Bär & Karrer Ltd. > Zurich, Switzerland > Firm Profile
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Bär & Karrer Ltd. > The Legal 500 Rankings
Switzerland > Banking and finance: Zurich Tier 1Bär & Karrer Ltd.‘s strong banking and finance practice is regularly sought after by major Swiss banks, Swiss affiliates of foreign banks and financial institutions. The team is active in the regulatory space, where it advises clients on the establishment of operations, fintech, regulatory enforcement proceedings, and US investigations. Furthermore, the practice has also expertise in representing lenders and borrowers in debt financings, leveraged and syndicated deals, as well as acquisition, real estate, and project finance, among others. The prominent practitioners are Eric Stupp, Ralph Malacrida, Peter Hsu, Andreas Länzlinger, and Daniel Flühmann.
Other key lawyers:
‘Bär & Karrer’s banking and finance team offers legal expertise and knowledge in a unique form. This covers civil, penal, and administrative law both in Switzerland and abroad. They have human and digital resources that enable them to analyse large cases with huge amounts of data and files in a short time. They focus on the economically ideal solution and an efficient, cost-effective process.’
‘We have achieved outstanding results with Andreas Länzlinger and Pascal Hachem. Andreas Länzlinger brought his many years of international experience in dealing with financial markets and banking issues and Pascal Hachem efficiently managed the large team of associates and paralegals who helped to analyse the files with the highest legal precision.’
‘Very professional, fast, reliable.’
‘Ralph Malacrida: intelligent, excellent knowledge, good sparring partner.’
‘Eric Stupp couples first-rate experience and expertise with a pragmatic approach to addressing issues and a keen ability to navigate often conflicting legal regimes which is a critical skill in cross-border matters. On top of all of this, Eric is a great strategic thinker and fosters a strong collaborative approach where the only goal is to deliver a superior legal product to the clients in pursuit of the client’s interests. He is my go-to person in Switzerland.’
Rothschild Bank AG
Cembra Money Bank AG
Bank Cler (former Bank Coop)
Gazprombank (Switzerland) Ltd.
Morgan Stanley International, London, Zurich Branch
Rothschild Bank AG
Cembra Money Bank AG
Bank Cler (former Bank Coop)
Gazprombank (Switzerland) Ltd.
Morgan Stanley International, London, Zurich Branch
- Acting as legal adviser to Diem Association in its pursuit to build a global payment system based on the Diem blockchain.
- Advised SIG Combibloc Group on a refinancing with new sustainability-linked loan facilities and new senior notes.
- Acted as legal advisor to Deutsche Börse Group on the acquisition of a majority stake in Crypto Finance AG
Switzerland > Commercial, corporate and M&A Tier 1Bär & Karrer Ltd. is appreciated for offering a ‘combination of legal skills with a business mindset.’ With Christoph Neeracher, Philippe Seiler and Raphael Annasohn, the firm can showcase a ‘powerhouse team‘ with strong experience in private M&A and private equity deals. Rolf Watter, Mariel Hoch and Dieter Dubs are specialists in public transactions. The practice is particularly well versed in the life sciences and pharmaceutical, real estate and financial services sectors. Luca Jagmetti is the key contact for transport and logistic clients. Thomas Rohde advises on restructurings. Martin Anderson is the name to note in Geneva.
Other key lawyers:
‘They always find solutions. Combination of legal skills with business mindset.’
‘Very professional and knowledgeable, business sense, proactive, put client interests first, always available and supportive.’
‘Christopher Neeracher stands out, among others, because he has great experience, is transaction-minded and is always focused on resolving issues.’
‘The team is dynamic and very commercial, understanding the needs of the client and allowing us to cut through issues to understand the path forward. They are always available, approachable and feel like an extension of our in-house team.’
‘Mariel Hoch has provided high-quality advice in a practical, commercial manner that takes account of the needs of her clients. She constantly puts the needs of the clients first and understands that trust is key to the relationship. Mariel is available and approachable and cool and calm in high-pressure negotiations. It has been a pleasure to work with her.’
‘Due to Christoph Neeracher’s vast experience in contract and corporate matters, he is very efficient and do not produce unnecessary work products and always keeps the overall project in mind and anticipate the next steps. Further, the team ensures the fullest availability around the clock.’
‘Go-to firm in Switzerland for M&A, both public and private.’
‘Christoph Neeracher, Raphael Annasohn and Philippe Seiler are a powerhouse. If you like their style they will drive your team and the other side to get the deal done.’
Waterland Private Equity
Sage Group plc
Lindt & Sprüngli
- Assisted Triton Fund V with the signing of an agreement to acquire Swiss IT Security Group, a leading cybersecurity services provider in the DACH and Benelux regions, from Ufenau Capital Partners.
- Advised The EQT Infrastructure II fund on the sale of Unilode Aviation Solutions to Basalt Infrastructure Partners.
- Advised Clearstream (a Deutsche Börse Group company) on its acquisition of Fondcenter AG, UBS’s fund distribution platform, from UBS in two separate transactions.
Switzerland > Dispute resolution: arbitration Tier 1Demonstrating ‘a collaborative attitude’ and ‘an excellent perspective’, Bär & Karrer Ltd.’s practice fields team members who act as counsel and arbitrators in ad hoc and institutional arbitration proceedings governed by Swiss and foreign law. The group has expertise across a broad range of arbitration mandates with notable knowledge of post-M&A disputes, sports-related work and construction, claims alongside experience in the Middle East. Pierre-Yves Gunter and Daniel Hochstrasser co-head the team from Geneva and Zurich respectively. Other key names include Cesare Jermini, who regularly acts as party counsel before state courts and the federal tribunal; Nadja Jaisli Kull, who excels in the banking, pharmaceuticals and transport industries; Alexandra Johnson and litigation group head Matthew Reiter.
Other key lawyers:
‘Nadja Jaisli Kull (Partner): provided exceptional support in dispute resolution, very reliable, to the point, down-to-earth and realistic, we felt exceptionally well represented.’
‘Comparing to other firms, Bar Karrer’s partners are heavily engaged in their cases and in very close contact with the clients. They are very hands on and in control of the process and do not let juniors run the show, which helps greatly in winning cases and the clients feeling they get what they pay for. My experience with Bar Karrer has been that the partners are extremely knowledgeable, experienced and smart and able to serve client’s needs and handle even complex disputes.’
‘Matthew Reiter is an outstanding litigation and arbitration specialist with a rare talent to be able to examine the dispute from the perspective of the business as well as the legal consequences. He has a unique talent to address the questions and concerns of the clients. He has great advocacy and pleading skills, and focuses on main points, making his arguments win as he does not allow his winning points to get lost with long and irrelevant submissions. Matthew is very hands on, in control of the case and dedicates the required time that the case and client needs and expects.’
‘We were very pleased with the collaborative attitude and effort B&K demonstrated in representing us in a Swiss proceeding applying law of another jurisdiction. Because the law of the other jurisdiction governed, we used two firms and B&K worked seamlessly with the other firm.’
‘Matthew Reiter is excellent. He’s pragmatic, readily available and very smart. He understands Swiss arbitration very well.’
‘Well positioned for high value, high quality arbitration work. Uses small, highly qualified and very experienced teams, drawing on resources in other countries where required. The experience that team members have not only from acting as counsel in arbitrations but also from acting as arbitrators gives them an excellent perspective when it comes to advising clients how best top present their arguments before tribunals.’
‘Pierre Yves-Gunter – partner. A practitioner and arbitrator of enormous and wide-ranging experience. Intellectually of high calibre, tactically very astute and is very familiar with all the leading arbitrators and their approach to deciding cases. This enables the client’s case to be pitched in the optimum manner. Projects real gravitas in hearings and tribunals listen to him. Forever thinking out of the box.’
‘Alexandra Johnson – partner. Very bright. Also benefits from her experience of sitting as arbitrator. Superb at putting together powerful submissions. A real pleasure to work with.’
National Iranian Gas Company (NIGC)
- Acting as co-counsel for the respondent in a multi-billion dollar ICC Arbitration case between Turkmengas (Claimant) and NIGC (Respondent) arising from a gas supply contract and relating to outstanding payments (claim) and a damage claim relating to the quantity and quality of gas delivered (counterclaim).
- Representing a Turkish subsidiary of Huntsman Corp. in an arbitration relating to an equity joint venture in Turkey.
Switzerland > Dispute resolution: litigation Tier 1With ‘a first-rate mentality, quality and reliability’, Bär & Karrer Ltd. handles a broad range of complex, high-profile international disputes, leveraging the foreign law expertise of several of its team members. The group also has bases in Zurich, Zug, Geneva and Lugano, covering all the Swiss language regions and allowing for full coverage of the local jurisdictions. The practice particularly stands out for its M&A, IT and IP litigation experience with additional sector-based expertise in the pharmaceuticals, energy, financial services, technology, sport and transportation industries. Matthew Reiter heads up the department from Zurich, which is also the base for Daniel Hochstrasser, Andreas Länzlinger (who leads the internal investigations practice), Nadja Jaisli Kull and newly promoted partner Cinzia Catelli. White-collar crime specialists Saverio Lembo and Andrew Garbarski and head of the civil litigation team Aurélie Conrad Hari are based in Geneva, while Cesare Jermini is a key name in Lugano.
Other key lawyers:
‘Very experienced litigators, always very polite, responsive and available, proactively consider new and innovative approaches to complex legal issues.’
‘Andrew Garbarski consistently delivers high quality work product while always being available and responsive at short notice. His explanations are clear even when explaining complex legal issues in a language that is not his first.’
‘First-rate mentality, quality and reliability.’
‘We were very happy with the team’s performance in a very complex cross border litigation. The team worked efficiently and communicated timely on the case.’
‘I would recommend Andrew Garbarski at any time. I was very happy with how he advised us in a very professional and efficient manner.’
‘Calm, clear high quality advice often as a matter of urgency and a willingness to collaborate with the client. Happy to engage on billing so it was transparent and agreed in advance so there were no surprises.’
EnBW Energie Baden-Württemberg
Mobiliar Versicherungsgesellschaft AG
- Representing Sotheby’s in a huge dispute in an alleged fraud case relating to a sale of various artworks for an amount in excess of $2bn.
- Representing EnBW Energie Baden Württemberg in a post-acquisition dispute which concerns the valuation of an industrial company (Thermoselect AG) according to the terms of a share purchase agreement.
Switzerland > Employment Tier 1With offices in Zurich, Geneva, Lugano and Zug, Bär & Karrer Ltd. offers good geographical coverage. The team of ‘top legal experts across several domains‘ is headed by ‘stand-out‘ Laura Widmer and Thomas Stoltz and is adept at advising on the employment aspects of M&A and private equity transactions, management incentive schemes as well as on the restructuring and wind-down of companies, including issues relating to mass dismissals and social plans. The unit further has a strong practice in migration, residency and work permits matters and assists clients in all employment related disputes. Andrea Gamba left the firm in November 2020.
‘Knowledgeable, service-minded, constructive, good knowledge of market practice.’
‘In addition to being top legal experts across several domains it is the sense of partnership, understanding of the big picture as well as attention to detail that really make them stand out.’
‘These individuals have demonstrated a deep knowledge as well as network within the Swiss ecosystem as well as a great understanding of the complexities of working and navigating business in an international environment. The individuals that stand out are, among others, Laura Widmer and Thomas Stoltz.’
‘The team I deal with really understand the business and the commercial imperatives we work with. They always look to provide the best commercial, practical and cost-effective solutions to the employee issues in question.’
‘I have worked specifically with Laura Widmer among others. They have excellent knowledge well applied in practice to our situations, they are super quick in response, friendly and approachable and great to work with!’
‘They were always available online. The expertise is very great due to the many professionals.’
‘Always calm and we always found a solution. The calmness and composure is very helpful, especially in stressful situations.’
‘The team is obviously (as it should) experienced and provided helpful steer. Collaboration was very smooth.’
Avaloq and Warburg Pincus
Rubicon Technology Partners
- Advised Equistone on the acquisition of Franke Water Systems AG.
- Advised Avaloq and Warburg Pincus regarding the sale of Avaloq to NEC.
- Advised Deutsche Börse AG on the acquisition of a majority stake in Crypto Finance AG.
Switzerland > Fintech Tier 1Bär & Karrer Ltd. acts for a wide range of clients, from start-ups to established financial companies and service providers as well as investors, on all legal and regulatory issues relating to fintech, including fintech-focused transactions. Typical work includes assistance with regulatory proceedings with authorities as well as advice on the establishing of electronic payment services, electronic money solutions, digital assets, crypto currencies, as well as advice on online platforms for bond issuance and consumer loans. The ‘exceptional‘ Eric Stupp and Daniel Flühmann head the ‘responsive, progressive and very knowledgeable‘ team and are experienced in advising on internal investigations on cross-border issues and on the legal framework for applications of blockchain technology respectively. Gadi Winter and Peter Hsu are further key contacts.
Other key lawyers:
‘This practice was exceptional in the knowledge and capability provided and the passion, drive and responsiveness to the client. Their knowledge of the industry and regulatory requirements was extremely good and they were able to truly get to grips with the underlying technology and to ensure that was mapped to the regulatory and legal environment.’
‘Eric Stupp and Gadi Winter were exceptional in their proactiveness, responsiveness, guidance, drive and passion. Their counsel was strong and of very high quality and they really got to grips with our project. They were able to deploy appropriate experts as required in support and coordinated the input to ensure a consistent interaction with B&K.’
‘The B&K fintech team are energetic, responsive, progressive and very knowledgeable. I always enjoy working with them.’
‘Peter Hsu is the very experienced senior partner of the team, with Daniel Flühmann providing some genuine insight and expertise in the sector.’
‘Great service and counselling by Rolf Watter and his team.’
