Capital markets in Switzerland

Homburger

Homburger offers the ‘terrific combination of first-class expertise with a hands-on client-focused approach.‘ Led by the experienced Frank Gerhard and Benedikt Maurenbrecher, the group is well versed in the full gamut of capital market transactions, also covering regulatory and tax aspects. The practice scope includes equity transactions such as IPOs, capital increases, block trades, private placements and other corporate finance transactions. Convertible and exchangeable bonds as well as debt capital transactions and hybrid debt instruments are also handled. Dieter Gericke and Daniel Daeniker both counsel on IPOs and private placements. Benjamin Leisinger is noted for being ‘a fast thinker, highly efficient and very responsive‘. René Bösch is a DCM expert. Daniel Häusermann is a ‘sharp counsel gifted with a solid finance background.’

Other key lawyers:

Lee Saladino; Daniel Häusermann; Stefan Kramer; Andreas Müller; David Borer; Benjamin Leisinger; René Bösch; Daniel Daeniker; Dieter Gericke

Testimonials

‘Frank Gerhard is outstanding. He very quickly understands clients’ needs and addresses them in a speedy and reliable manner. He is not afraid to come with clear positioning while others would hide behind some legal uncertainties and controversies.’

‘Benjamin Leisinger and David Borer are both very knowledgeable, provide hands-on solutions, very approachable and very responsive.’

‘Dieter Gericke is business-oriented.’

‘Andreas Müller and Daniel Häusermann are strong and sharp counsel gifted with a solid finance background leading to workable solutions and execution.’

‘Terrific combination of first-class expertise with a hands-on client-focused approach. Great to work with, very efficient, 100% reliable. Very high firepower and unique legal and regulatory expertise if needed. Homburger sets the standards and the pace in the Swiss legal environment.’

‘Benjamin Leisinger is my go-to guy for all bank regulatory questions. He is a fast thinker, highly efficient and very responsive.’

‘Stefan Kramer stands out with his great intellect which gives him the edge when it comes to structuring complex debt capital products. He is also a very nice guy and fun to work with.’

‘David Borer is a rising star, a smart lateral thinker with a great personality.’

Key clients

Credit Suisse

UBS

Dufry

Roche

Nestlé

LafargeHolcim

Morgan Stanley

Merrill Lynch

Deutsche Bank

Addex Therapeutics

ADC Therapeutics

Molecular Partners

Société Générale

Raiffeisen Schweiz Genossenschaft

Santhera Pharmaceuticals Holding

VectivBio

Siegfried Holding

Nice & Green

Basler Kantonalbank

Zürcher Kantonalbank

St. Galler Kantonalbank

J.P. Morgan

Pictet

Bank Julius Bär

Work highlights

  • Advised Dufry as international lead counsel on various innovative equity capital markets transactions.
  • Advised the underwriters on the CHF2.12bn IPO of PolyPeptide Groupon SIX Swiss Exchange.
  • Advised Credit Suisse Group on the placement of CHF1.9bn mandatory convertible notes.

Lenz & Staehelin

The capital markets practice at Lenz & Staehelin is regularly sought after by Swiss and foreign issuers and banks, ETC and ETF promoters as well as international associations. The offering includes equity offerings such as IPOs, rights offerings, and share buybacks; offerings of bonds, loan participation notes and mortgage-backed transactions. Convertible bonds and exchange offers/tender offers for bonds and notes in Switzerland are also handled. The Geneva office is led by Jacques Iffland while the Zurich team is headed up by Hans-Jakob Diem and Patrick SchleifferFrançois Rayroux is another prominent practitioner with longstanding experience.

Key clients

KKR

Bundesverband Deutscher Banken (BBV)

Credit Suisse, UBS

Desmarais and Frère families, Pargesa Holding SA (Pargesa) and Groupe Bruxelles Lambert (GBL)

Jefferies

J.P. Morgan

Geberit AG

Hirslanden Group

International Swaps and Derivatives Association (ISDA)

LafargeHolcim

Morgan Stanley, BofA Securities and Cowen

ObsEva SA

SoftwareONE

Deutsche Bank

Blackrock

Wisdom Tree

Work highlights

  • Advised the underwriters on the cross-border IPO of Swiss-based Sophia Genetics with a listing on Nasdaq.
  • Advised Compagnie Financière Richemont SA on the distribution of tradable shareholder warrants, a previously untested way in Switzerland to distribute value to the shareholders and an alternative to the normal ‘scrip dividend’.
  • Advised Jefferies LLC on its equity distribution agreement with Transocean.

