Switzerland

On January 27, 2026, SubjectWell, Inc. announced the acquisition of Swiss-based Clariness AG and the merger of Clariness and SubjectWell to form one of the largest global, full-service patient recruitment platforms, combining global scale, scientific rigor, and patient-first design to transform clinical trial access and execution worldwide. Homburger acted as transaction counsel to the selling shareholders. The Homburger team comprised Andreas Müller, Carlo Sulser, Marco Rostetter, Anina Preusker, and Viviane Egli (all M&A), Reto Heuberger and Philippe Weber (both Tax), Luca Dal Molin and Joel Fink (both IP / IT and Healthcare / Life Sciences), and Richard Stäuber, Allegra Arnold, and Timothy Porter (all Competition).

Zurich, 28 January 2026 Bär & Karrer legally advised BNP Paribas REIM, acting on behalf of one of its managed funds, on the successful sale of two investment properties in prime city locations in Basel and St. Gallen to two institutional investors. Julius Bär Real Estate acted as BNP's exclusive sell-side advisor. Bär & Karrer acted as legal advisor to BNP Paribas for the sale and assisted the seller, particularly during the NBO and BO phases and throughout the contractual negotiations, as well as in connection with lease/tenancy, construction law, and tax matters. The team was led by Rocco Rigozzi (Real Estate) and included Corina Moschen and Hannah Birchmeier (both Real Estate), as well as Cyrill Diefenbacher, Alessia Grieder, and Sandro Berchtold (all Tax). For further information please contact: Media Relations, Eric Stupp Tel: +41 58 261 50 00 Email: [email protected]  

Niederer Kraft Frey is acting as counsel to EFG International on the acquisition of 100 percent of Quilvest (Switzerland) Ltd, a pure-play Swiss private bank with an established footprint in Latin America, strong focus on ultra-high net worth individuals (UHNWI) and a long-standing and successful track record in advising on private market investments. The closing of the transaction is expected in the third quarter of 2026 and subject to regulatory approval. Quilvest Switzerland was founded in 1932 by the Argentinian Bemberg family and is fully owned by Bemberg Capital, a Luxemburg-based holding of the family. The bank is headquartered in Zurich and has an established presence in Montevideo, Uruguay. It has approximately CHF 5.3 billion of client assets, of which CHF 3.9 billion are Assets under Management and CHF 1.4 billion Assets under Custody. Its business focuses on serving UHNWIs domiciled in Latin America, Western Europe including Switzerland and the Middle East. UHNW and HNW clients account for more than 90% of total AuM. The NKF team was co-led by Corporate/M&A partners Philippe Weber and Thomas Brönnimann, working with associate Manuel Hirlinger and junior associate Sandja Kozina (both Corporate/M&A), counsel Yannick Wettstein and senior associate Florian Steiner (both Regulatory), and associates Luisa Egli and Stephanie Huchler (both Employment).

JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced on 12 December 2025 that a share purchase agreement was signed between JCDecaux SE and NZZ, under which JCDecaux SE will sell 325,519 APG|SGA's shares, corresponding to 10.85% of the share capital of APG|SGA. The completion of this transaction requires, among other things, the introduction of a selective opting-up provision in the articles of incorporation of APG|SGA. At extraordinary general meeting held on 23 January 2026, the shareholders of APG|SGA approved the introduction of an opting-up provision, which ensures that the completion of the share purchase does not trigger a mandatory offer by NZZ. In its decision dated 12 December 2025, the Swiss Takeover Board has approved the introduction of the proposed selective opting up clause. All this establishes the statutory conditions for the completion of the transaction. Subject to antitrust approvals, the completion of the sale is expected to take place in Q2 2026. Upon completion of this transaction, JCDecaux's stake in APG|SGA will be reduced to around 5.6%. Bär & Karrer acted as legal advisor to JCDecaux SE on this transaction. The team included Dieter Dubs and Linus Zweifel (both Public M&A).