‘Rolf Watter is an outstanding and senior lawyer. Always very much focused in achieving a solution that is best for us and not shy to take up a fight on our behalf and go the extra mile.’
Diem Association (formerly Libra)
Novi Financial, Inc. (formerly Calibra)
B3i Services AG
Deutsche Börse AG
- Acted as legal adviser to Diem Association in its pursuit to build a global DLT-based payment system.
- Advised Deutsche Börse on the acquisition of a majority stake in Crypto Finance, a Swiss-based regulated financial group active in the digital assets space.
- Advised Valyo on an innovative capital market platform.
Switzerland > Healthcare and life sciences Tier 1Bär & Karrer Ltd. is a go-to counsel for Swiss and foreign life sciences companies, public and private institutions and subsidiaries of international groups, including hospitals, care homes and clinics. The group covers private and public M&A and capital markets transactions, patent litigation and other disputes. Internal investigations in the pharmaceutical industry are also handled. Markus Schott is a specialist in regulatory questions, while Markus Wang covers IP-law, R&D and marketing/distribution. Philippe Seiler is a key contact for transactions.
Other key lawyers:
Philippe Seiler; Raphael Wyss
‘Strong collaboration between the specialists in-house, but also between the offices located in the different language territories.’
‘Markus Wang demonstrates a very practice-oriented, hands-on and pragmatic way of thinking when it comes to finding solutions to the healthcare sector and its regulations. He has a deep understanding of the pharmaceutical market and its characteristics.’
‘Markus Schott manages to keep an overview of complex contractual constructions and at the same time does not lose sight of the essential aspects of life science regulations. He is passionate about his clients’ concerns and shows persistence in dealing with authorities until a positive outcome is found in the matter.’
Vir Biotech/Humabs Biomed
Galderma Skin Health S.A
Colosseum Dental Group
- Successfully represented Sandoz in appeal proceedings before the Federal Administrative Tribunal.
- Successfully represented Glenmark in patent litigation in Switzerland against Boehringer Ingelheim concerning the blockbuster product Spiriva before the Swiss Federal Patent Court and in appeal proceedings before the Swiss Federal Supreme Court.
- Acted as legal advisor to Vifor Pharma on the sale of its OM Pharma business to Optimus Holding Ltd.
Switzerland > Leading firms: German-speaking Switzerland Tier 1Bär & Karrer Ltd. is well respected for its full-service offering across the board with banking, capital markets and insurance as well as corporate, M&A, real estate and dispute resolution particular strengths. Christoph Neeracher, Mariel Hoch, Rolf Watter, Ralph Malacrida, Corrado Rampini and Susanne Schreiber cover all facets of M&A transactions, including venture capital and real estate transactions as well as the corresponding tax aspects. Banking, finance and insurance issues are handles by Peter Hsu and Eric Stupp. Private client specialist Tina Wüstemann and litigation and arbitration expert Andreas Länzlinger are also noted. Daniel Bader has profound knowledge of tax matters while Michele Bernasconi is a sports law specialist.
Other key lawyers:
Bank J. Safra
Swiss Prime Site
Peugeot Société Anonyme (PSA)/Fiat Chrysler Automobiles N.V. (FCA)
Swiss International Airlines
- Acted as lead counsel to Lonza on the complex carve-out as well as the subsequent sale of Lonza’s Specialty Ingredients business.
- Advised Triton Fund V on the acquisition of Swiss IT Security Group from Ufenau Capital Partners.
- Advised Lupa Systems on the transaction and was responsible for proposing the structure which led to Lupa Systems, a company controlled by James Murdoch, to acquire 32.3% in MCH Group, the company that owns inter alia the Art Basel Art Fair.
Switzerland > Leading firms: Italian-speaking Switzerland Tier 1Bär & Karrer Ltd.’s Italian-Swiss hub in Lugano has ‘very strong capabilities both on legal and on tax matters’ regarding, among others, banking and finance, corporate and M&A, real estate and dispute resolution. Paolo Bottini is noted for his ‘remarkable knowledge of Swiss tax matters’ which he puts to use for international corporate and banking clients when assisting them in setting up international headquarters in Switzerland. ‘Very good negotiator and mediator’ Cesare Jermini represents clients in national and international judicial and arbitral proceedings. Massimo Vanotti focuses on corporate, commercial and banking law and has ‘very good knowledge of notarial work’.
Other key lawyers:
‘Bar & Karrer (both Zurich and Lugano) are one of the few firms in Switzerland that join very strong capabilities both on legal and on tax matters with very good reputation and respectability. They are able to deal very well with international clients.’
‘Paolo Bottini: Remarkable knowledge of Swiss tax matters and ability to manage very complex cases. Massimo Vanotti: Very good knowledge of notarial work and ability to meet single clients’ needs also if they go beyond strictly technical matters. Cesare Jelmini: Very good negotiator and mediator.’
Helsinn Holding AG
Interroll Holding AG
- Advised BancaStato on the acquisition of Ticino-based retail business lines from EFG International.
- Advised xFarm on A and B financing rounds.
Switzerland > Private client Tier 1‘Go-to firm‘ Bär & Karrer Ltd. offers ‘excellent service‘ for high-net-worth und ultra-high-net-worth individuals, their families, family offices and trusts, and is ‘able to deal very well with international clients‘. The ‘outstanding‘ team has ‘very strong capabilities both on legal and on tax matters‘ in relation to any issues a private client may face, such as domestic and cross-border wealth and succession planning, international marital agreements, international migration, customs, employment, inheritance and trust matters, including related litigation. Practice head Tina Wüstemann is ‘one of the best international lawyers in complex matrimonial arrangements‘. The ‘excellent lawyers‘ Daniel Leu, Daniel Bader, Ruth Bloch-Riemer and Aurélie Conrad Hari are further key contacts.
Other key lawyers:
‘Excellent service. Outstanding team. Always on top of the market. Bär and Karrer is the ‘go-to’ firm in Switzerland.’
‘We have been working with Tina Wüstemann, Daniel Bader and Aurélie Conrad. The team is always available and on top of all matters. We do not hesitate to contact Bär & Karrer as the go-to law firm in Switzerland.’
‘Daniel Bader is really user-friendly, commercial and a superb cross-border tax lawyer.’
‘Bär & Karrer (both Zurich and Lugano) are one of the few firms in Switzerland that join very strong capabilities both on legal and on tax matters with very good reputation and respectability. They are able to deal very well with international clients.’
‘Tina Wüstemann is very skilled with trusts and international estates. Daniel Leu is the new leading partner on the inheritance law side and is extremely responsive and knowledgeable. Very client-oriented.’
‘Tina Wüstemann, Daniel Bader and Daniel Leu are highly skilled, very experienced, excellent lawyers. Tina Wüstemann is one of the top trusts and estates litigators in Switzerland, with extensive experience in the largest and most complex international trust disputes. She has excellent judgement and strategic litigation skills. She is a delightful person to work with and I never would want her as an opponent.’
‘Daniel Bader is a top private client lawyer with deep expertise in cross-border planning. Daniel Leu is a trust litigator with whom we are working closely and are very impressed.’
‘Ruth Bloch-Riemer is very capable on banking and financial products.’
Switzerland > Public law Tier 1Bär & Karrer Ltd. advises public authorities, officials and entities as well as private companies and public-private partnerships on all regulatory issues, transactional matters as well as investigations and administrative proceedings. The practice includes issues relating to constitutional and administrative law, public procurement, infrastructure and concessions, sanctions, governmental liability, public levies and public financing. Practice head Markus Schott has a specialisation in administrative litigation proceedings where he regularly appears before cantonal and federal courts as well as before the Swiss Supreme Court. Clients appreciate the ‘competent, dedicated‘ team that is ‘able to deal with emergencies and unforeseen events within very tight deadlines‘.
‘The individuals we work with are competent, dedicated, pleasant, available and able to deal with emergencies and unforeseen events within very tight deadlines. They know us and our needs. There is real trust.’
Republic and Canton of Geneva
DAS ZELT AG
- Represented DAS ZELT AG in constitutional appeal proceedings before the cantonal court of appeals regarding the payment of damages by the Canton of Basel-Stadt to compensate for the financial losses incurred in connection with the government measures to combat the Corona pandemic.
Switzerland > Real estate and construction Tier 1Bär & Karrer Ltd. advises on all types of real estate transactions, including capital market transactions such as initial public offerings and capital increases. A further speciality of the practice are restructurings of real estate holdings, in particular with regard to tax-neutrality and tax-efficiency. The versatile practice head Corrado Rampini acts for both lenders and borrowers in financings of real estate portfolios in addition to shouldering a hefty transactional caseload. Ralph Malacrida, Lukas Roesler and Daniel Bader are the key contacts in the Zurich office for M&A and corporate finance transactions, banking and finance as well as tax issues related to real estate matters. In Lugano, banking law specialist Massimo Vanotti is the key contact. Bar & Karrer Ltd. advises on all types of real estate transactions, including capital market transactions such as initial public offerings and capital increases. A further speciality of the practice are restructurings of real estate holdings, in particular with regard to tax-neutrality and tax-efficiency. The versatile practice head Corrado Rampini acts for both lenders and borrowers in financings of real estate portfolios in addition to shouldering a hefty transactional caseload. Ralph Malacrida, Lukas Roesler and Daniel Bader are the key contacts in the Zurich office for M&A and corporate finance transactions, banking and finance as well as tax issues related to real estate matters. In Lugano, banking law specialist Massimo Vanotti is the key contact.
Other key lawyers:
PSP Swiss Property
Swiss Prime Site
- Advised PSP Swiss Property on the acquisition of three commercial buildings in the CBD of Geneva for CHF295m (plus transaction costs).
- Advised Migros-Genossenschafts-Bund on the sale of the Shopping Center Glatt, one of Switzerland’s largest and most popular shopping centers, for a purchase price above CHF1bn.
- Advised Huntsman on a sale-and-lease-back transaction regarding the European headquarters of its Advanced Materials Division in Basel.
Switzerland > Regulatory, compliance and investigations Tier 1Clients from the banking, insurance, pharmaceutical, technology, manufacturing and infrastructure regularly seek out Bär & Karrer Ltd. for its broad expertise in corporate governance, compliance organisation and processes and regulatory queries. The team is particularly strong in white-collar crime matters and conducting internal investigations. Practice co-head Andreas Länzlinger combines experience in dispute resolution, compliance and investigations. Co-head Eric Stupp has know-how in dealing with financial services clients. Geneva-based duo Saverio Lembo and Andrew Garbarski are key contacts for white-collar matters.
Other key lawyers:
- Advised Swiss Life together with the US co-counsel in connection with the inquiry of the US Department of Justice regarding its past cross-border insurance wrapper business for wealthy US persons.
Switzerland > Sports law Tier 1The team at Bär & Karrer Ltd. is well versed in acting in a variety of sports cases, including litigation, mediation and arbitration matters. The group acts for prominent sports organizations, associations and individuals, advising them on contracts, regulatory compliance and brand protection. The practice is also active for broadcasters in rights, regulatory and contractual issues. ‘One of the most experienced sports law arbitrators‘ Michele Bernasconi, who also represents parties in disputes, leads the practice with Jan Kleiner who is skilled in media, entertainment and data protection law and ‘combines a fierce work ethic with profound knowledge of the law.’ Associate Lukas Stocker specialises in football regulatory matters, equestrian sports and swimming.
Other key lawyers:
‘The team of Bar & Karrer is a strong team, knowing exactly what the client is after, does not waste time and is able to handle any difficulties in a very professional way. They were very organised, and the most important is that they are to the point. Jan Kleiner is a unique and smart lawyer, who would make any client comfortable and share all details with him, knowing that they can rely on him.’
‘Jan Kleiner is a very trustworthy, smart and professional lawyer. His work has not only met, but exceeded our expectations. He is a dedicated person, provided all needed legal advice, prepared us for the outcome in a professional way. He was very organised and we were sure that he fully understand the case. He paid enough time to the case and was fully aware of risks which he highlighted to us.’
‘Michele Bernasconi is diligent, a pleasure to work with, very well connected, and trusted implicitly by his clients.’
‘Jan Kleiner combines a fierce work ethic with profound knowledge of the law and a friendly demeanour.’
‘I believe that Bar & Karrer is absolutely top.’
‘Michele Bernasconi is one of the most experienced sports law arbitrators. He is impressive.’
‘Jan Kleiner is a very fine sports lawyer, with huge knowledge in particular in football-related matters. He represents often parties before specialized sports tribunals and is extremely appreciated by clients and colleagues. The other members of the team, in particular Lukas Stocker, are also very strong and very knowledgeable.’
‘For me the sports law team of Bar & Karrer is without doubts one of the best in Europe.’
Olympic Council of Asia
Swiss Football Association
European Athletics Association
Association of National Olympic Committees
CVC Advisers Company
Swiss Football League
Portuguese Football Association
- Assisting UEFA with all regulatory matters and in particular in all disputes before the Court of Arbitration for Sport and the Swiss Federal Tribunal, e.g. in disciplinary cases, cases related to Financial Fair Play, Match-Fixing etc.
- Represented His Highness Shaikh Abdul Aziz Faisal Saqer Bin Mohammed Al Qasimi, a Member of the Royal Family of one of the United Arab Emirates, in a high-profile disciplinary dispute in equestrian sports.
- Advised the International Surfing Association (ISA) in a Landmark Decision before the Court of Arbitration for Sport (CAS) to Award Governance of Stand-Up Paddle to the ISA at Olympic Level.