Niederer Kraft Frey AG

Niederer Kraft Frey AG has established itself as a strong player on debt, equity and hybrid capital market products. The group has a particular strong track record in IPOs, but also assists with Swiss domestic securitization transactions, issuance of covered bonds, equity capital markets transactions, as well as rights offerings, spin-offs and private equity placements. François Bianchi leads the practice, which also includes DCM and ECM transaction specialist Daniel Bono and Philipp Haas who also covers market conduct rules. Till Spillmann is considered to be ‘an amazing partner‘. Philippe Weber also advises on compliance with securities law and regulations. Andrea Giger was promoted to partner in January 2022. Christina Del Vecchio became a general counsel at PolyPeptide Group in mid-2021.

Practice head(s):

François Bianchi

Other key lawyers:

Till Spillmann; Philippe Weber; Deirdre Ní Annracháin; Andrea Giger; Marco Häusermann; Daniel Bono; Philipp Haas; Thomas Brönnimann

Testimonials

‘Very flexible, accomodating and service-oriented. They will always find a solution for you.’

‘Till Spillmann is an amazing partner, the best I have ever worked with.’

‘Super professional, very diligent, attention to detail, solution-driven.’

‘Availability, responsiveness, expertise, relationships.’

Key clients

Credit Suisse

UBS

Zurich Cantonal Bank

Glencore

Leonteq AG

Julius Baer Group

PolyPeptide Group AG

KKR

EQT

Partners Group

Selecta

SFS Group AG

Swiss Confederation (Treasury Division)

VFS Global Ltd / VFS Group

Work highlights

  • Advised Global Blue on the merger with Far Point, which consisted of a combination of a Swiss/Continental European company with a US blank check company combined with an IPO at the NYSE.
  • Advised PolyPeptide Group AG on its up to CHF848m IPO on SIX.
  • Advised Idorsia on the placement of CHF600m in convertible bonds in July 2021 and on the rights offering of CHF535.5m as well as on their private placement of CHF330m in May 2020.

Walder Wyss Ltd.

The team at Walder Wyss Ltd. covers a wide range of capital market matters, such as initial public offerings, private investments in public enterprises (PIPEs), and high-yield or mezzanine financings. Convertible bond issues, derivative instruments and new hybrid security or debt restructurings are also handled. In close collaboration across practice groups, the members regularly act for national and international issuers, syndicate banks, and shareholders. Practice head Theodor Härtsch is further well versed in corporate and capital markets compliance matters, while Lukas Wyss also covers regulatory securities. Alexander Nikitine has know-how in DCM and ECM offerings.

Practice head(s):

Theodor Härtsch

Other key lawyers:

Urs Schenker; Lukas Wyss; Markus Pfenninger; Daniel Dedeyan; Alexander Nikitine

Testimonials

‘Accessibility and know-how.’

Key clients

UBS AG and Credit Suisse AG

Valiant Bank AG

UBS AG and Credit Suisse Ltd

Baloise Holding AG

Basler Kantonalbank

Ford Motor Credit Company LLC

Swiss Life Holding Ltd.

Swiss Life AG

Constellium

Montana Aerospace AG

CRISPR Therapeutics AG

AMAG Leasing

Swisscard AECS GmbH

Cembra Money Bank AG

Credit Suisse – Emil Frey

Mobiliar

Work highlights

  • Advising UBS AG, Credit Suisse Ltd and ING Bank as lenders under a mezzanine facility agreement granted to the Singapore based shareholder of gategroup Holding AG in relation to the restructuring of the financial debt and the recapitalization of gategroup Holding AG’s shareholder as well as gategroup Holding AG itself.
  • Advising Valiant Bank AG on a further issuance under its CHF5bn covered bond program.
  • Acted as counsel to the underwriters UBS AG and Credit Suisse Ltd on the rights offering of Swiss Steel Holding AG.

