Switzerland

CGS III (Jersey) L.P. has successfully sold 2,532,055 shares in R&S Group Holding AG (SIX: RSGN) by way of a block trade to a group of Swiss and international investors.The sold stake represented 6.8 percent of R&S Group’s share capital and 50 percent of CGS’s holding in the company. Niederer Kraft Frey represented CGS in the transaction. The NKF team was led by Capital Markets partners Philippe Weber and Deirdre Ni Annrachain, working with associate Benedikt Hadorn (Capital Markets).

Niederer Kraft Frey advised the Sonio group on the acquisition of Flow Swiss AG. Sonio AG is one of the leading providers in the field of information and communication technology (ICT) in Switzerland. With a comprehensive portfolio that includes “Digital Workspace”, “Data Management” and “Hybrid Cloud”, Sonio offers innovative and customised solutions for Swiss SMEs. Flow Swiss AG is a Zurich based and ISO 27001-certified Swiss cloud service provider, which offers premium cloud services with a focus on simplicity. The NKF team was led by Corporate/M&A partner Moritz Maurer and associate Alexander Göbel, working with junior associates Luca Heinrich and Janika Leuzinger (all Corporate/M&A), associate Sabrina Gysi (Employment), partner Clara-Ann Gordon and junior associate Nicolas Keil (both Data Protection/IP/IT), senior associate Oliver Zbinden (Real Estate) as well as associate Kevin Melchior Ebener and junior associate Camille Stucker (both Commercial).  

Sunshine SwissCo AG (a consortium led by EQT), together with ADIA and Auba Investment Pte. Ltd., have successfully placed 14,273,859 shares in Galderma Group AG at a price of CHF 75.00 per share via an accelerated bookbuilding process. The placement raised CHF 1,071 million in total.  Niederer Kraft Frey represented the banking syndicate in the transaction, consisting of Goldman Sachs, Morgan Stanley and UBS. The NKF team was led by Capital Markets partner Deirdre Ni Annrachain.  

Niederer Kraft Frey advised the Solar Impulse Foundation on its partnership with BNP Paribas. BNP Paribas Asset Management (BNPP AM) has raised EUR 150 million (USD 166 million) for its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), which is focused on investing in innovative cleantech startups with a positive environmental impact, supporting the acceleration of the ecological transition. Founded through an exclusive partnership between Bertrand Piccard’s Solar Impulse Foundation, the SFDR Article 9 fund aims to make 15-20 investments in European and North American startups, targeting sectors including the energy transition, sustainable agriculture and food, the circular economy, water and ocean management, smart cities, sustainable mobility, and industrial innovation. With a hard cap of EUR 200 million, final closing is expected by the end of 2024. The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with partner Andrea Wuerzner (Corporate/M&A and Finance) and associate Boris Catzeflis (Corporate/M&A and Technology).