Switzerland > Tax Tier 1The ‘technically extremely sound, efficient and pragmatic‘ team at Bär & Karrer Ltd. assists with the tax implications of M&A, capital markets, financing and real estate matters, and acts in negotiations with tax authorities as well as on social security and pension matters. Furthermore, members of the team, such as practice co-head Daniel Bader and Christoph Suter, also act for private clients in succession planning, compensation plans and private wealth structures. Susanne Schreiber, who is also a team leader, and Ruth Bloch-Riemer show ‘professional excellence.‘ Raoul Stocker is a key contact in tax litigation matters.
Other key lawyers:
‘Ruth Bloch-Riemer and Susanne Schreiber are both well renowned personalities, great team workers, demonstrate professional excellence.’
‘The tax team is excellent.’
‘Ruth Bloch-Riemer is great – I love working with her.’
‘Raoul Stocker is a hands-on tax advisor with a very deep knowledge of Swiss and international tax law. He is client-focused, solution-oriented and exactly knows how pragmatic an approach should be.’
‘The best tax team in Zurich: knowledge, speed, solution-oriented.’
‘Raoul Stocker has an unrivalled knowledge of international tax and transfer pricing matters in the Swiss market. He has vast practical experience in international tax matters. He is personally curious about new issues and trends in the field of international taxation and is happy to invest time in having discussions outside of work engagements. Even with all of his technical expertise, Raoul always gives very practical and commercial advice.’
‘Susanne Schreiber and her team provide outstanding service, responsive, technically extremely sound, efficient and pragmatic.’
‘Susanne Schreiber is highly competent, always available, efficient, business-minded and pragmatic.’
Patrimonium Private Equity Fund
CSEIP (Credit Suisse Energy Infrastructure Partners AG)
- Advised BancaStato on the acquisition of Ticino-based Retail Business Lines from EFG International.
- Advised Crédit Agricole next bank (Suisse) SA on establishing its first covered bond programme, in a maximum aggregate principal amount of CHF2bn.
- Advised Equistone Funds on its acquisition of Franke Water Systems AG, KWC and WSC Groups, as tax lead counsel for the international tax due diligence, tax structuring, tax rulings, acquisition financing, tax-efficient set up of the management participation scheme as well as SPA support.
Switzerland > Banking and finance: Geneva Tier 2Bär & Karrer Ltd. advises Swiss banks, the Swiss affiliates of foreign banks and a variety of other financial institutions on all types of contractual, regulatory and compliance matters as well as on civil, criminal and enforcement proceedings. The practice is well-known for its acquisition finance strength, in particular for private equity borrowers, and has further experience in complex structured derivatives transactions and fintech projects. The ‘super responsive‘ team is headed by the ‘highly knowledgeable‘ Cédric Chapuis and and includes other key members Martin Anderson and Andrew Garbarski.
Other key lawyers:
‘Frédéric Bétrisey fully understood our needs.’
‘Frédéric Bétrisey is very professional. He listened to our needs and covered every aspect of them.’
‘The team is super responsive and always available to help. They are really dedicated to supporting their clients. There are no surprises with billing, and everything runs smoothly.’
‘Frédéric Bétrisey is always up to date with the latest and trickiest laws and regulations, including when it comes to the regulator’s point of view. He has a broad market perspective, which allows him to be pragmatic and always on point. He is highly knowledgeable and understands the most complex regulatory and contractual aspects. He remains calm at all times and offers concrete solutions for every situation.’
‘Excellent knowledge of the functioning of the banking world and its regulations.’
‘Incredible know-how from Frédéric Bétrisey in derivatives legal matters.’
Banque Cantonale de Genève
Republic and Canton of Geneva
Crédit Agricole next bank (Suisse) SA
- Advised private panking Fideuram – Intesa Sanpaolo Private Banking, on a long-term strategic partnership with REYL & Cie SA, under which Fideuram will acquire a 69% interest in REYL and assign its Swiss subsidiary Intesa Sanpaolo Private Bank (Suisse) Morval SA to REYL.
- Acted as counsel to Crédit Agricole next bank (Suisse) in connection with its first Covered Bond Programme, in a maximum aggregate principal amount of CHF2bn, guaranteed as to payments of interest and principal by CAnb (Suisse) Hypothèques SA.
Switzerland > Capital markets Tier 2Bär & Karrer Ltd. demonstrates strength in acting for both issuers and lead managers on IPOs as well as on the issuance of bonds and notes. Other areas of expertise are equity-linked and regulatory capital instruments, private placements and recapitalisation programmes. The practice is regularly active in the banking, insurance, industrials, technology, healthcare & life sciences as well as the real estate sectors. Rolf Watter and Ralph Malacrida both have considerable experience in capital market transactions. Urs Kägi is well versed in capital increases, IPOs, new listings, and dual listings. Other prominent practitioners are Lukas Roesler, Dieter Dubs and Frédéric Bétrisey.
Other key lawyers:
‘The team is extremely competent, pleasant, available and able to deal with emergencies and unforeseen events within very tight deadlines.’
‘The individuals we work with are extremely competent and able to deal with emergencies and unforeseen events within very tight deadlines. They know us and our needs as well as our special context. We have a longstanding relationship and trust, with Frédéric Bétrisey in particular.’
‘We were looked after professionally, so there were no risks as everything was thought through in advance.’
‘Urs Kägi supports us very professionally and represents us very competently.’
Far Point Acquisition Corporation
SIG Combibloc Group
Highlight Event and Entertainment AG
- Acted as legal and tax advisor on all Swiss law aspects to Far Point Acquisition Corporation, a special purpose acquisition company (SPAC), and Swiss-based Global Blue, combining their businesses through a merger.
- Acted as legal counsel to Alibaba Group on all aspects of Swiss laws in the rights offering and the private placement.
- Advised Temasek as the main shareholder on the recapitalisation of gategroup.
Switzerland > Competition Tier 2Bär & Karrer Ltd. has strong capabilities in supporting clients in investigations by the Swiss competition authority. The practice often acts for major Swiss and foreign corporations from a wide range industries. Other areas of expertise include cartels, dawn raids, civil litigation, compliance programmes. For merger control proceedings, the team works closely with the M&A group. Practice head Mani Reinert is a dedicated antitrust specialist. He is supported by associate Tobias Rebmann who also has know-how in technology law.
Other key lawyers:
‘This is my go-to firm for matters in Switzerland.’
‘Mani Reinert is excellent.’
- Advised and represented PSA in obtaining merger control clearance from the Swiss competition authority for its merger with FCA to Stellantis.
- Advised DSV on obtaining merger control clearance from the Swiss competition authority for its acquisition of Agility Global Integrated Logistics.
- Advised Sage Group on the competition law aspects of its sale of the Swiss business to Infoniqa, a provider of HR software solutions majority-owned by Warburg Pincus.
Switzerland > Data privacy and data protection Tier 2Bär & Karrer Ltd. advises on all data privacy and protection matters, in particular those in connection with cross-border data flows. The practice, headed by Corrado Rampini and Jan Kleiner, therefore regularly cooperates with correspondent law firms on questions that affect clients and concern international legislation, such as the European Union’s GDPR, Data Governance Act, the Artificial Intelligence Act and Digital Services Act. A focus of the firm are M&A transactions, recently especially in the IT and healthcare sectors, where the team is said to take on ‘a holistic view‘ to projects all while ‘proactively‘ identifying any data protection-related issues.
‘B&K have effectively taken a holistic view of our project, demonstrated real passion and have proactively identified data privacy and protection issues, put these in the context of the project and worked with our team in determining solutions in addition to addressing specific requests made of them. Their uniqueness comes from the ability to identify and understand potential problems in the round and to determine solutions which work across a project rather than simply for one component.’
‘Christian Kunz and Rehana Harasgama both went the extra mile in their proactiveness and responsiveness.’
‘The entire team was knowledgeable, friendly and courteous, quick to respond and overall a pleasure to work with.’
‘Jan Kleiner and Rehana Harasgama provided valuable advice and guidance.’
‘Excellent engagement from the team throughout.’
‘Rehana Harasgama understood the ask straight away and set about completing the review and activity in a practical and commercial fashion. Wonderful to work with and thoroughly enjoyable experience.’
‘Respond very fast without exception.’
European Athletics Association
Triton Fund V
Humabs BioMed SA
Gymnastics Ethics Foundation
Zermatt Tourism Authority/Bonfire Ltd
JOIN Solutions Ltd
- Advised Zermatt Tourism Authority on all matters data and data protection-related in connection with the promotion and digitalisation of the tourism destination Zermatt, Täsch and Randa with a particular focus on the goal of Zermatt Tourism Authority to be a leading tourism destination in Switzerland that is fully digitalised from booking a hotel, over paying tourist taxes, to personalised marketing.
- Advised the Diem Association regarding the establishment and operation of a DLT-based payment system which takes a privacy-by-design approach and complies with applicable data protection laws.
- Advised JOIN on a major overhaul of their terms and conditions, data processing agreements, privacy policies and other privacy-related documents while enabling JOIN to monetize and use personal data they collect from job candidates and companies in compliance with Swiss and EU data protection law.
Switzerland > Insurance Tier 2Bär & Karrer Ltd. offers a full-service practice to its clients from the insurance and reinsurance industry, including local and national insurers, insurance groups and intermediaries. A specialty of the team is advice regarding insurance sector-specific M&A and financings, such as portfolio transfers under the Swiss Insurance Supervision Act, share and asset deals, mergers, voluntary group restructurings and cross-border relocations. Practice head Peter Hsu ‘is an outstanding lawyer‘ who advises insurers, reinsurers and insurance intermediaries on regulatory, corporate, M&A and contract law issues and represents them in enforcement proceedings.
‘Great insurance know-how and a practical approach to solve issues.’
‘Bär & Karrer is undoubtedly one of Switzerland’s leading law firms. They are well integrated and offer a wide range of services.’
‘Peter Hsu is an outstanding lawyer offering both sound business judgement and excellent legal know-how.’
‘The team are efficient and pragmatic, whilst clearly having a deep understanding of Swiss law and regulation and the expectations of FINMA, providing practical advice quickly and with great thought and care.’
‘Peter Hsu is very responsive, clear and to the point and his team is efficient and advice is well structured and user-friendly.’
Zurich Insurance Group
AON Schweiz AG
Marsh AG/Mercer (Switzerland) AG
CSS Versicherung AG
Switzerland > Intellectual property Tier 2The intellectual property practice of Bär & Karrer Ltd. is particularly well known for its strength in M&A and capital market transactions involving intellectual property matters, including the setting up of post-closing cross-licensing structures, as well as intellectual property contracts such as licensing agreements. In contentious matters, the ‘very approachable, very responsive‘ and ‘simply outstanding‘ team is particularly active in patent and licensing disputes. Key clients of the unit are from the technology, software, life sciences, chemicals and consumer goods industries. Markus Wang heads the practice and is particularly experienced in the biotech, pharmaceutical and IT industries.
‘Tailor-made client advice, very hands-on, pragmatic approach.’
‘Great team of IP, tax and business specialists.’
‘Markus Wang is a very fast thinker and a great strategist at the same time. He provides in-depth know-how.’
‘B&K is one of the largest commercial law firms, with all the power and capabilities that comes along with this. Still, working with B&K’s IP practice feels like cooperating with a boutique law firm – in the best sense of it: Very approachable, very responsive, easy to work with. Simply outstanding.’
‘Working with Markus Wang has always been a pleasure. You can bounce arguments and strategies off him and really discuss things through to really develop the best approach. He is very engaged and responsive, knowledgeable and easy to work with.’
‘Markus Wang is very experienced, accurate and attentive. Good understanding of technical issues in patent litigation, highly experienced in trade mark matters and in IP transaction matters.’
Novartis, incl. Sandoz
Sage Software / Sage Group
Lindt & Sprüngli
Diem Association (formerly Libra)
X-Bionic / X-Technology
Stellantis (Fiat Chrysler Automobiles)
Vir Biotechnology / Humabs BioMed SA
- Successfully represented Glenmark in a patent litigation in Switzerland against Boehringer Ingelheim concerning the blockbuster product Spiriva before the Swiss Federal Patent Court and in appeal proceedings before the Swiss Federal Supreme Court.
- Advised CVC Capital Partners (CVC) as Swiss counsel in connection with its partnership with the Fédération Internationale de Volleyball (FIVB), the world governing body of the sport of volleyball, resulting in the formation of a joint-venture that will be responsible for the commercial operation and exploitation of all trade mark, marketing and other rights of key volleyball and beach volleyball events.
- Advised X-Bionic AG and its affiliate X-Technology Swiss GmbH, leading developers, manufacturers and distributor of high-end functional sport apparel, on the sale of its rights in the X-Bionic and X-Socks trade marks, patents and product for the territory of China, Hong-Kong and Macao to Beijing Sanfo Outdoor Products Co. Ltd., a publicly listed Chinese specialist of outdoor products.
Switzerland > Leading firms: French-speaking Switzerland Tier 2Bär & Karrer Ltd. has a strong core competence in dispute resolution where Saverio Lembo, Alexandra Johnson, Aurélie Conrad Hari and Pierre-Yves Gunter are the key practitioners and Andrew Garbarski is noted for his support in investigations and white-collar criminal law. Frédéric Bétrisey, Cédric Chapuis and Martin Anderson are the key individuals handling banking and finance transactions, regulatory matters for banks and financial institutions as well as international M&A transactions.
Other key lawyers:
Banque Cantonale de Genève
Mercuria Energy Trading
- Advised Fideuram – Intesa Sanpaolo on a long-term strategic partnership with Reyl.
- Advised Union Bancaire Privée, UBP SA (UBP) on an agreement with Banco Comercial Português, S.A. (BCP), whereby UBP will acquire all the shares of the BCP group’s Swiss private bank, Millennium Banque Privée – BCP (Suisse) SA.