Advestra

Transaction specialist boutique Advestra hit the ground running since opening its doors at the beginning of 2020. The group has a track record of advising on equity and debt capital market transactions on matters such as IPOs, rights issues, PIPEs, accelerated book-buildings (ABBs) and other structures. Hybrid bonds, covered bonds, high-yield bonds and convertible bonds are also handled. The group’s client portfolio includes listed companies, Swiss and global investment banks, private equity sponsors, sovereign wealth funds and other domestic and foreign financial and strategic investors. Thomas Reutter enjoys an excellent reputation in the market. He is supported by the up-and-coming Annette Weber, Alexander von Jeinsen and Sandro Fehlmann.

Other key lawyers:

Annette Weber; Sandro Fehlmann; Alexander von Jeinsen; Rashid Bahar; Thomas Reutter

Testimonials

‘Very knowledgeable and dynamic team, very client-focused.’

‘Very client-focused and adaptive, broad and relevant knowledge (Alexander von Jeinsen, Thomas Reutter).’

‘Highly competent and experienced, young and talented crowd, great firm reputation built in a very short time frame.’

‘Thomas Reutter: highly skilled and experienced lawyer.’

‘Alexander von Jeinsen and Annette Weber have high potential.’

‘Annette Weber is very hardworking, responsive and experienced in relevant transaction types.’

‘Alexander von Jeinsen: very good transactional experience, very good responsiveness, performs exceptionally well under pressure and within tight deadlines, gives sufficient exposure to his associates, is talented at handling large groups of stakeholders.’

Key clients

Jacobs Holding

SIG Combibloc

Credit Suisse

Swiss Re

Ares Management

JP Morgan

Valyo

Goldman Sachs

Bank of America Merrill Lynch (BofA)

Jefferies

ZKB (Zürcher Kantonalbank)

J.P. Morgan

Kempen

Work highlights

  • Advised the banking syndicate on Molecular Partners AG’s Initial Public Offering in the United States and its listing on NASDAQ raising gross proceeds of approximately $63.8m.
  • Acted as legal counsel to Goldman Sachs, Jefferies and ZKB with regard to the successful placement by Meyer Burger of newly issued shares raising gross proceeds of CHF80m and €145m green guaranteed senior unsecured convertible bonds.
  • Acted as legal counsel to Bank of America Merrill Lynch, Credit Suisse AG and Goldman Sachs International as the joint bookrunner in connection with the placement of CHF600m senior unsecured convertible bonds due 2028 by Idorsia AG.

Baker McKenzie

The capital market practice at Baker McKenzie is praised for its ‘ability to familiarize itself with bespoke financial products with ease and to successfully negotiate with transaction counterparties.’ Traditionally active in equity capital markets, the group has know-how in share issuances and convertible bond transactions. Recently, its workload in debt issuances has grown, advising on matters such as equity-linked, high-yield debt and straight bonds. Led by Matthias Courvoisier, the team works well as an integral part of the firm's international network, as well as with its litigation and compliance practices. Philip Spoerlé left the firm in November 2021.

Practice head(s):

Matthias Courvoisier

Other key lawyers:

Ansgar Schott; Yves Mauchle

Testimonials

‘Lean staffing leads to high efficiency.’

‘Matthias Courvoisier, Alexander Fischer: High commitment, fast responses, multi-disciplinary skillset.’

‘Known to be doing things differently; competitive pricing.’

‘Matthias Courvoisier: very reputable lawyer, giving differentiated advice and very hands-on.’

‘Ability to familiarise itself with bespoke financial products with ease and to successfully negotiate with transaction counterparties.’

‘Yves Mauchle is not only quick to turn round transaction documents while delivering high quality, but also to drive transaction-related negotiations efficiently and effectively.’

Key clients

UBS AG/UBS Investment Bank

Joh. Berenberg Gossler & Co. KG

Alfa Bank

Varia US Properties AG

Bausch Health Corporation

Swiss Finance & Property Investment AG

Zug Estates Group

Bank am Bellevue AG

Arbonia AG

Canton of Geneva

Conzetta AG

Swiss Steel Group (formerly Schmolz+Bickenbach)

Basilea Pharmaceutica AG

Fundamenta Real Estate AG

Cosmo Pharmaceuticals S.p.A.

