Bär & Karrer is pleased to announce that it further strengthens the firm with the arrival of Raoul Stocker, who has rejoined Bär & Karrer as partner of 1 June 2020.
Bär & Karrer Advised Coty Inc. on its Sale of a 60% Interest in its Professional and Retail Hair Business
Coty Inc. and KKR have entered into a strategic transaction for Coty Inc.’s Professional and Retail Hair business, including the Wella, Clairol, OPI and ghd brands, valuing the businesses at USD 4.3 billion on a cash- and debt-free basis. KKR will own 60% of this separately managed entity and Coty Inc. will own the remaining …
Swiss Federal Railways SBB has sold a 35% stake in SBB Cargo AG to Swiss Combi AG, a joint venture of Swiss logistics service providers. SBB Cargo is Switzerland’s leading rail freight transport company.
Bär & Karrer advised the initial purchasers in a USD 675 million offering of 13% Senior Secured Notes issued by the Viking Cruise Group. Viking, one of the world’s leading providers of destination-focused travel experiences, is the largest operator of river cruises in Europe, Russia and China, for North American passengers, and offers ocean, lake …
The founders of the zahnarztzentrum.ch Group entered into a share purchase agreement with Medbase, a subisidiary of Migros, regarding the sale of a majority stake of the zahnarztzentrum.ch Group. The transaction is subject to approval by the Swiss merger control authorities.
The shareholder of Odlo, owned by private equity funds advised by Herkules Capital, has completed the sale of Swiss-based ODLO International AG and its subsidiaries to Monte Rosa Sports Holding AG. Odlo produces premium performance sportswear for year-round active individuals. The brand is distributed in more than 35 countries worldwide.
The shareholders of Swissbit entered into a share purchase agreement with Ardian regarding the sale of the Swissbit group. Swissbit is a global leader and the only independent European provider of NAND-flash based storage and embedded Internet of Things (IoT) solutions. The transaction is subject to approval by antitrust authorities.
EQT portfolio company Open Systems AG, a secure access service edge (SASE) pioneer, has acquired Born In The Cloud Inc. from its founders. BITC is an US-based leading Microsoft Azure Sentinel cyber security expert complementing Open Systems’ Managed Detection & Response (MDR) offering.
Saint-Gobain’s subsidiary Schenker-Winkler Holding AG (“SWH”) successfully sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process (“ABB”).
Appway AG, its shareholders and Summit Partners, a global alternative investment firm, entered into an investment and share purchase agreement regarding a USD 37 million minority investment in Appway by Summit. Appway is a Swiss-based leading global provider of business process automation software focused on customer onboarding and customer lifecycle management for financial institutions.