer Kraft & Frey (view listing).

November 2009: On November 25, 2009 France Telecom and TDC have announced that they have reached an agreement to combine their respective Swiss subsidiaries, Orange Communication S.A. and Sunrise Communications S.A. to create the leading nationwide alternative provider of telecommunications services in Switzerland. At closing, France Telecom will pay a net amount of €1.5 billion to TDC and, as a result of a series of steps, become a 75% shareholder in the combined entity, and TDC will hold the remaining 25%. Prior to signing the final transaction documentation, which is expected to take place in the second half of February 2010, both TDC and France Telecom will undertake a confirmatory due diligence. The completion of the transaction will furthermore be conditional upon the approval by the relevant competition and regulatory authorities.

Read more…

NKF ISSUER'S COUNSEL IN CHF 10 MILLIONEN KAPITALERHÖHUNG DER LECLANCHE SA

November 2009. Press Releases by Niederer Kraft & Frey (view listing).

Oktober 2009: NKF handelt als issuer's counsel in der CHF 10 Millionen Kapitalerhöhung mit Bezugsrecht des an der SIX Swiss Exchange kotierten Lithium-ion Batterien Herstellers Leclanché SA. NKF Team: Philipp Haas, Roger Föhn, Andrea Huber.

Read more…

Niederer Kraft & Frey wins the Zurich Lawyers' Football Championship (ZAM) 2009

October 2009. Press Releases by Niederer Kraft & Frey (view listing).

After a 2:0 semi-final win over Homburger on September 21, 2009, NKF advanced to the ZAM finals 2009. In the final on September 28, 2009, NKF won over Baer & Karrer's strong team in a thrilling and fair game by 1:0. NKF thereby successfully defended its 2008 title.

 

Read more…

NKF advises Swiss Confederation in CHF 5.48 billion Placement

October 2009. Press Releases by Niederer Kraft & Frey (view listing).

The Swiss Confederation has 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.

Read more…

NKF advises Swiss Confederation:

September 2009. Press Releases by Niederer Kraft & Frey (view listing).

In CHF 5.48 billion Placement of UBS Shares and CHF 1.8 billion MCN Coupon Redemption.

Read more…

NKF advises Creinvest AG (target):

July 2009. Press Releases by Niederer Kraft & Frey (view listing).

in an absorption merger between Julius Baer Invest Ltd and Creinvest Ltd. June 2009: NKF advises SIX Swiss Exchange listed Creinvest AG (target) in an absorption merger between Julius Baer Invest Ltd and Creinvest Ltd.

Read more…

NKF advises Jelmoli Holding Ltd. in CHF 1.5 billion share exchange offer by SPS

July 2009. Press Releases by Niederer Kraft & Frey (view listing).

June 2009: NKF advises SIX Swiss Exchange listed Jelmoli Holding Ltd. (target) in the >CHF 1.5 billion share exchange tender offer by Swiss Prime Site AG.

Read more…

NKF issuer's counsel in CHF 420 m rights offering of Givaudan SA

July 2009. Press Releases by Niederer Kraft & Frey (view listing).

June 2009: NKF issuer's counsel in the CHF 420 million rights offering of SIX Swiss Exchange listed, Geneva headquartered Givaudan SA, the world's leading creator and manufacturer of flavour and fragrance compounds, in its.

Read more…

NKF underwriter counsel in CHF 30 million rights offering of Looser Holding

July 2009. Press Releases by Niederer Kraft & Frey (view listing).

June / July, 2009: NKF underwriter counsel (Bank Sal. Oppenheim and Bank am Bellevue) in the CHF 30 million rights offering of SIX Swiss Exchange listed Looser Holding.

Read more…

NKF advises SIX listed BB Medtech AG in friendly public exchange offer

July 2009. Press Releases by Niederer Kraft & Frey (view listing).

(Conversion into an equity fund) - July 2009: NKF acts for SIX listed BB Medtech in the public exchange offer of Vontobel Beteiligungen AG for BB Medtech AG, currently operating under the legal form of an investment company to change the company’s legal structure to an equity fund.

Read more…

NKF advised IAWS Group plc and ARYZTA AG

September 2008. Press Releases by Niederer Kraft & Frey (view listing).

August 2008 NKF advised IAWS Group plc and ARYZTA AG in the combination of IAWS' business with Hiestand Holding AG under the roof of ARYZTA AG as new parent company and the listing of ARYZTA AG with a market cap of approx.

Read more…

Legal Developments by:
Niederer Kraft Frey

  • GrenzĂŒberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stĂ€rksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende AusfĂŒhrungen 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 ZulĂ€ssigkeit von grenzĂŒberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • BĂ€r & 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
  • BĂ€r & Karrer Elects Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to Partner

    BĂ€r & 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.
  • BĂ€r & 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 ZĂŒrcher Kantonalbank acted as Joint Bookrunners.
  • BĂ€r & Karrer Advises SIG Combibloc Group as Issuer and Onex as Selling Shareholder on the IPO of SI

    SIG Combibloc, a leading provider of aseptic carton packaging solutions for the food and beverage industry, successfully priced its IPO and listed its shares on the SIX Swiss Exchange, where trading commenced on 28 September 2018. With a market capitalization of CHF 3.6 billion and a generating total gross proceeds of CHF 1.5 billion, this is considered as the largest IPO on the SIX Swiss Exchange in the last years. In connection with the IPO, SIG Combibloc Group Holdings S.A., the holding company of SIG Combibloc Group, migrated its legal seat and the place of management of the company from Luxembourg to the Canton of Schaffhausen, Switzerland by way of a cross-border relocation and thereby became a stock corporation governed by Swiss law prior to the first day of trading.
  • BĂ€r & Karrer Advises the Joint Bookrunners in the Offering of an Aggregate of USD 8,000,000,000 Not

    Nestlé Holdings, Inc. completed an offering of USD 1,000,000,000 3.100% Notes due 2021, USD 1,500,000,000 3.350% Notes due 2023, USD 900,000,000 3.500% Notes due 2025, USD 1,250,000,000 3.625% Notes due 2028, USD 1,250,000,000 3.900% Notes due 2038 and USD 2,100,000,000 4.000% Notes due 2048. The notes were offered and sold by the Joint Bookrunners in the United States in reliance on Rule 144A and in transactions outside the United States in reliance on Regulation S under the U.S. Securities Act. Each series of notes is guaranteed by Nestlé S.A.
  • BĂ€r & Karrer Advises Aduno Group on the Acquisition of Accarda

    Aduno Group has increased its participation in Swiss payment solutions specialist Accarda AG from 30% to 100% following an auction process for the acquisition of the 70% stake from Maus FrĂšres SA.
  • 17 February 2017: Auris Medical's Public Equity Offering

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