Zürcher Kantonalbank

Investis Holding SA

Highbridge Tactical Credit Fund Limited

Kühne + Nagel International

Zur Rose Group AG

Cassiopea S.p.A.

Work highlights

  • Advised, as lead and international counsel, Highbridge Capital Management, LLC, on an up to CHF20m highly complex equity-linked debt financing for SIX Swiss Exchange listed Santhera Group.
  • Advised SIX Swiss Exchange-listed Basilea Pharmaceutica Ltd. on its capital increase from authorised capital and the related share placement in an accelerated bookbuilding procedure.
  • Advised CoinShares on all Swiss law aspects in connection with its admission as new ETP issuer at the SIX Swiss Exchange and the listing of its first physical bitcoin ETP (BITC).

Bär & Karrer Ltd.

Bär & Karrer Ltd. demonstrates strength in acting for both issuers and lead managers on IPOs as well as on the issuance of bonds and notes. Other areas of expertise are equity-linked and regulatory capital instruments, private placements and recapitalisation programmes. The practice is regularly active in the banking, insurance, industrials, technology, healthcare & life sciences as well as the real estate sectors. Rolf Watter and Ralph Malacrida both have considerable experience in capital market transactions. Urs Kägi is well versed in capital increases, IPOs, new listings, and dual listings. Other prominent practitioners are Lukas Roesler, Dieter Dubs and Frédéric Bétrisey.

Practice head(s):

Rolf Watter; Ralph Malacrida; Urs Kägi; Lukas Roesler; Dieter Dubs

Other key lawyers:

Frédéric Bétrisey

Testimonials

‘The team is extremely competent, pleasant, available and able to deal with emergencies and unforeseen events within very tight deadlines.’

‘The individuals we work with are extremely competent and able to deal with emergencies and unforeseen events within very tight deadlines. They know us and our needs as well as our special context. We have a longstanding relationship and trust, with Frédéric Bétrisey in particular.’

‘We were looked after professionally, so there were no risks as everything was thought through in advance.’

‘Urs Kägi supports us very professionally and represents us very competently.’

Key clients

Implenia

Chubb

TE Connectivity

Saint-Gobain

Temasek

Alibaba Group

Swiss Re

Syngenta

Far Point Acquisition Corporation

SIG Combibloc Group

Highlight Event and Entertainment AG

Work highlights

  • Acted as legal and tax advisor on all Swiss law aspects to Far Point Acquisition Corporation, a special purpose acquisition company (SPAC), and Swiss-based Global Blue, combining their businesses through a merger.
  • Acted as legal counsel to Alibaba Group on all aspects of Swiss laws in the rights offering and the private placement.
  • Advised Temasek as the main shareholder on the recapitalisation of gategroup.

Kellerhals Carrard

Kellerhals Carrard is noted for its ‘entrepreneurial approach, taking new roads and finding innovative solutions.’ Its speciality is advising large companies and banks on listed financial products, as well as on mid-cap capital market transactions. The team has considerable experience in the FinTech sector. The ‘creative negotiatorBeat Brechbühl handles transactions and leads the practice with Dominik Oberholzer who is a listed financial products expert. Jean-Luc Chenaux knows IPO-related issues well and associate Shayan Mirabi is considered to be ‘calm, highly efficient and delivers results needed.‘ The group was reinforced by the arrival of Luca Bianchi in early 2021, who was previously at Niederer Kraft Frey AG.

Practice head(s):

Beat Brechbuehl; Dominik Oberholzer

Other key lawyers:

Edgar Philippin; Jean-Luc Chenaux; Luca Bianchi; Shayan Mirabi

Testimonials

‘We can’t recall a situation where they let us down or provided bad advice. The team is very professional, to the point and does not have the usual risk-averse approach that others have. They have a very good and able network of specialised law firms.’

‘Beat Brechbühl is precise, fast and pragmatic. He provides advice that hits the spot.’

‘Shayan Mirabi is a rising young talent; he is calm and highly efficient and delivers results.’

‘The KC team is pragmatic, solution-oriented and efficient. They take an entrepreneurial approach, take new roads and find innovative solutions. They offer high personal commitment and partner attention.’

‘Beat Brechbühl is a smart and creative negotiator.’

