Bär & Karrer Advises Valora on its Rights Offering

Bär & Karrer Ltd. | View firm profile

Valora Holding AG completed a capital
increase raising net proceeds of approximately CHF 166 million. The capital
increase was executed as an "at market" rights offering. The offer
price for the new shares was determined following a bookbuilding process for
the shares not taken up by existing shareholders. Valora will use the proceeds
from the capital increase to refinance its recent acquisition of BackWerk, to
finance the expansion of production capacities, to refinance existing capital
market instruments and for general corporate purposes. Credit Suisse and J.P.
Morgan acted as Joint Global Coordinators and Joint Bookrunners.

Bär & Karrer advised Valora in this
transaction. The team included Thomas U. Reutter, Daniel Raun, Alexander von
Jeinsen, Sandro Fehlmann and Stefanie Walch (all Capital Markets) as well as
Susanne Schreiber and Cyrill Diefenbacher (Tax).

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