Switzerland

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]

On October 6, 2025, Sonova Holding AG issued CHF 150 m bonds. Zürcher Kantonalbank and Deutsche Bank AG Zurich Branch acted as managers. The bonds are listed on the SIX Swiss Exchange. Homburger acted as counsel to Sonova Holding AG. The Homburger team consisted of Jürg Frick and Eduard De Zordi (both Capital Markets). Contact Wanda Schweda / Marketing / [email protected]

Homburger acted as counsel to Metall Zug AG in respect of a new CHF 220 m syndicated, mortgage-backed revolving credit facility arranged by Zürcher Kantonalbank for the financing of investments in real estate developments on a former industrial site in Northern Zug, the so-called Tech Cluster Zug. Metall Zug AG is a holding company with a diversified portfolio of three directly controlled business units and strategic investments in Swiss small-cap industrial companies. Metall Zug is headquartered in Zug and employs around 1,000 people worldwide. Homburger advised Metall Zug AG with regard to all Swiss legal aspects of the financing transaction. The Homburger team was led by Stefan Bindschedler (Financing) and further included Claude Lambert (Corporate / M&A), Sarah Fasel (Financing) and Daniel Junginger (Financing, Real Estate) as well as Stefan Oesterhelt (Tax).   Contact Wanda Schweda / Marketing / [email protected]