‘Jean-Luc Chenaux has excellent know-how regarding capital market transactions. He is fast and clear.’

Key clients

Kursaal Bern AG

Galenica AG

BKW AG

Adecco AG

Zegna

Daetwyler Holding AG

Franklin Templeton Group

Deutsche Bank/DWS

Implenia AG

Lindt&Sprüngli

Edisun Power Holding AG

UBS Group

Work highlights

  • Assisted Kursaal Bern, together with ZKB, with the initial public offering on all corporate and capital market aspects.
  • Advised UBS AG with regard to all aspects of Swiss law for the set-up, registration with the Swiss regulator and listing at SIX Swiss Exchange of listed and non-listed funds.
  • Advised Zegna with regard to the first SPAC transaction/IPO involving the Swiss holding company with US sponsors to be listed at the NYSE.

MLL Legal

With an emphasis on equity capital market matters, the team at MLL Legal advises especially issuers and investment banks on the full range of capital market transactions, including IPOs, private placements, rights offerings, debt offerings and exchange offers. The offering further includes assisting listed companies with corporate governance and ongoing regulatory matters. Wolfgang Müller and Christoph Heiz are experienced in debt and equity CM transactions and lead the practice with Catrina Luchsinger Gähwiler who has know-how in structuring investment products. Andrea Sieber  is well versed in regulated industries.

Testimonials

‘Pragmatic, entrepreneurial, efficient.’

‘Entrepreneurial, hands-on, business acumen.’

‘Professional service, fast.’

‘Wolfgang Müller: available, fast, knowledge of SIX regulations, offers flexible solutions.’

Key clients

Allreal Holding AG

Calida Holding AG

DOTTIKON ES HOLDING AG

LumX Group Ltd

Meyer Burger Technology AG

Nova Property Fund Management AG

Novavest Real Estate AG

poenina holding ag

Schlatter Industries AG

SEBA Bank AG

Swissinvest Real Estate Fund

Trifork Holding AG

VanEck

Work highlights

  • Advised Dottikon ES Holding on its rights offering to raise about CHF210m and the listing of its newly issued shares on SIX Swiss Exchange.
  • Advised Allreal on the issue of the bond offerings 2021 and 2020 of CHF170m and CHF175m, respectively, and the listing of the bonds on SIX Swiss Exchange.
  • Advised Poenina on the acquisition of Caleira AG by way of a merger according to the Swiss merger act and the listing of its newly issued shares on SIX Swiss Exchange.

Pestalozzi

Pestalozzi is an established go-to counsel to domestic and international banks and corporations in the capital market area. The team has experience acting in a range of equity, debt and securitisation transactions, with particular strength in bond issuances, advising also on capital markets platforms and exchanges and listing of ETPs. In a recent highlight, it was involved in one of Switzerland’s first green bonds. Several team members are also recognised issuers’ representatives. Practice head Oliver Widmer is ‘always up-to-date and his advice is very helpful.’ Urs Kloeti and Christian Leuenberger can offer know-how at the intersection of finance and corporate law respectively. Beat Schwarz  is a debt capital market contact, while Andrea Huber covers regulatory aspects.

Practice head(s):

Oliver Widmer

Other key lawyers:

Severin Roelli; Beat Schwarz; Andrea Huber; Ludivine Boisard; Urs Kloeti; Christian Leuenberger

Testimonials

‘Christian Leuenberger is very pleasant to work with. He is very pragmatic and has great ‘dealmaker’ abilities.’

‘Pestalozzi is a very professional firm with expertise in all possible law matters. This makes us as a client sure to get well documented and accurate legal advice on any subject matter we are discussing with them.’

‘They are extremely responsive and always sharp in their legal opinions.’

‘They always advised in a timely manner and were capable of dealing with the authorities (if required). They were up to date with the most recent regulatory developments. The lawyers understand our needs from a commercial perspective and are innovative in finding a sophisticated yet workable solution.’

‘Oliver Widmer is always up-to-date and his advice is very helpful. He is available 24/7 and one of the top lawyers in his area.’

‘I can recommend this firm because of the high quality of their services and their client-oriented approach, reliance and trustworthiness. These values along with competitive rates and accurate billing have made our cooperation so long.’

