Bär & Karrer Advises CEVA Logistics on its IPO, the anchor investment by CMA CGM and its migration

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CEVA Logistics, one of the world's leading
third-party logistics companies, successfully priced its IPO and listed its
shares on the SIX Swiss Exchange, where trading commenced on 4 May 2018. With a
market capitalization of CHF 1.6 billion and generating gross proceeds of CHF
821 million, this is so far considered as the largest IPO on the SIX Swiss
Exchange for 2018. In addition, CMA CGM, the third largest container shipping
group in the world, has committed to make a strategic cornerstone investment in
CEVA Logistics by purchasing CHF 379 million of mandatory convertible
securities which will convert into shares of CEVA Logistics once certain
regulatory approvals have been obtained. Simultaneously with the IPO, CEVA
Holdings, the former holding company of the CEVA group, migrated from the
Marshall Islands to Switzerland by way of a cross-border merger with CEVA Logistic
as the surviving company.

Bär & Karrer advises CEVA Logistics in
this transaction. The team includes Thomas U. Reutter, Roland Truffer,
Alexander von Jeinsen, Daniel Raun, Joanna Long, Stefanie Walch, Manuela
Cassano and Carlo Hunter (all Capital Markets), Michael Trippel, Michael Rohrer
and Valentina Eichin (Corporate), Dieter Dubs (Listed Companies) as well as
Susanne Schreiber, Hanna Jost and Ruth Bloch-Riemer (Tax).

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