Switzerland > TMT Tier 2Bär & Karrer Ltd. assists clients with the full range of TMT matters, including complex software contracts, IT joint ventures, technology transfers and outsourcing projects. The practice acts on regulatory matters for telecommunication companies and represents clients in judicial and arbitral proceedings, for example regarding media rights. The team is jointly headed by Michele Bernasconi, Jan Kleiner and Markus Wang with Bernasconi having a ‘deep specialisation in media and TMT matters related to sport‘, Kleiner ‘extensive experience‘ in the media, entertainment and data protection fields, and Wang a particular specialism in the life sciences and healthcare sectors.
‘What I value the most is the high profile and technical skills of the TMT team and the way they manage the matters. They are proactive, open-minded, and always eager to find solutions to solve the most complex problems. Quick reactions, deep knowledge of the client’s industry and tailor-made solutions for each of them. In deals and disputes, they are tough where necessary and flexible if the situation so requires, always with the aim to achieve the best for clients.’
‘Both Michele Bernasconi and Jan Kleiner are outstanding professionals with whom it is a pleasure to work. Michele is one of the references in the sector, not only in Switzerland but worldwide, with a deep specialization in media and TMT matters related to sport. Smart, excellent negotiator and with a transversal approach to each matter he is involved in. Jan’s legal skills and extensive experience in the sector are for us fundamental assets. 100% reliable and trustworthy attorneys.’
Gymnastics Ethics Foundation
Zermatt Tourism Board
European Athletics Association
- Acted as Swiss legal counsel to Zoom Voice Communications, Inc., an American communications technology company, on a broad variety of telecoms regulatory compliance matters.
- Acted as Swiss legal advisor to CVC Capital Partners (CVC) on the establishment of a partnership between CVC and the Fédération Internationale de Volleyball (FIVB) and the creation of a newly founded joint venture, Volleyball World SA.
- Closely accompanied and advised the Tourism Board of Zermatt/Matterhorn on its ongoing efforts to digitalise all its internal processes, in particular the handling of personal data of all tourists in the destination, including advice on national and international data protection laws, contract law, employment, etc.
Switzerland > Insolvency and corporate recovery Tier 3Bär & Karrer Ltd. has noteworthy expertise in a wide variety of insolvency and restructuring matters. With its full-service offering, it can draw on support in distressed M&A deals, sales/acquisition out of Swiss ‘chapter 11’-proceedings, related litigation and financings as well as tax-efficient structuring of restructurings and impact pension plans. The practice regularly represents debtors, their management, shareholders or creditors. Christoph Neeracher is well versed in out of court restructurings. He leads the practice together with distressed M&A specialist Luca Jagmetti and Thomas Rohde. Martin Anderson and Rolf Watter are also prominent practitioners.
Other key lawyers:
‘The team has incredibly high competence and works within a well-connected network. Furthermore, the team is very adept at quickly recognising the problem at hand.’
‘The individuals were incredibly flexible. The quality which was most valued was the notion that problems were examined in incredible depth, the team ensured that they had full clarity over what the problem was noteworthy. Another stand-out feature was that contracts were created incredibly quickly which significantly reduced overhead and waiting times which is not the case for competitors.’
‘People are very swiftly replying, digging very deep into the legal aspects of the matter and also support creative/not straightforward ideas and think of how to make them possible. Very often, when choosing the less straightforward option, the team is very cooperative and constructive in making these options possible!’
‘Christoph Neeracher is probably the most experienced and thorough M&A lawyer in Switzerland, always looking at legal aspects, but never ignoring the business side of things. A rarely occurring advisor that actually helps solve issues/making deals happen rather than simply showing what the legal issues are. Always available and very responsive!’
‘Thomas Rhode is probably the most knowledgeable lawyer for recovery/restructuring cases with deep real estate know-how as well.’
Lupa Systems LLC
Herkules Managed Funds
- Acted as Swiss legal adviser to Temasek in the recapitalisation of gategroup.
- Advised Lupa Systems LLC, the new anchor shareholder in MCH Group AG, on the acquisition of shares.
- Advised Swiss-based private equity fund Patrimonium on the acquisition of a majority stake in the Roth Group.
Switzerland > Transport Tier 3Bär & Karrer Ltd. advises clients from the transport and logistics industries, including aviation, maritime, road and rail clients. The team advises on all regulatory, employment, antitrust and data protection matters as well as on real estate, infrastructure and energy law-related aspects. Practice head Luca Jagmetti represents transport and logistics clients in litigation and administrative proceedings. Christoph Neeracher is the specialist for complex outsourcing and procurement projects.
Other key lawyers:
‘Right from the start, the cooperation was very constructive and optimal. We were able to fully incorporate our planned strategy and ideas. We were also always clearly shown where the weaknesses were and where we could lose and where we had chances. No false promises and therefore we never experienced a surprise.’
‘Above all, Luca Jagmetti distinguished himself by the fact that he understands our language and can convert it very well and put it on paper. In addition, he understands the industry and knows what he is talking about and can absorb thoughts and ideas very quickly and steer them in the right direction.’
‘The cooperation with Bär& Karrer is extraordinary and more than remarkable. The high level of competence in all fields and areas relevant to us is remarkable. The excellent availability is more than remarkable and means that we always feel valued and understood. We always have complete cost overview in the cooperation with Bär&Karrer.’
‘Luca Jagmetti: vast knowledge and high thirst for knowledge. He is committed to understanding the business model and processes in order to draw the best conclusions. In addition to his very high level of competence, he is characterized by his ability to bring the right people together. Furthermore, he speaks an understandable language and can communicate complex contexts in a comprehensible way.’
Swiss Federal Railways SBB
Swiss International Ari Lines AG
Edelweiss Air AG
- Advised kooky2go, developer and operator of a logistics system making available disposable food packaging, and collecting used packaging at own drop-boxes, on the contractual setup, the VAT concept as well as implementation of the entire documentation (such as partner agreements, general terms and conditions and investment documentation), including data protection requirements.
- Advised EQT Infrastructure II on the sale of Unilode Aviation Solutions, a global market leader in specialty aviation infrastructure, to Basalt Infrastructure Partners, an independent infrastructure investment firm with a transatlantic focus on mid-market infrastructure.
- Advised Swiss Federal Railways SBB regarding the sale of a 35% stake in SBB Cargo AG by Swiss Federal Railways SBB to Swiss Combi AG, a joint venture of Swiss logistics service providers.
|Mr Raphael Annasohn||Raphael Annasohn has broad experience in international and domestic M&A transactions in…||View Profile|
|Ms Martina Athanas||Martina Athanas is a member of the firm’s internal investigations practice group…||View Profile|
|Mr Daniel Bader||Daniel Bader provides national and international tax, social security and legal advice…||View Profile|
|Dr Andreas Bär||Andreas J. Bär advises private clients, families, single and multi-family offices as…||View Profile|
|Mr Michele Bernasconi||Michele Bernasconi advises on a broad range of sports, media, energy, telecom…||View Profile|
|Mr Matthias Bizzarro||Matthias Bizzarro is a certified tax expert and a lecturer in tax…||View Profile|
|Dr Ruth Bloch-Riemer||Ruth Bloch-Riemer’s practice focuses on domestic and international tax law. She regularly…||View Profile|
|Mr Urs Brügger||Urs Brügger’s main areas of practice are financial market regulations including governance…||View Profile|
|Ms Cinzia Catelli||Cinzia Catelli’s preferred area of practice focuses on domestic and international arbitration and…||View Profile|
|Mr Massimo Chiasera||Massimo Chiasera’s practice focuses on white-collar crime, internal investigations, domestic and cross-border…||View Profile|
|Cyrill Diefenbacher||Cyrill Diefenbacher has broad experience in national and international corporate tax matters. He…||View Profile|
|Dr Dieter Dubs||Dieter Dubs has broad experience in M&A transactions with a focus on…||View Profile|
|Dr Joel Fischer||Joel Fischer’s practice focuses on banking and finance, internal investigations and white-collar…||View Profile|
|Dr Daniel Flühmann||Daniel Flühmann’s practice focuses on banking, insurance and financial market laws as…||View Profile|
|Dr Pascal Hachem||Pascal Hachem’s practice focuses on contentious and non-contentious commercial matters as well…||View Profile|
|Dr Mariel Hoch||Mariel Hoch is one of Bär & Karrer’s leading M&A partners and…||View Profile|
|Dr Peter Hsu||Peter Hsu is Bär & Karrer’s key contact for the practice area…||View Profile|
|Dr Luca Jagmetti||Luca Jagmetti has specialized in national and international private M&A transactions in…||View Profile|
|Mrs Nadja Jaisli Kull||Nadja Jaisli co-heads Bär & Karrer’s arbitration practice and and specializes in…||View Profile|
|Dr Cesare Jermini||Cesare Jermini has extensive experience in court litigation as well as international…||View Profile|
|Dr Urs Kägi||Urs Kägi advises listed and non-listed companies on a broad range of…||View Profile|
|Dr Andreas D Länzlinger||Andreas D. Länzlinger heads Bär & Karrer’s Internal Investigations Practice Group and…||View Profile|
|Dr Daniel U. Lehmann||Daniel U. Lehmann has broad experience in Corporate taxation, in particular M&A,…||View Profile|
|Dr Daniel Leu||Daniel Leu advises private clients and family offices on wealth and succession…||View Profile|
|Dr Ralph Malacrida||Ralph Malacrida specializes in M&A and corporate finance transactions, including venture capital…||View Profile|
|Vera Naegeli||Vera Naegeli is experienced in international and domestic M&A transactions and in…||View Profile|
|Dr Christoph Neeracher||Christoph Neeracher specializes in international and domestic M&A transactions (focusing on private…||View Profile|
|Dr Corrado Rampini||Corrado Rampini heads the real estate department of Bär & Karrer. He…||View Profile|
|Dr Mani Reinert||Mani Reinert’s practice covers all aspects of antitrust law in a wide…||View Profile|
|Mr Matthew T Reiter||Matthew Reiter heads Bär & Karrer’s litigation practice. He specializes in litigation…||View Profile|
|Mr Lukas Roesler||Lukas Roesler is a banking and finance practitioner. He specialises in advising…||View Profile|
|Mr Thomas Rohde||Co-heading Bär & Karrer’s reorganization and insolvency practice, Thomas Rohde focuses on…||View Profile|
|Prof Dr Markus Schott||Markus Schott has broad experience in all kinds of regulatory and administrative…||View Profile|
|Ms Susanne Schreiber||Susanne Schreiber is a partner at Bär & Karrer AG and co-heads…||View Profile|
|Dr Philippe Seiler||Philippe Seiler has broad experience in international and domestic private M&A transactions…||View Profile|
|Prof Dr Raoul Stocker||Raoul Stocker has broad experience in all taxation matters and advises both…||View Profile|
|Mr Thomas Stoltz||Thomas Stoltz heads the notarial services as well as the employment, migration…||View Profile|
|Mr Eric Stupp||Eric Stupp heads Bär & Karrer’s financial services department and co-heads the internal…||View Profile|
|Mr Christoph Suter||Christoph Suter heads Bär & Karrer’s tax team in Geneva. He advises corporate…||View Profile|
|Mr Michael Trippel||Michael Trippel’s main areas of focus are capital markets, M&A, private equity…||View Profile|
|Dr Markus Wang||Markus Wang heads the intellectual property team and co-heads the life sciences…||View Profile|
|Prof Dr Rolf Watter||Rolf Watter has broad experience in all types of M&A transactions, including…||View Profile|
|Ms Laura Widmer||Laura Widmer’s practice focuses on advising Swiss and foreign individuals and entities…||View Profile|
|Mr Gadi Winter||Gadi Winter’s practice focuses on banking and finance, capital markets, M&A and…||View Profile|
|Ms Tina Wüstemann||Tina Wüstemann heads the private client team. She advises Swiss and foreign…||View Profile|
Diversity and inclusion in our workforce
A diverse and inclusive working environment composed of colleagues from various backgrounds is an important success factor for Bär & Karrer. We are firmly committed to fostering an open and tolerant culture that empowers everyone at Bär & Karrer to be themselves at work and brings out the best from everyone. We see it as our social responsibility to promote and focus on the topic of D&I.
Our hiring process is focusing on attracting and retaining the best talents regardless of gender, race, origin, language, age, sexual orientation or religious belief.
We strive for a balanced workforce and a working attitude where collaboration is key. The entire Bär & Karrer team embraces our diversity and inclusion journey.
Actions speak louder than words
- 360 employees
- 200 lawyers
- 55% of our employees are women
- 36% in our extended executive board are women
- 31% of our women are in a leading position
- 22% of our employees working part-time
- 4 employees who are physically challenged
Diversity is key
In-house children facility
Bär & Karrer offers an in-house childcare facility where our employees benefit from favourable conditions to support balancing family and career. Furthermore, Bär & Karrer is a member of profawo whose consultancy on topics such as guidance for young parents, childcare or placement of nannies is free of charge for staff members.
Parental Leave Program
We are granting paid paternity leave of a total of 15 working days. Expectant mothers are entitled to go on leave four weeks prior to the calculated date of childbirth. The purpose of this leave is to ease the burden during the last month of pregnancy. We would like our female employees to remain employed with us after childbirth. Employees who worked for Bär & Karrer for at least two years prior to childbirth and who undertake to continue to work for us after their maternity leave for at least another two years are entitled to additional benefits beyond the statutory minimum.
Friendly Work Space sets the Swiss quality standard for systematically implemented company health management (BGM). We are very pleased to have achieved this label.
The compatibility of work and family requires flexible working time models. This way we can ensure that women and also men can reconcile their legal profession with parenthood in the long term. However, working part-time does not mean that your career ends up on the sidelines and therefore isn’t an obstacle to being promoted. Home office is another important component of working time flexibilization at Bär & Karrer and gives our employees more flexibility in organizing their day.