‘We appreciate Oliver Widmer for being reliable, accurate and punctual, and providing expertise of a high quality.’

‘Oliver Widmer is one of the leading Swiss lawyers. We love to work with him, very skilled and pragmatic.’

Key clients

Achiko AG

Bank of America Merrill Lynch

Citigroup

Coca Cola HCB

Credit Suisse

Deutsche Bank

DTEK

Goldman Sachs

H.C. Wainwright & Co

Instimatch

J.P. Morgan

Leclanché

Mettler2Invest

Noble

RiverRock European Capital Partners LLP

Schlumberger

STX Fixed Income

Swisscom

Work highlights

  • Advised Swisscom, a state-controlled ICT company in Switzerland, on one of the first Swiss green/sustainable bond issues of CHF1bn, also coordinating with foreign counsel.
  • Advised the Noble Group, including six Swiss financing companies on the re-financing of its debt, including a credit facility and the issuance of a bond in connection from Noble emerging from chapter 11.
  • Advised the initial purchasing banks (Goldman Sachs, Citigroup, Credit Suisse) in connection with a €825m notes offering by Salt.

Schellenberg Wittmer Ltd

Clients highlight Schellenberg Wittmer Ltd for having ‘a holistic approach also covering business aspects.‘ The group is often sought after by a variety of clients, including industry associations, from the financial services, energy, engineering, industrials, IT, life sciences and real estate sectors. It covers the full gamut of capital market matters, including OTC and exchange-traded derivatives, and the issuance of structured products. Its regulatory expertise is further noted. Department head Philippe Borens is well versed in equity as well as in debt capital market transactions. Martin Lanz also advises on stock exchange law. Olivier Favre specialises in derivatives and structured finance. Tarek Houdrouge is the key contact in Geneva. Senior associate Fabio Elsener is ‘extremely efficient.’

Practice head(s):

Philippe Borens

Other key lawyers:

Pascal Hubli; Tarek Houdrouge; Christoph Vonlanthen; Martin Lanz; Olivier Favre

Testimonials

‘Schellenberg Wittmer has an outstanding team supporting its clients with its deep capital markets knowledge. Compared to other Swiss or international law firms, Schellenberg Wittmer is always available upon short notice and the quality of their work was significantly above the industry average. Instead of only focusing on legal aspects, Schellenberg Wittmer has a holistic approach also covering business aspects which is exceptional compared to other law firms.’

‘We would like to highlight the work of Fabio Elsener which is extraordinary and it is always a great pleasure working together with him. He has exceptional knowledge in capital markets that we can highly recommend to anyone. He is also extremely efficient and it is very pleasant to work together with him. Fabio Elsener has also a deep business understanding which makes his work even more valuable for us.’

‘Philippe Borens is an outstanding lawyer with high skills in capital market matters and able to provide perfect structures meeting the client requirements.’

‘Tailor-made and pragmatic advice, solution-orientated.’

‘High responsiveness, straight to the point, commercial approach.’

Key clients

BNP Paribas (various entities in UK, Ireland, France, Germany and Switzerland)

Bank Reichmuth

AXA Life Ltd

Barclays Bank PLC

Crédit Agricole Corporate and Investment Bank (formerly Calyon)

First Quantum Minerals

Schroder & Co Bank

ams AG

Bank Vontobel

Raiffeisen Switzerland

Spice Private Equity Ltd (formerly APEN/AIG Private Equity Ltd)

Deutsche Bank

Zurich Kantonalbank, Zurich

Credit Suisse AG

UBS AG

Rapid Nutrition PLC

InRoll AG

International Swaps and Derivatives Association (ISDA)

Futures Industry Association (FIA)

Swiss Bankers Association (SBA)

China Construction Bank

Leonteq Securities AG

Standard Chartered

Helvetische Bank AG

Bauwerk Boen AG

Reuss Private Group AG

Alpiq AG

Banque Cramer & Cie SA

Mirabaud Asset Management

REYL & Cie SA

PIERER Mobility AG

Technogroup IT Services AG

OC Oerlikon Corporation AG

CargoRoll Holding

Work highlights

  • Acted as Swiss counsel to SIX-listed ams AG in connection with its all-cash takeover offer for all shares in DAX-listed OSRAM Licht AG, with the financing of the transaction secured through an acquisition bridge facility by HSBC and UBS, to be refinanced through a combination of equity and debt issuances.
  • Advised Leonteq Securities AG (Leonteq) on the drafting of its new FinSA compliant Programme for the issuance of structured products, warrants and other debt instruments.
  • Acted as counsel to the Swiss Bankers Association (SBA) for the preparation of its documentation incorporating fallbacks for LIBOR rates into derivatives transactions documented under Swiss Master Agreements for OTC Derivatives Transactions in view of the transition from LIBOR rates to alternative risk-free rates.

