Switzerland

Niederer Kraft Frey acted as lead counsel to UBS Switzerland AG as mandated lead arranger & agent and the other members of the banking syndicate in connection with a refinancing for mageba group. mageba group is a leading global supplier of structural bearings, expansion joints, seismic protection devices, and structural monitoring systems for infrastructure, building, and industrial projects. Headquartered in Switzerland, mageba group operates and is represented in over 50 countries worldwide, supporting thousands of major infrastructure projects. The NKF team was led by partners Adrian Koller and Philip Spoerlé, working with junior associate Selim Tisli (all Transactions).

Niederer Kraft Frey advised CoinShares, a leading European digital asset investment firm with over USD 9.5 billion in AUM, on the listing of its physically-backed Toncoin exchange-traded product (ETP) on the SIX Swiss Exchange in Zurich. The listing of CoinShares Physical Staked Toncoin on SIX demonstrates the company’s ongoing commitment to offering investors access to digital asset markets through regulated means. CoinShares’ staked ETPs are designed to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security. They are built to allow the issuer to share staking rewards with investors by reducing the management fee and by increasing the coin entitlement of the ETP each day, as staking awards accrue. CoinShares is a leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF. The NKF team was led by Transactions partner Philip Spoerlé, working with associate Manuel Hirlinger and junior associate Matthias Schmid (both Transactions).

Niederer Kraft Frey advised Commerzbank Aktiengesellschaft and UBS Switzerland AG acting as mandated lead arrangers on Swiss law aspects of the financing of Cicor Technologies Ltd.’s acquisition of TT Electronics Plc. The transaction will be implemented by way of a UK court-sanctioned scheme of arrangement and is expected to close in the first half of 2026, subject to shareholder and regulatory approvals. The acquisition, valued at approximately CHF 303 million (GBP 287 million), will be financed through a combination of senior term debt facilities and newly issued Cicor shares. Cicor Technologies, headquartered in Switzerland, is a leading provider of electronic manufacturing services (EMS), with a strong footprint in medical technology, industrial automation, and aerospace and defense. TT Electronics, listed on the London Stock Exchange, designs and manufactures engineered electronics for performance-critical environments, with a significant presence in defense and security, transportation, energy and healthcare. The combined entity will have revenues exceeding CHF 1.2 billion, with enhanced capabilities to serve defense and high-security sectors across Europe and North America. The NKF team was led by Transactions partners Adrian Koller and Philip Spoerlé, working with associate Carlotta Ulmer (Transactions).

On October 8, 2025, Siegfried Holding AG successfully priced the offering of its CHF 300 m 1.3% bonds. Zürcher Kantonalbank and Commerzbank Aktiengesellschaft acted as managers. The bonds will be listed on the SIX Swiss Exchange. Homburger acted as counsel to Siegfried Holding AG. The Homburger team consisted of Benjamin Leisinger and Eduard De Zordi (both Capital Markets).   Contact Wanda Schweda / Marketing / [email protected]