We have committed to ensuring that women are represented and supported at all levels of the Firm. Currently, we are the leading full service law firm in Switzerland which has the hightest percentage female partners.
Pro Bono Work
Bär & Karrer and its employees live up to their social responsibility in various ways. In particular, we have numerous personal and firm-wide engagements for charitable or not-for-profit organizations, as well as a long-standing tradition of providing our legal services on a case-by-case basis free of charge – i.e. pro bono – if it serves a good cause. Below are just some of the activities.
UBS to Acquire Credit Suisse28th March 2023 Following discussions initiated jointly by the Swiss Federal Department of Finance, the Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank, UBS has entered into an all-share transaction for the acquisition of 100% of Credit Suisse. Under the terms of such transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares. The combination will further strengthen UBS's position as the leading Swiss-based global wealth manager (with more than CHF 3.1 trillion of assets under management) and reinforce its standing as the leading universal bank in Switzerland. In order to facilitate a timely implementation of the transaction, the Swiss Federal Council has decided that it would not be subject to shareholder approval by enacting an emergency ordinance to that effect.
Bär & Karrer Advised CIMO in the Negotiations with the Swiss Confederation regarding the Use of a Reserve Power Plant14th March 2023 CIMO Compagnie industrielle de Monthey SA entered into an agreement with the Swiss Confederation, under which the latter may use the thermic power plant Thermatel in Monthey as strategic backup source in case of electricity shortfalls. The power plant is already available in winter 2022/23 and currently provides approx. 40 MW of power. After a planned overhaul, the plant is expected to provide approx. 50 MW of power.
Bär & Karrer Advised the Eastman Group on the Acquisition of Willson7th March 2023 The Eastman Group, an internationally operating manufacturer of musical instruments, acquired the music manufacturing business from WILLSON Band Instruments Switzerland AG. Willson is a Swiss manufacturer of handmade, high-quality musical instruments.
Bär & Karrer Advises Horn & Company on the Acquisition of GEM Consulting3rd March 2023 Horn & Company, a portfolio company of Waterland Private Equity, has entered into a quota purchase agreement in order to acquire GEM Consulting GmbH from its founders. This transaction enables Horn & Company – in cooperation with the founders – to expand and strengthen its management consulting services in the banking and insurance sector in Switzerland as well as in Germany and Austria. The transaction will be completed in the upcoming weeks.
Bär & Karrer Advises Clayton, Dubilier & Rice on USD 7 Billion Take-Private Acquisition of Focus Financial Partners.2nd March 2023 Clayton, Dubilier & Rice ("CD&R"), Stone Point Capital LLC and Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced on 27 February 2023 that Focus and CD&R have entered into a definitive agreement for Focus to be acquired by affiliates of CD&R in an all-cash transaction valued at an enterprise value of over USD 7 billion. The transaction is expected to close in the third quarter of 2023. Focus will cease to be a publicly traded company upon consummation of the transaction. Closing of the transaction is subject to regulatory approvals.
Bär & Karrer Advised Cavotec on its Directed Share Issue2nd March 2023 Cavotec SA successfully placed 12,452,830 shares at a subscription price of SEK 13.25 per share, entailing raising proceeds of approximately SEK 165 million. The subscription price was determined through an accelerated book building process. The proceeds of the placement will be used to increase financial flexibility to sup-port the company to execute on its strong order book, growth plans and in addi-tion strengthen the Company’s financial position by reducing net debt. Skandina-viska Enskilda Banken AB acted as the sole bookrunner. The capital increase is subject to approval by an extraordinary general meeting of Cavotec.
Bär & Karrer Advised the Farner Group on the Expansion of its Agency Alliance “Team Farner” with Affective Advisory20th February 2023 The Farner group, a portfolio company of Waterland Private Equity, partnered with Affective Advisory to expand its agency alliance "Team Farner". Affective Advisory is a leading behavioural science consultancy, applying the latest insights from behavioural economics, social psychology and decision science.
Bär & Karrer Advises the Sellers on the Sale of a Majority Stake in Norline Group15th February 2023 The shareholders of Norline AG have entered into a share purchase agreement regarding the sale of the majority in Norline Group to Argos Wityu, an independent European private equity firm. Norline is the largest provider of outsourcing services in the heating, ventilation, air conditioning and plumbing (HVAC) sector in Switzerland. The transaction will be completed in the upcoming weeks.
Bär & Karrer Advised RQM+ on the Acquisition of Giotto Compliance14th February 2023 RQM+, the world's leading MedTech service provider, announced the acquisition of Giotto Compliance from Giotto.ai. Giotto Compliance is a global, all-in-one artificial intelligence (AI) platform designed to increase the efficiency and effectiveness of regulatory reports and filings across the product development lifecycle for medical device and in vitro diagnostics manufacturers.
Bär & Karrer Advised the Farner Group on the Expansion of its Agency Alliance “Team Farner” with komm.passion and Kirchhoff Consult14th February 2023 The Farner group, a portfolio company of Waterland Private Equity, partnered with the German agencies komm.passion and Kirchhoff Consult to expand its agency alliance "Team Farner". The komm.passion specializes in the interface between creative agency and management consultancy. The Hamburg-based Kirchhoff Consult offers financial and corporate communications services with a focus on capital markets, reporting, investor/public relations, IPO advisory and sustainability.
Bär & Karrer Advised Medbase and Migros Group on the Acquisition of Zur Rose9th February 2023 Bär & Karrer advised Medbase (a group company of Migros) on the acquisition of the Swiss business of Zur Rose Group AG. Zur Rose is a leader in online pharmacy and pharma distribution.
Bär & Karrer Advised Mister Loo in Financing Round7th February 2023 The Swiss headquartered start-up Mister Loo has completed its Series A financing round over five million USD through the investors Silverhorn SPC Ltd and responsibility Investments AG. The company offers digital public sanitary and healthcare solutions and has facilities in 70 areas of Thailand, Indonesia and Vietnam, preparing to expand into further regions in Asia.
Pascal Hachem New Co-Head of Bär & Karrer’s Arbitration Practice30th January 2023 We are pleased to announce that Pascal Hachem has been appointed as the new Co-Head of Bär & Karrer's Arbitration practice, taking over from Pierre-Yves Gunter. Pascal will co-lead the division alongside Nadja Jaisli.
Bär & Karrer Advised the Founders of Revendo in Connection with the Investment by the Migros-Group30th January 2023
Migros-Group invests in the Swiss start-up Revendo, the Swiss market leader in the field of upcycling electronic devices.
Bär & Karrer Advised the Farner Group on the Expansion of its Agency Alliance “Team Farner” with the BlueGlass Group30th January 2023 The Farner group, a portfolio company of Waterland Private Equity, partnered with the BlueGlass group to expand its agency alliance "Team Farner". The Zurich-based BlueGlass group specializes in the fields of digital strategy consulting, search engine optimization, digital campaigns as well as content marketing.
Bär & Karrer Advised the Seller on the Sale of Plastic Surgery Group19th January 2023 The owner of Plastic Surgery Group sold the company to Affidea Cancer Treatment Centres. Affidea is Europe's leading provider of advanced diagnostic imaging, cancer therapies and outpatient services.
Bär & Karrer Advised the Helsinn Group on its Financing Agreement with Oberland Capital Management18th January 2023 Bär & Karrer advised the Helsinn Group on its financing agreement with Oberland Capital Management LLC. The Helsinn Group is a fully integrated, global biopharma group with a track record of over 40 years of commercial execution and a strong focus in oncology and rare diseases.
Bär & Karrer Advised the Farner Group on the Expansion of its Agency Alliance “Team Farner” with Jim&Jim17th January 2023 The Farner group, a portfolio company of Waterland Private Equity, partnered with Jim&Jim to expand its agency alliance "Team Farner". Jim&Jim specializes in NextGen marketing, the development of strategic marketing concepts and campaigns, and the positioning of brands and products in the "Hyperconnected Generation".
Bär & Karrer Advised the Farner Group on the Expansion of its Agency Alliance “Team Farner” with the VIM and Kobza Media Group11th January 2023
The Farner group, a portfolio company of Waterland Private Equity, partnered with the VIM Group and the Kobza Media Group to expand its agency alliance "Team Farner". The Dutch-based VIM Group is a market leader in topics such as brand change and improving brand performance. The Vienna-based Kobza Media Group operates in the fields of strategy, branding, advertising, design, digital, PR content, video production and platforms.
Bär & Karrer Advises CVC in Connection with Partners Group’s Increased Investment in Breitling11th January 2023
CVC and Partners Group have entered into an agreement for Partners Group to increase its stake in leading Swiss watchmaker Breitling AG in a transaction that will make it the company's largest shareholder. Upon completion of the transaction, Breitling Group will continue to be jointly owned and controlled by CVC Capital Partners, Partners Group and management. Closing of the transaction is subject to regulatory approvals.
Bär & Karrer Advised ELCA Cloud Services on its Merger with EveryWare11th January 2023
ELCA Cloud Services SA, a fully-owned subsidiary of the ELCA Group, founded in 2020 to become one of the leading providers of Cloud computing services in Switzerland, has concluded a merger with EveryWare AG, a B2B cloud, data center and network infrastructures provider in German-speaking Switzerland. ELCA Cloud Services and EveryWare are joining forces to create one of the leading independent Swiss Cloud and IT service providers for private and public companies in Switzerland. The two business entities will continue to be independent and led by their current management and keep all of their employees in their respective teams.
Bär & Karrer Advised Deutsche Invest Capital Solutions on its Investment in GLOBOGATE concept11th January 2023
Bär & Karrer advised Deutsche Invest Capital Solutions on its investment in GLOBOGATE concept AG, a pioneer and leader in the market for recruitment and placement of nursing professionals.
Bär & Karrer Advised Investindustrial on its Investment in Medical Technology and Devices Group11th January 2023 Investindustrial – a leading European group in the field of private equity has signed an agreement through one of its investment vehicles for the entry of QuattroR SGR into the capital of MTD - Medical Technology and Devices Group, an international group active in the design and manufacture of medical devices for home and professional care. Investindustrial and QuattroR will support MTD in expanding its product offerings and strengthening its presence in Europe and strategic markets in the United States.
Bär & Karrer advised BeyondBytes Invest on the Acquisition of Moobility Telecom International Holding11th January 2023 BeyondBytes Invest Ltd acquired Moobility Telecom International Holding Ltd, which is engaged in the provision of mobile telecommunications services as an international virtual mobile network operator.
100% Takeover of Bank Linth LLB by Liechtensteinische Landesbank completed11th January 2023 After the settlement of the public tender offer by Liechtensteinische Landesbank Aktiengesellschaft, for all publicly held registered shares of Bank Linth LLB AG, Liechtensteinische Landesbank on 24 May 2022 filed, based on art. 137 FMIA, a claim for the cancellation of all Bank Linth shares remaining in public with the competent commercial court of the Canton of St. Gallen. With judgment dated 9 December 2022, the commercial court of the Canton of St. Gallen declared all Bank Linth shares remaining in public cancelled and the judgment came into legal force on 15 December 2022.
Bär & Karrer Advises Duck Creek Technologies on the Acquisition of Imburse11th January 2023 Duck Creek Technologies (Boston, USA) has entered into a share purchase agreement regarding the acquisition of the shares of Imburse AG from its founders and investors. Imburse is a Swiss based developer and provider of a modern payments platform for the insurance industry.
Bär & Karrer Advised GI Group Holding on its Acquisition of Eupro Holding13th December 2022 Bär & Karrer advised Gi Group Holding, specialized in global staffing and recruitment through an HR ecosystem based in Milan (Italy), on the acquisition of Eupro Holding AG, a Swiss-based human resources and recruitment company, and its subsidiaries.
Bär & Karrer Advised Interogo Holding on Pre-IPO Investment in ABB E-Mobility5th December 2022 The long-term equity strategy fund of Interogo Holding is a foundation-owned international investment group based in Switzerland. Bär & Karrer advised the fund in connection with an investment related to the CHF 200 million pre-IPO placements of ABB E-Mobility. ABB E-Mobility is a global leader in electric vehicle (EV) charging solutions.
Bär & Karrer Advises Lagardère on the Acquisition of Marché International25th November 2022 Lagardère acquires Marché International AG, a global multi-concept operator in the catering industry. The transaction is subject to regulatory approvals.
Bär & Karrer Extends its Leadership with new Partners and Counsel21st November 2022 Bär & Karrer is pleased to announce the election of Matthias Bizzarro and Massimo Chiasera to the firm's partnership and Martina Athanas as counsel, effective as of 1 January 2023. With these appointments, the practice areas litigation, internal investigations, tax, private clients and white collar crime will be strengthened and benefit from the deep know-how and excellent reputation of these three lawyers.
Bär & Karrer Advised MET Group on the Entering into a Joint Venture with Keppel Infrastructure to Pursue Western European Renewable Energy Opportunities21st November 2022 On 16 November 2022, MET Holding AG (MET Group), a Swiss based integrated European energy company, and Keppel Infrastructure Holding Pte Ltd (Keppel), a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanization, announced that they have formed a Swiss joint venture company to pursue renewable energy opportunities in Western Europe. The joint venture serves as the next phase of the strategic partnership since 2020 between MET Group and Keppel and was seeded with an initial portfolio of 213 MW of early-stage solar projects in Italy from MET Group. The joint venture will invest in both greenfield and brownfield solar and onshore wind assets across Western Europe with a target to scale up rapidly to at least 1 GW of operating and ready-to-build renewable energy projects.