VISCHER

VISCHER is noted for its expertise in assisting underwriters and issuers with the listing of securities at the SIX Swiss Exchange, share listings and equity transactions in general; these often take place in the life sciences and FinTech space. Other skills also include supporting clients in dealing with a variety of bond issues, distressed bonds, public takeovers and proxy solicitations in addition to covering regulatory work. Key contacts Markus Guggenbühl and Jana Essebier are well versed in derivate instruments. Robert Bernet  deals with public takeovers of listed companies. Adrian Dörig leads the department.

Practice head(s):

Adrian Dörig

Other key lawyers:

Matthias Staehelin; Peter Kühn; Markus Guggenbühl; Jana Essebier

Key clients

PricewaterhouseCoopers AG

Elliott Advisors (UK) Limited

Credit Suisse

UBS

Kuros Biosciences AG

Helvetia

Baloise

Medartis Holding AG

Cantonal Bank of Basel

Lundbeck A/S, Valby DK

Bachem AG

Polyphor AG

RELIEF THERAPEUTICS Holding SA

Work highlights

  • Acted as Swiss legal advisor to hedge fund Elliott in relation to various matters with Swiss ends or involvements.
  • Advised Relief Therapeutics Holding SA on all its major capital markets transactions and on compliance with capital markets and stock exchange rules.
  • Supported Ridgex in setting up an Exchange Traded Commodities program and advised on DLT-related matters.

Prager Dreifuss AG

Recognised as expert issuer representatives by SIX Exchange Regulation, the team at Prager Dreifuss AG advises companies on their initial public offering (IPO) as well as listed companies on all aspects of stock exchange law. Other services include support in public and private placements, token offerings, management transactions and insider trading law. Led by Urs Bertschinger, the group is regularly instructed by issuers as well as banks and other financial service providers. Andreas Moll is also noted.

Practice head(s):

Urs Bertschinger

Other key lawyers:

Andreas Moll

Wenger Vieli Ltd

The ‘dealmakers’ at Wenger Vieli Ltd are particularly focused on equity capital markets, but also see an increase in debt-related work. Banks, companies and private equity funds as well as several start-ups approach the group for its capital market expertise. Pascal Honold is a key contact for listed companies in a range of matters and leads the practice together with IPO specialist Wolfgang Zürcher. Beat Speck handles capital market and other transactions.

Other key lawyers:

Beat Speck; Christoph Schmid

Testimonials

‘Reliable – reliable – reliable. They get things done – in time and quality. They are not arrogant, but competent and deliver to the point. Works like a Swiss clockwork.’

‘The firm has a problem-solving attitude – not a ‘let me tell you how complex the world is’ mindset. Driven, competent, broad experience, also – and that’s important for us and a bit unusual in Switzerland – quite international.’

‘Efficient work, dealmakers.’

‘Very experienced specialists.’

‘Sound knowledge and experience combined with a solution-oriented, down-to-earth approach. High professional level and standards. Good communication, open for discussions.’

Key clients

Xwiss AG

RFR Management AG

Burckhardt Compression Holding AG

Alegra Capital AG

Züblin Immobilien Holding AG

PG3

Sygnum Bank AG

Crypto Valley Zug

New Value AG

NLS Pharmaceutics Ltd.

Daimler AG

Swiss Property AG

UTC

Private Equity Holding AG

u-blox Holding AG

Work highlights

  • Advising the major shareholder Redmile Group of ADC Therapeutics on its IPO at Nasdaq.
  • Advising Sygnum Bank AG on capital markets and corporate matters.
  • Assisting Burckhardt Compression Holding AG with a defence Manual, ad hoc publicity, disclosure of shareholdings, and other capital market issues.