Switzerland

On September 9, 2025, Givaudan Finance Europe B.V. successfully completed its issuance of EUR 500 m 2.875 per cent. Guaranteed Bonds due 2029 guaranteed by Givaudan SA. The Bonds are governed by English law and listed on Euronext Dublin. The Homburger team was led by Daniel Haeberli and included Daniel Hulmann (both Capital Markets) and Stefan Oesterhelt (Tax). Contact Wanda Schweda / Marketing / [email protected]

12 September 2025 Niederer Kraft Frey advised the former owners on the sale of Bioengineering AG, a Swiss-based specialist in the development and production of bioreactors, especially fermenters for the pharmaceutical, biotech and novel food industries, with subsidiaries in China, Korea and the USA, to the Japanese Morimatsu Group. Morimatsu is a global, diversified provider of core equipment, process systems and digital intelligence integrated plant solutions listed at the stock exchange of Hongkong with around 5’000 employees worldwide. The NKF team was led by Corporate/M&A partners Andreas Casutt and Manuel Werder, working with associates Naomi Loretz and Nadine Wanner (both Corporate/M&A).

On September 9, 2025, UBS Switzerland AG successfully completed its issuance of EUR 1 bn 2.783 per cent. Fixed Rate Covered Bonds due September 9, 2030, under its Covered Bond Programme. The Covered Bonds are governed by Swiss law and are listed on SIX Swiss Exchange. The Covered Bonds are indirectly backed by a portfolio of mortgages from UBS Switzerland AG’s domestic mortgage pool. The Homburger team was led by Stefan Kramer and Benedikt Maurenbrecher and included Daniel Hulmann, Yulia Shaburnykova and Céline Rüegg (all Capital Markets) as well as Stefan Oesterhelt (Tax). Contact Wanda Schweda / Marketing / [email protected]

11 September 2025 SMG Swiss Marketplace Group Holding AG (“SMG”), advised by Niederer Kraft Frey as lead counsel, today announced the publication of its prospectus and the start of the book-building process, as part of its intention to conduct an IPO on SIX Swiss Exchange. The Offering consists of 19,629,040 existing shares, with an over-allotment option of up to 2,944,353 existing shares. The price range for the offered shares has been set at CHF 43.00 to CHF 46.00 per share and will result in an offer size of between CHF 971 million and CHF 1 billion. Based on the offer price range, the implied market capitalisation of SMG is estimated between CHF 4.2 billion and CHF 4.5 billion. The free float is expected to fall between 20 percent and 23 percent. Founded in 2021 as a joint venture between TX Group AG (“TX”), Ringier, Mobiliar and General Atlantic, SMG is the online marketplaces leader in Switzerland. The SMG group operates well-known brands under three primary business segments: real estate (Homegate, ImmoScout24, Flatfox), automotive (AutoScout24) and general marketplaces (Ricardo, tutti.ch, anibis.ch), complemented by additional price comparison offerings in finance and insurance (FinanceScout24). The NKF team was led by Corporate/Capital Markets partners Philippe Weber, Deirdre Ní Annracháin and Andrea Giger, working with associates Manuel Hirlinger and Pascal Hodel, junior associates Nina Lötscher, Philip Theiler, Matthias Zinniker and Robin Brändli (all Corporate/Capital Markets) and further comprised partners Thomas Brönnimann (Corporate/Capital Markets), Markus Kronauer (Tax), Philip Spoerlé (Banking & Finance), Nicolas Birkhäuser (Competition) and Simon Bühler (Regulatory). Clifford Chance, led by Frankfurt-based partner George Hacket, advised SMG on international law matters.