Swiss Private Banks Arab Bank Switzerland and Gonet & Cie Enter into a Strategic Business Partnership18th November 2022 Arab Bank (Switzerland) Ltd., a Geneva-based bank created by Jordanian shareholders in 1960, and Gonet & Cie SA, a Swiss private bank founded in Geneva in 1845, entered into a strategic business partnership. Arab Bank Switzerland will acquire a majority stake in the family holding company owning Gonet & Cie and the two banks will combine their offer of products and services, while remaining autonomous banks with their respective name, staff and banking license. The new banking group will be a major actor in the Swiss wealth management industry, with assets under management in excess of CHF 10 billion. The transaction is subject to the approval of the relevant regulatory bodies and is expected to close during the first quarter of 2023.
Bär & Karrer Advised Equistone on the Acquisition of SF-Filter Group8th November 2022 Bär & Karrer advised funds advised by Equistone on the acquisition of SF-Filter Group, a European market leader in the distribution of industrial and mobile filters.
Bär & Karrer Advised Learning Pool (Marlin Equity Partners) on the Acquisition of People-Analytix8th November 2022 Learning Pool Limited, a portfolio company of Marlin Equity Partners, has acquired all shares in People-Analytix AG. People-Analytix develops and sells an AI-powered skill management platform.
Bär & Karrer Advises the Harting Entrepreneurial Family on the Acquisition of Studer Cables8th November 2022 Bär & Karrer advised the Harting entrepreneurial family on the acquisition of Studer Cables AG. A strategic partnership with the HARTING Technology Group is forming part of the acquisition of Studer Cables' parent company HC Holding Epsilon AG by the Harting entrepreneurial family. Both parties agreed not to disclose the purchase price.
Bär & Karrer Advises Lupa in Connection with a Rights Offering of MCH Group8th November 2022 On 5 September 2022, Lupa Investment Holdings, LP, New York, USA, and MCH Group AG, Basel, Switzerland, have entered into a commitment agreement in which Lupa committed to purchase a certain number of new shares in connection with a rights offering of MCH Group. The capital increase was completed on 12 October 2022 and MCH Group raised gross proceeds totalling CHF 76.9 million. Upon completion of the capital increase, Lupa's shareholding in MCH Group increased to 38.52%.
Bär & Karrer Advised the Founders of Chojuu on the Sale of their Start-up to Virtusan8th November 2022 The founders of Chojuu AG, a digital health startup and spin-off from ETH Zurich, working in the field of behavioral health interventions to improve people's lives, sold their shares to Virtusan AG.
Bär & Karrer Advised Farner Consulting on the Acquisition of Yoveo5th October 2022 Farner Consulting, a portfolio company of Waterland Private Equity, has acquired Yoveo AG. This transaction enables Farner Consulting to expand its communication offering with video consulting, video content and video technology.
Bär & Karrer Advised Infront on the Acquisition of Assetmax5th October 2022 Infront AS has signed an agreement for the acquisition of Assetmax AG. Assetmax is a leading Swiss service provider for independent asset managers, family offices and banks developing software for integrated multi-custody portfolio management, client relationship management, invoicing and reporting. The acquisition represents an important milestone for Infront as the company further strengthens its product offering for wealth management customers across Europe. The transaction is expected to be completed by the end of September at the latest and is subject to customary conditions.
Bär & Karrer Advises Intershop on the Sale of «AuPark» in Wädenswil5th October 2022 Bär & Karrer Advises Intershop on the Sale of «AuPark» in Wädenswil Intershop sold the development property "AuPark" in Wädenswil to Swiss Life AG on 19 August 2022 for a purchase price of CHF 190 million. A development with five residential and commercial buildings and around 230 apartments is planned on the site. The building permit for the project has already been granted. In addition, the Canton of Zurich is planning to build a new cantonal school on the neighbouring plot.
Bär & Karrer provided legal and tax advice to Intershop on this transaction. The team included Corrado Rampini and Kilian Müller (both Real Estate) as well as Cyrill Diefenbacher and Elena Kumashova (both Tax).For further information please contact: Media Relations, Eric Stupp Tel: +41 58 261 50 00 Email: email@example.com
Bär & Karrer Advised iKO Media Group on its Partnership with STN Holdings Limited22nd September 2022 iKO Media Group AG, a specialized and internationally oriented end-to-end media services provider, has entered into a partnership with STN Holdings Limited. The STN Group is a Slovenia-based and established global telecommunication facility specializing in satellite, broadcasting, connectivity and collocation services.
Bär & Karrer Advised the Netrics Group on the Acquisition of PageUp22nd August 2022 Netrics, a portfolio company of Waterland Private Equity, has acquired PageUp AG, a provider of cloud, edge computing and modern workplace services.
Bär & Karrer Advises Archroma (SK Capital) on the Acquisition of Huntsman’s Textile Effects Division16th August 2022 Archroma, a portfolio company of SK Capital Partners, has entered into a definitive agreement with Huntsman Corporation to acquire Huntsman's Textile Effects division. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2023.Bär & Karrer acts as Swiss legal advisor to Archroma in this transaction.
Bär & Karrer Advised Sportradar on the Set-up of a Joint Venture with Ringier9th August 2022 Sportradar Group AG (NASDAQ: SRAD) (Sportradar), a global leading provider of sports data and content, established a joint venture with Ringier AG (Ringier), a Swiss technology and media company. With the joint venture, Sportradar and Ringier aspire to put sports fans in Africa, a dynamic market with high potential in the global sports industry, closer in touch with their favorite sports. The joint venture combines Ringier's media competence with Sportradar's sports data and product portfolio and builds upon a long-standing cooperation between the two Swiss-based companies.
Bär & Karrer Successfully Represented a Former UEFA Ethics and Disciplinary Inspector Before the Swiss Federal Supreme Court3rd August 2022 Two former UEFA ethics and disciplinary inspectors have been acquitted in a lawsuit against the former president of a European football club and another person close to the club. The Swiss Federal Supreme Court confirmed the acquittal decision of the Cantonal Court of Vaud issued within the ambit of the fight against match fixing, which followed a criminal complaint from the two abovementioned individuals against two UEFA ethics and disciplinary inspectors. The Swiss Federal Supreme Court recognized that the former ethics and disciplinary inspectors were not guilty of defamation when they had identified these individuals as organizers of match-fixing in a disciplinary investigation report to the attention of UEFA.
Bär & Karrer Advises H2 Energy Europe on a Joint Venture with Phillips 6627th July 2022 H2 Energy Europe AG, a Swiss pioneer in the fields of renewable energies and hydrogen technology, and Phillips 66 closed on a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark.
Bär & Karrer Advised Romande Energie Holding on First Green Bond Issuance20th July 2022 On 15 July 2022, Romande Energie Holding SA made its first green bond issuance. The bonds are listed on the SIX Swiss Exchange, in an aggregate amount of CHF 100 million, with a maturity in 2037. The issuance was made according to the Green Bond Principles published by the International Capital Market Association. The proceeds of the bond issue are to be applied according to the Green Finance Framework published by the issuer on its website.
Bär & Karrer Advises Novartis on the Sale of a Building Right for a New Production Facility in Stein.11th July 2022 Novartis Pharma Stein AG sold a building right on part of its industry area in Stein to Lonza AG. Lonza plans to construct a large-scale, commercial drug product fill & finish facility, which is expected to be completed in 2026. Lonza invests approx. CHF 500 million in its new facility.
Bär & Karrer Advises Valora Regarding the Public Tender Offer of FEMSA11th July 2022 On 4 July 2022, Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), Monterrey, Mexico and Valora Holding AG, Muttenz, Switzerland, have entered into an agreement on the terms and conditions of a combination by way of a public tender offer by FEMSA for all publicly held registered shares of Valora. FEMSA offers CHF 260 in cash for each registered share of Valora, which corresponds to a transaction volume of around CHF 1.1 billion. The board of directors of Valora recommends to its shareholders to accept FEMSA's public tender offer.
Bär & Karrer Advised OiOiOi in Pre-Seed Financing Round29th June 2022 OiOiOi Ltd. has successfully raised its first Pre-Seed financing round. The Swiss Startup offers a circular infant clothing rental service for parents.
Bär & Karrer Advises the Shareholder on the Sale of Home Service29th June 2022 Zurich, 28 June 2022The shareholder of Home Service has sold his shares to Investis Holding. Home Service is a Swiss based company active in the facility service sector. Bär & Karrer acted as legal advisor to the shareholder of Home Service. The team included Christoph Neeracher, Philippe Seiler, Thomas Rohde and Luca Tarzia (all M&A) as well as Susanne Schreiber and Julian Hodel (both Tax).
Bär & Karrer Advises Firmenich in its Merger with DSM7th June 2022 On 31 May 2022, DSM and Firmenich announced a cross-border merger-of-equals which unites two iconic companies into a leading creation and innovation partner in nutrition, beauty and well-being. The new parent company will be located in Switzerland and listed on Euronext Amsterdam.
Bär & Karrer Advises Quaestor Coach on the Combination of Investarit with Diem Client Partner7th June 2022 Quaestor Coach, an independent private equity group specializing in a buy-and build in discretionary wealth management, announced today that Investarit, a Zurich-based international wealth management boutique and partner for comprehensive asset management services, joins forces with Diem Client Partner, a Zurich-based independent wealth management boutique for high net-worth individuals and institutional investors. The investment in Investarit follows Quaestor Coach's initial acquisition of Diem Client Partner in December 2021.
Bär & Karrer Advised Guess Europe on its EUR 250 million sustainabilitylinked revolving credit facility25th May 2022 Guess Europe Sagl have entered into a EUR 250 million sustainability-linked revolving credit facility with UBS Switzerland AG as Mandated Lead Arranger, Joint Bookrunner, Sustainability Coordinator, Agent and Lender and with Credit Suisse (Schweiz) AG as Mandated Lead Arranger, Joint Bookrunner and Lender as well as additional international banks as part of a syndicate.
Bär & Karrer Advised Sumex on its Strategic Partnership with Secon18th May 2022 Sumex AG, a fully-owned subsidiary of the ELCA Group, the Swiss leader in engineering, development and business solutions, has concluded a strategic partnership with Secon AG, a process and data specialist for core insurance business. Sumex is acquiring a controlling stake in Secon to create the leading technology solution provider in Switzerland for the health insurance market.
Bär & Karrer Advised Sumeru Equity Partners on the Acquisition of beqom13th May 2022 Sumeru Equity Partners acquired 100% of the share capital of beqom SA, a Swiss-based provider of employee compensation management and performance software solutions for large companies of various industry sectors.
Bär & Karrer Advises the Sellers on the Sale of Confinale Group13th May 2022 The owners of Confinale Corp. sold Confinale, a Swiss-based consulting specialist for digital banking and solution for wealth management, to the strategic buyer HCL Technologies. The acquisition is subject to customary closing conditions, which are expected to be completed in the next few weeks.
Bär & Karrer Advises the Netrics Group on the Sale of its Infrastructure Division4th May 2022 Netrics Group is focusing on cloud and modern workplace in the future and has sold its data center and connectivity division to the NorthC Group, which specializes in the operation of data centers in Europe.
Bär & Karrer Advised the Sellers on the Sale of Brust-Zentrum Zurich19th April 2022 The owners of Brust-Zentrum Zurich have entered a strategic alliance with Affidea, Europe's leading provider of advanced diagnostic imaging, cancer therapies and outpatient services.
Bär & Karrer Advised kooky in Financing Round13th April 2022 The start-up kooky has completed financing round of over six million Euro. In addition to lead investor UVC Partners various other investors have joined. kooky focuses on replacing single-use with reusable products. The Swiss start-up developed the first intelligent reusable cup system with its own digital return infrastructure.
Bär & Karrer Advised AS Equity Partners on the Acquisition of Swiss Post Solutions (SPS)5th April 2022 AS Equity Partners acquired the SPS Group from Die Schweizerische Post AG (Swiss Post). SPS is a global full-service provider of physical and digital document management and provides a comprehensive suite of Document Processing and Business Process Services. AS Equity Partners exclusively targets control investments in the lower to middle-market for software, technology, and technology enabled businesses across Europe.
Bär & Karrer Advises Swiss Entrepreneurs on the Acquisition of Werap Group4th April 2022 The entrepreneurial couple Dr. Sara and Christoph Hürlimann as well as Peter Huber acquired the Werap Group headquartered in Bubikon from its founder Konrad Frischknecht as part of a succession planning arrangement. The Werap Group is a center of excellence for electronic products (EMS), rewinding goods, cable assembly and trading in power supplies.
Bär & Karrer Advised Eppendorf on its Investment in BigOmics Analytics30th March 2022 Eppendorf, a leading life science company that develops, produces and distributes products and services for the use in laboratories worldwide, made an investment in BigOmics Analytics, a Swiss biodata analytics start-up company, as part of their Pre-Series A financing round.
Bär & Karrer Advises IWG on the Merger of its Digital and Technology Assets with The Instant Group14th March 2022 IWG Plc, a global leading supplier of flexible workspace solutions, has entered into the merger of certain of its digital and technology assets with The Instant Group, a leading independent provider of flexible workspace platforms and services. IWG Plc is investing GBP 270 million to acquire the shares, with Instant management expected to invest a further GBP 50 million into the combined business. The merger is taking place with the aim of listing the merged company on the US or UK market by the end of 2023.
Bär & Karrer Advises ZAPI on the Acquisition of BlueBotics14th February 2022 ZAPI Group, a leader in electrification and manufacturer of electronic speed controllers, electric motors, battery chargers, and associated products for electric and hybrid vehicles acquired BlueBotics, a leader in navigation for automated guided vehicles and autonomous mobile robots, including the shares held by investor Forestay Capital. The transaction closed on 21 December 2021.
