Switzerland

Bitwise, a U.S.-based global crypto investment firm with over USD 15 billion in assets under management, acquired Chorus One AG from its shareholders. Chorus One AG is one of the global leading infrastructure providers for staking services on decentralized networks. Bär & Karrer acted as Swiss legal advisor to Bitwise in this transaction. The team was co-led by Christoph Neeracher and Luca Jagmetti and further included Li Wei Dutler and Dennis Loki (all M&A) Susanne Schreiber and Fabian Capt (both Tax), Daniel Flühmann and Christina Werren (both Banking / Regulatory), Christian Kunz and Ferdinand Rombach (both Digital Technology), Laura Widmer and Sandra Schaffner (both Employment) as well as Julia Stempfel (Regulatory). For further information please contact: Media Relations, Eric Stupp Tel: +41 58 261 50 00 Email: [email protected]   Bär & Karrer is a leading Swiss law firm with more than 200 lawyers, providing customized legal advice in complex transactions and litigation. Clients range from multinational corporations to private individuals in Switzerland and abroad. Bär & Karrer is present with offices in all main language regions in Switzerland and operates globally via an international network of leading law firms. For further information please visit baerkarrer.ch.

On March 2, 2026, Novartis AG (SIX: NOVN / NYSE: NVS), acting through one of its wholly-owned indirect subsidiaries, completed the acquisition of Avidity Biosciences, Inc. (NASDAQ: RNAM), pursuant to the terms of the merger agreement for a total value of approximately USD 12 bn. Homburger advised Novartis AG and its subsidiaries with respect to all Swiss law aspects of the acquisition of Avidity Biosciences, Inc. The Homburger team was led by Frank Gerhard (Corporate / M&A) and Benjamin Leisinger (Capital Markets) and included Stefan Bindschedler (Financing), Olivier Baum (Capital Markets, Corporate / M&A) as well as Timo Hasler (Corporate / M&A). Contact Wanda Schweda / Marketing / [email protected]

On March 10, 2026, a consortium led by EQT, consisting of Sunshine SwissCo GmbH, the Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. (all acting as the Sellers), announced the launch of an accelerated bookbuilding process to professional investors in Switzerland and to qualified investors outside Switzerland, which led to the successful placement of ca. 34 m shares in Galderma Group AG corresponding to ca. 14.3% of its share capital at a price of CHF 143.75 per share (the Placement), raising ca. CHF 4.9 bn in total. Following the Placement, the Selling Shareholders have fully exited their investment in Galderma. The Placement thus marks the conclusion of a journey that began with the Selling Shareholders’ acquisition of Galderma in 2019, followed by the Company’s landmark 2024 IPO on SIX Swiss Exchange and continued through a series of successful post IPO sell downs in 2024, 2025 and 2026. Thus, including the IPO, the seven sell-downs in the market by way of accelerated bookbuildings and the two transactions with L’Oréal, the Selling Shareholders have sold Galderma shares for a total amount of ca. CHF 19 bn. As communicated by Galderma on December 8, 2025 in the context of the increased equity investment from L’Oréal, the board members representing the consortium led by EQT will not stand for re-election at the 2026 Annual General Meeting. The Placement is expected to be settled on March 13, 2026. Citigroup Global Markets Limited, Goldman Sachs International, Jefferies GmbH, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and UBS AG are acting as Joint Global Coordinators and Joint Bookrunners in the Placement. Homburger acted as transaction counsel to EQT. The Homburger team was led by Frank Gerhard and Margrit Marti and included Estelle Piccard and Luca Yousef (all Corporate / M&A, Capital Markets). Contact Wanda Schweda / Marketing / [email protected]

On March 6, 2026, Roche Holding AG, Roche Holdings, Inc. and Roche Finanz AG entered into a Swiss law governed USD 7.5 bn revolving credit facility agreement arranged by and syndicated among twelve international banks, coordinated by Deutsche Bank. The Homburger team was led by Jürg Frick and Stefan Bindschedler and included Samuel Fäh and Yulia Shaburnykova (all Financing, Investment Products) as well as Stefan Oesterhelt (Tax).   Contact Wanda Schweda / Marketing / [email protected]