Bär & Karrer Advised Bregal on the Sale of ATP Group9th February 2022 Bregal Unternehmerkapital sold ATP Group to Arsenal Capital Partners, a private equity firm focused on healthcare and industrial companies. Headquartered in Wollerau, Switzerland, ATP adhesive systems is an international developer and manufacturer of industrial adhesive tapes.
Bär & Karrer Advises AXPO on its EUR 2.5 Billion Sustainability Linked Credit Facilities9th February 2022 Axpo Holding AG has entered into a EUR 2.5 billion sustainability linked credit facilities agreement with a broad international consortium of banks, led by ING as sole coordinator. The interest margin of the facilities will among others depend on Axpo's expansion of its renewable energy portfolio.
Bär & Karrer Advised the Founder on the Sale of SMSup8th February 2022 The founder of SMSup Sàrl, a fast-growing business messaging startup in Switzerland, sold SMSup Sàrl to F24 Schweiz AG.
Bär & Karrer Advises Xebia on the Acquisition of SwissQ Consulting12th January 2022 Xebia, a worldwide IT consultancy company with seat in the Netherlands and portfolio company of Waterland, has entered into a share purchase agreement regarding the acquisition of SwissQ Consulting AG from the founders. SwissQ Consulting AG is a Swiss company active in IT consulting services and related training services.
Bär & Karrer Advised OLX on the Sale of its Investment in Encuentra2412th January 2022 The OLX Group, classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world, sold its investment in Encuentra24.com AG, a leading general classifieds marketplace in five key LATAM markets, to Frontier Digital Ventures Pte Ltd, a leading owner and operator of online marketplace businesses in fast growing emerging markets.
Bär & Karrer Advises the Owners of Hoffmann SE on the Contribution of their Shares to SFS Group4th January 2022 The current owners of Hoffmann SE agreed to contribute 100% of the shares of Hoffmann SE to the SFS Group, which is listed on the SIX Swiss Exchange. Hoffmann SE is a leading international systems partner for quality tools which is active in over 50 countries with around 3,000 employees. A part of the purchase price will be paid in the form of SFS shares. Thus, the current owners of Hoffmann SE will become significant shareholders of SFS.
Bär & Karrer Advises the Shareholders of ERNI Real Estate on the Sale4th January 2022 ERNI Real Estate AG and its subsidiary ERNI Liegenschaften AG own a property of approximately 16,000 m2 in Wangen-Brüttisellen. The property comprises two buildings and an area of 12,000 m2 with development potential. The shareholders of ERNI Real Estate AG have sold their shares to Mobimo Holding AG.
Bär & Karrer Advised AgEagle on the Acquisition of senseFly16th December 2021 AgEagle Aerial Systems Inc. ("AgEagle"), an industry-leading provider of drones, sensors and software listed on the New York Stock Exchange, and Parrot, a leading European drone group, entered into an agreement under which AgEagle acquired senseFly, a Parrot Group wholly-owned subsidiary, in a cash and stock transaction. Founded in 2009 and headquartered in Lausanne, senseFly employs approximately 90 people and develops and produces a proprietary line of eBee-branded, high performance, fixed wing drones for professional use.
Bär & Karrer Advises IBM on the Spin-off of Kyndryl in Switzerland16th December 2021 IBM Switzerland spun off its managed infrastructure services business to Kyndryl Switzerland in support of the separation of that business globally from IBM to Kyndryl. Kyndryl is now trading on the New York Stock Exchange.
Bär & Karrer Advises Novartis on the Sale of its Roche Stake16th December 2021 On 3 November 2021, Novartis agreed to sell 53.3 million Roche bearer shares in a bilateral transaction to Roche for a consideration of USD 20.7 billion.
Bär & Karrer Advises the Sellers on the Sale of SpecPage16th December 2021 The shareholders of SpecPage, a global provider of integrated software solutions and online tools for the recipe-based manufacturing industry, have sold their shares to Revalize, a worldwide provider of sector-specific revenue operations software for manufacturers, their distributors and their specifiers.
Bär & Karrer Advised Chubb in the Placement of USD 1.6 Billion Senior Notes16th December 2021 On 15 September 2021, Chubb INA Holdings Inc. has priced the offering of USD 600 million Senior Notes due 2051 with an interest rate of 2.850% and USD 1 billion Senior Notes due 2061 with an interest rate of 3.050%. The Senior Notes are unconditionally guaranteed by Chubb Limited, Zurich, Switzerland, and are registered on NYSE. The underwriters were represented by BofA Securities, Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.
Bär & Karrer Advised iRobot on the Acquisition of Aeris Group16th December 2021 iRobot, a leading developer for consumer robots has acquired Aeris Cleantec Group. Founded in 2015, Aeris Cleantec is a rapidly growing company that develops and distributes high-quality air purifiers worldwide.
Bär & Karrer Advises Vifor Pharma in USD 11.7 Billion Transaction16th December 2021 On 14 December 2021, global biotechnology leader CSL Limited announced a tender offer for all shares in Vifor Pharma Ltd, a global specialty pharmaceutical company with leadership in iron deficiency, nephrology & cardio-renal therapies. The offer values Vifor Pharma at USD 11.7 / CHF 10.9 billion.
Bär & Karrer Advises the Founding Shareholders on the Sale of Appway to FNZ16th December 2021 FNZ, a leading global wealth management platform, has agreed to acquire Appway from its founding shareholders and Summit Partners. Appway is a leader in client onboarding and client servicing for financial institutions. The transaction is due to be completed early in the first quarter of 2022.
Bär & Karrer Advises TA Associates on its Investment in Adcubum16th December 2021 TA Associates, a leading global growth private equity firm, made a strategic growth investment in Adcubum AG, a leading Swiss health and property & casualty (P&C) insurance software provider, and tech11 GmbH, a fast-growing insurance software provider serving the P&C market in Germany and across Europe.
Bär & Karrer Advises Armira and Dr. Urs Spitz on the Sale of Biosynth Carbosynth3rd November 2021 Armira and CEO Dr. Urs Spitz have agreed to sell Biosynth Carbosynth to KKR & Co. Inc. Biosynth Carbosynth is a leading life sciences reagents, custom synthesis and manufacturing services company. CEO Dr. Urs Spitz and senior managers of the group will retain a significant ownership stake in the group. Completion of the transaction is subject to merger control approval.
Bär & Karrer Advises Customs Support Group on the Acquisition of Balimpex3rd November 2021 Customs Support Group B.V., a portfolio company of Castik Capital which is a leading independent, digital and neutral provider of Customs Services in Europe, acquired Balimpex AG from its founders. Balimpex is an international freight forwarding and customs company based in Switzerland.
Bär & Karrer Advises CVC in Connection with an Investment from Partners Group in Breitling29th October 2021 CVC Capital Partners and Partners Group entered into an investment and share purchase agreement regarding the acquisition of a significant minority stake in Breitling AG, one of the world's leading luxury watch manufacturers. Closing of the transaction is subject to approval by the relevant competition authorities.
Bär & Karrer Advises Exceet Group on the Sale of GS Swiss PCB15th October 2021 Exceet Group, which is listed on the Frankfurt Stock Exchange, has entered into an agreement for the sale of its portfolio company GS Swiss PCB AG to AFINUM. GS Swiss PCB AG is a manufacturer of highly miniaturized printed circuit boards for the medical technology and aerospace sectors.
Bär & Karrer Represents Canada Pension Plan Investment Board on Sportradar IPO15th October 2021 Bär & Karrer AG advised Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, as an investor in Sportradar in connection with Sportradar's initial public offering of 19,000,000 Class A ordinary shares at a price to the public of $27 per share. Sportradar is a leading global provider of sports betting and sports entertainment products and services. The shares are trading on the Nasdaq Global Select Market under the ticker symbol 'SRAD'.
Bär & Karrer Advises Blackstone on the Acquisition of a Majority Stake in VFS Global from EQT Private Equity15th October 2021 Blackstone, a leading global investment business investing capital on behalf of pension funds, large institutions and individuals, has entered into an agreement for the acquisition of a majority stake in VFS Global from EQT Private Equity. VFS Global is a pioneer in and the leading and world's largest provider of visa outsourcing services. EQT will retain a minority position in VFS Global alongside Blackstone and the Kuoni and Hugentobler Foundation.
Bär & Karrer Elects Four New Partners15th October 2021 Bär & Karrer is pleased to announce the election of Dr. Vera Naegeli, Cyrill Diefenbacher, Dr. Joel Fischer and Dr. Christian Kunz to the firm's partnership. The new partners will strengthen the firm's tax, internal investigations, financial institutions, white collar crime, M&A/corporate as well as data and technology practices. The appointments are effective as of 1 January 2022.
Bär & Karrer Advised Sandvik on the Acquisition of Accuratech Group11th October 2021 Sandvik Materials Technology, a leading developer and manufacturer of advanced stainless steels and special alloys, has acquired Accuratech Group. Accuratech Group is a niched medical component manufacturer headquartered in Switzerland.
Bär & Karrer Advised Renaissance Capital on a Note Repackaging of USD 15 Million in Common Shares of Acronis11th October 2021 Renaissance Capital, an investment firm with a focus on emerging markets, sponsored the repackaging transaction and acted as a dealer for the notes. E.M.I.S. Finance B.V., a Dutch limited recourse investment vehicle, issued secured notes in the aggregate amount of approx. USD 15 million and purchased the respective number of common shares in Acronis AG as the underlying securities.
Bär & Karrer Acted as Legal Advisor on the Sale of Tina Turner’s Portfolio of Music Rights to BMG11th October 2021 The international music company BMG acquired Tina Turner's portfolio of music rights and will partner with her to maintain and develop her musical treasure-trove and safeguard her legacy. The transaction includes Tina Turner’s artist’s share of her recordings, her music publishing writer’s share, neighboring rights and name, image and likeness. A 12-time Grammy winner, Tina Turner has published ten solo studio albums, two live albums, two soundtracks and five compilations, which together have sold over 100 million copies.Tina Turner said, “Like any artist, the protection of my life’s work, my musical inheritance, is something personal. I am confident that with BMG and Warner Music my work is in professional and reliable hands.”Bär & Karrer advised Tina Turner and her husband Erwin Bach in this transaction. The team included Daniel Bader and Martin Leu (both Tax), Michael Trippel (M&A), Markus Wang (IP), Ignaz Müller and Michael Rohrer (both Notarial Services).
Bär & Karrer Advises Mubadala Investment Company on its Investment in Open Mineral11th October 2021 A Mubadala Investment Company has acquired a stake in Open Mineral AG in its latest $33 million series C financing round, which was led by Mubadala among further co-investors. Open Mineral AG operates a digital trading platform for base metal commodities.
Bär & Karrer Advises Allianz Suisse on Reinsurance Solution for Legacy Portfolio of Individual Life Products6th October 2021 The persistent low interest rate environment over the past few years has prompted changes in the life insurance industry. Against this backdrop, Allianz Suisse Lebensversicherungs-Gesellschaft AG and the reinsurance company Resolution Re Ltd. have agreed on an innovative reinsurance solution to hedge interest rate commitments. Under the agreement, Resolution Re Ltd. will take over the market and insurance risks of a legacy portfolio of individual life insurance products, within the framework of quota share reinsurance. The products in the portfolio, which has a reserve volume of around CHF 4 billion, have been discontinued.
Bär & Karrer Advised Tecan on Placement of Shares by Way of an Accelerated Bookbuilding8th September 2021 Tecan Group Ltd. (SIX Swiss Exchange: TECN) has successfully placed 650,000 new registered shares in a private placement by way of an accelerated bookbuilding and completed a capital increase of approx. CHF 360 million to partially refinance the acquisition of Paramit Corporation. The offer price was set at CHF 550 per share. Credit Suisse Ltd. and Joh. Berenberg, Gossler & Co. KG acted as managers in this transaction.
Bär & Karrer Advises the Sellers on the Sale of Montana Capital Partners to PGIM Holdings Limited14th July 2021 The shareholders of Montana Capital Partners, a European-based private equity secondaries asset manager, have entered into a share purchase agreement regarding the sale of all shares to PGIM, the global investment management business of Prudential Financial, Inc. Completion is subject to regulatory approval.
Bär & Karrer Advises Triton on the Acquisition of Swiss IT Security Group14th July 2021 Bär & Karrer advises Triton Fund V advised by Triton on the acquisition of Swiss IT Security Group, a leading cyber security services provider in the DACH and Benelux regions, from Ufenau Capital Partners. The transaction is subject to regulatory approvals.
Bär & Karrer Advises Deutsche Börse on the Acquisition of a Majority Stake in Crypto Finance2nd July 2021 Deutsche Börse AG acquires a majority stake in Crypto Finance AG, a financial group under consolidated FINMA supervision that offers trading, storage, and investment in digital assets to institutional and professional clients.
Bär & Karrer Advises Tecan on Financing the Acquisition of Paramit Corporation28th June 2021 The SIX Swiss Exchange listed Tecan Group entered into an agreement to acquire US-based Paramit Corporation for a total purchase consideration of USD 1.0 billion. Paramit, headquartered in Morgan Hill (California/USA), is a leading OEM developer and manufacturer of medical devices and life sciences instruments.
Deutsche Börse Acquires Remaining Stake in Clearstream Fund Centre from UBS1st June 2021 Deutsche Börse AG acquires the remaining 49% stake in Clearstream Fund Centre AG from UBS AG for CHF 390 million and becomes the sole shareholder of Clearstream Fund Centre, a leading European fund distribution platform. The acquisition of the initial 51% stake had closed on 30 September 2020.
Bär & Karrer Advises GENUI on the Acquisition of labor team w1st June 2021 Doctors and laboratory specialists, together with the investment firm GENUI, acquired labor team w ag, one of the leading private medical laboratories in Switzerland. The laboratory provides professional services for the prevention, diagnosis, monitoring and treatment of diseases throughout Switzerland.
Bär & Karrer Advises Lonza on the Entering into a Strategic Partnership with Sanofi17th May 2021 Today, Lonza and Sanofi announced that they have entered into a strategic partnership to build and operate a large-scale mammalian cell culture facility for monoclonal antibody production in Visp, Switzerland. The large-scale facility will be established through a joint venture with an initial investment of around CHF 290 million shared equally between Lonza and Sanofi. The initial construction phase of the facility will commence in 2017, pending necessary regulatory approvals. The facility is expected to be fully operational by 2020.
Bär & Karrer Advises the Owners on the Sale of a Majority in FOSTAG7th May 2021
The owners of Fostag Formenbau AG (FOSTAG), a leading manufacturer of high performance injection moulds for medical, thin wall packaging and closure applications, have sold a majority in FOSTAG to a group of Swiss private investors led by BLR Partners.
Bär & Karrer Advises Cognita in a Transaction which Allows Obersee Bilingual School to Join Cognita7th May 2021
The leading global schools group Cognita, whose majority owner is Jacobs Holding, has acquired a majority stake in the Swiss-based Obersee Bilingual School (OBS). With provision from nursery to Matura, OBS bilingually educates currently 375 children and young people of the international community in Schwyz. The school offers the IB curriculum and the Swiss Matura.
Bär & Karrer Advised LEONI on the Sale of LEONI Schweiz23rd April 2021
LEONI AG, a leading German wire, cable and harnessing manufacturing group, sold its subsidiary LEONI Schweiz AG to a consortium of buyers led by former board member Bruno Fankhauser and Helvetica Capital AG, an independent investor focusing on companies in Switzerland and neighbouring regions. LEONI Schweiz AG is the holding company of LEONI Studer AG, a specialist in high-quality cables and wires for complex applications in the industrial and infrastructure sectors.
Bär & Karrer Advised Mobiliar on its Acquisition of flatfox19th April 2021
Mobiliar, a leading Swiss insurance company, has completed the acquisition of flatfox AG, a Swiss IT company specializing in the real estate market. Flatfox is a leading Swiss real estate portal and offers a free marketplace for properties, as well as innovative tools around the rental process.
Bär & Karrer Advises Sage on the Sale of its Swiss Business9th April 2021
The Sage Group, a market-leading provider of business software products and solutions, has entered into an agreement for the sale of its Swiss business to Infoniqa, a provider of HR software solutions majority-owned by Warburg Pincus. The transaction is subject to certain closing conditions and is expected to complete within the next twelve months.
Bär & Karrer Advises Imaweb on its Acquisition of Stieger Software9th April 2021
Imaweb, a developer of software solutions for automotive manufacturers and dealers (a portfolio company of PSG), purchased all shares in Stieger Software AG, a provider of comprehensive software solutions for garages, motorcycle businesses and shipyards.
Bär & Karrer Advises Gi Group on the Acquisition of Jobtome International9th April 2021
Gi Group, Italy’s largest multinational staffing company and one of Europe’s top 6 staffing companies, has completed the acquisition of Jobtome International SA, one of the world’s largest online job aggregators based in Switzerland with a presence in 35 countries.
Bär & Karrer Advises Valtech on the Acquisitions of Infocentric Research and Codeflair1st April 2021
Valtech S.E., a global digital agency specializing in business transformations, acquired all shares in Infocentric Research AG in December 2019. In addition, all shares in Codeflair AG were purchased in a follow-up transaction, which was completed in March 2021.
Bär & Karrer Advises Mainsail Partners and GTreasury on the Acquisition of Coprocess9th March 2021 GTreasury, a treasury and risk management platform provider, has acquired Coprocess SA, the leading provider of intercompany netting solutions.
Bär & Karrer Advises Equistone on the Acquisition of Franke Water Systems4th March 2021 Bär & Karrer advises funds advised by Equistone on the acquisition of Franke Water Systems AG (KWC and WSC Groups), an international manufacturer of intelligent water solutions for residential bathrooms, residential kitchens and commercial washrooms, from Franke Group. The transaction is subject to approval by the competent merger control authorities.
Bär & Karrer Advises Sellers on the Sale of a Majority Stake in PerfectHair.ch to Storskogen1st March 2021 The co-founders and further shareholders of PerfectHair.ch, a Swiss e-commerce platform for professional haircare and beauty products, have sold a majority stake in PerfectHair.ch to the Swedish private equity firm Storskogen.
Bär & Karrer Advises QSR International on the Acquisition of Swiss Academic Software22nd February 2021 QSR International LLC, a US based developer of research & educational software and a portfolio company of Rubicon Technology Partners, has acquired all shares in Swiss Academic Software GmbH, developer of the leading literature and knowledge management software Citavi.
Bär & Karrer Advises Lonza on the CHF 4.2 Billion Sale of Lonza’s Specialty Ingredients Business to Bain Capital and Cinven11th February 2021 On 8 February 2021, Lonza entered into a definitive agreement with Bain Capital and Cinven to sell Lonza's Specialty Ingredients business and operations for an enterprise value of CHF 4.2 billion. The divestment will allow Lonza to refocus its business as a pure-play partner to the healthcare industry.
Bär & Karrer Advises the Netrics Group on the Acquisition of a data center in Biel9th February 2021 Together with HRS, the Netrics group, a portfolio company of Waterland Private Equity, takes over the state-of-the-art data center in the Bözingenfeld industrial area of Biel, thus taking another logical step in its growth strategy.
Bär & Karrer Advises CVC Capital Partners on its Partnership with FIVB8th February 2021 CVC Capital Partners (CVC), one of the world's leading private equity firms, will partner with Fédération Internationale de Volleyball (FIVB), the world governing body of the sport of volleyball, in the newly founded joint-venture VW Volleyball World SA. VW Volleyball World SA will be responsible for the commercial operation of key volleyball and beach volleyball events, including the World Championships, Olympic Qualifiers and the Volleyball Nations League. The partnership will particularly focus on event hosting, fan experience, media, data and digital opportunities, as well as sponsorship.
Bär & Karrer Advises FE fundinfo on the Acquisition of CSSP21st January 2021 FE fundinfo, a global fund data and technology provider, acquired CSSP – Center for Social and Sustainable Products AG, an innovative business focusing on ESG and carbon investment reporting solutions.
Bär & Karrer Advised Savex Capital on Obtaining its FINMA License21st January 2021 In January 2021, Savex Capital AG started operating as a fully licensed Swiss asset manager of collective investment schemes.
Bär & Karrer Advises on Swiss Regulatory Aspects of the Merger of Insurance Groups Provinzial NordW7th January 2021 Provinzial NordWest Holding AG and Provinzial Rheinland Holding AöR merged by way of a spin-off whereby Provinzial Rheinland Holding AöR transferred the part of its assets relating to the insurance business, in particular its holdings in the insurance companies of the group, to Provinzial Nordwest Holding AG. In return, Provinzial Rheinland Holding AöR received new shares in Provinzial Nordwest Holding AG and now has a stake in the merged company. By entry in the commercial register and conversion into Provinzial Holding AG on 31 August, the merger became as planned effective as of 1 January 2020.
Bär & Karrer Advised the Shareholders on the Sale of Webnode to team.blue7th January 2021 The shareholders of Webnode AG sold their shares to team.blue, one of the largest hosting providers in Europe. Webnode is one of the leading website builder companies in Europe.
Bär & Karrer Advises Partners Group on the Acquisition of a Significant Equity Stake in Telepass7th January 2021 Partners Group, the global private markets investment manager, acquired a significant equity stake in Telepass S.p.A. ("Telepass"), a leading electronic toll collection services provider in Europe. Following the acquisition, Partners Group will be the joint owner of Telepass with its current investor Atlantia S.p.A. The transaction values Telepass at an enterprise value of over EUR 2 billion.
Bär & Karrer Advises Partners Group on the Acquisition of a Significant Equity Stake in Telepass7th January 2021 Partners Group, the global private markets investment manager, acquired a significant equity stake in Telepass S.p.A. ("Telepass"), a leading electronic toll collection services provider in Europe. Following the acquisition, Partners Group will be the joint owner of Telepass with its current investor Atlantia S.p.A. The transaction values Telepass at an enterprise value of over EUR 2 billion.
Bär & Karrer Successfully Represented Respondent in Setting-Aside Proceedings before the Swiss Fede10th December 2020
Bär & Karrer successfully represented a Turkish construction company against the State of Libya in setting-aside proceedings before the Swiss Federal Supreme Court in connection with an ICC award issued in an investment treaty arbitration. The underlying claims arose out of construction projects commissioned by the State of Libya.
Bär & Karrer Advises Castik Capital on the Sale of Acrotec Group10th December 2020 Castik Capital entered into a share purchase agreement with Carlyle Group regarding the sale of the Acrotec Group. Acrotec Group is an independent supplier of watch components for the Swiss luxury mechanical watch market, a main player in the European MedTech components market and a supplier of high precision components for various end markets such as automotive, aerospace, aeronautics, electronics and consumer goods. The transaction is subject to antitrust approval.
Bär & Karrer Advised the forteq Group on the Sale of forteq Nidau to Liberta Partners7th December 2020 Bär & Karrer advised the forteq Group, a global supplier of complex plastic components, on the sale of the forteq Nidau AG (healthcare business) to Liberta Partners, Munich. The forteq Group will focus on its core activities in the automotive industry.
Bär & Karrer Advises EMZ Partners on the Acquisition of a Majority Stake in Assepro3rd December 2020 EMZ Partners, a European Private Equity company, has agreed to acquire a majority stake in Assepro, a leading independent insurance broker group with a focus on small and medium-sized enterprises in Switzerland covering a broad value chain including brokerage, insurance advisory, risk management, pension schemes, financial/pension planning and employee benefits.
Bär & Karrer Advises Valora on its Share Placement24th November 2020 Valora Holding AG completed a placement of shares by way of an accelerated bookbuilding process raising net proceeds of approximately CHF 70 million. Credit Suisse and UBS acted as Joint Bookrunners.
Bär & Karrer Advises the Managers in CHF 18.6 Million Rights Offering of Kuros Biosciences.29th October 2020
On 23 October 2020, Kuros Biosciences, a life science company focusing on the development and marketing of orthobiologics, completed a capital increase by way of a rights offering to its shareholders. 50.2% of the shareholders of Kuros Biosciences exercised their subscription rights in the rights offering. The remaining 4,192,530 offered shares were placed in the market and an additional tranche of 1,915,203 shares was sold to Optiverder B.V. The offer price was set at CHF 1.80 per share.
Bär & Karrer Advised Credit Suisse, J.P. Morgan and BofA Securities in the Rights Offering of Idors29th October 2020
On 23 October 2020, Idorsia Ltd completed a capital increase by way of an at-market rights offering. The offer price was set at CHF 22.50 per share and the capital increase resulted in gross proceeds of approximately CHF 535.5 Million. Idorsia intends to use the net proceeds of approximately CHF 520 Million to support the regulatory filing and, if approved, commercial launch of daridorexant and to fund the further development of its diversified pipeline. Credit Suisse, J.P. Morgan and BofA Securities acted as Joint Bookrunners in connection with the rights offering.
Bär & Karrer Advised Syngenta on its Acquisition of a Production Facility from Novartis29th October 2020
Syngenta Crop Protection AG, a global leading chemical crop protection company, acquired a production facility located on the GETEC PARK.SWISS area from Novartis Pharma Schweizerhalle AG.
Bär & Karrer Advised OLX on its Cooperation with Encuentra2429th October 2020
Bär & Karrer Advises BancaStato on the Acquisition of Ticino-based Retail Business Lines from EFG I29th October 2020
Bär & Karrer Advised Crédit Agricole next bank (Suisse) on its Covered Bond Programme29th October 2020
On 18 August 2020 Crédit Agricole next bank (Suisse) SA established its first Covered Bond Programme, in a maximum aggregate principal amount of CHF 2 billion, guaranteed as to payments of interest and principal by CAnb (Suisse) Hypothèques SA. An initial series of covered bonds, in an amount of CHF 200 million, due in September 2029, was issued on 18 September 2020 and listed on SIX Swiss Exchange.
Bär & Karrer Assisted CONMEBOL before the Swiss Prosecuting Authorities in the Recovery of more tha29th October 2020
Bär & Karrer successfully assisted the current administration of the South American Football Confederation (CONMEBOL) in the restitution of more than CHF 36 million in the course of various Swiss criminal proceedings opened in connection with CONMEBOL’s former president, Nicolas Leoz and its former secretary general, Eduardo Deluca.
Bär & Karrer Advises Patrimonium on the Acquisition of a Majority Stake in the ROTH GROUPE29th October 2020
Bär & Karrer Advises the Shareholders on the Sale of NEPLAN to PSI29th October 2020
The shareholders of NEPLAN AG, a Swiss network planning software specialist, sold their shares to PSI group.
Bär & Karrer Advises Sovereign Capital Partners in the MBO of ACOLIN29th October 2020
Bär & Karrer Advises Avaloq and Warburg Pincus on the Sale of Avaloq to NEC29th October 2020
Bär & Karrer Advises Fideuram – Intesa Sanpaolo Private Banking29th October 2020
Bär & Karrer Advises Vifor Pharma on the Sale of OM Pharma29th October 2020
Bär & Karrer Advised Novartis on the Placement of EUR 1,85 Billion Sustainability-Linked Bonds29th October 2020
Bär & Karrer Advises PSP Swiss Property on the Acquisition of Three Attractive Commercial Buildings29th October 2020
Bär & Karrer Advises Ares Management22nd September 2020 Ares Management Corporation ("Ares"), a global alternative investment manager, that invests across Credit, Private Equity and Real Estate, invested in Peach Property Group AG ("Peach") by subscribing to approx. CHF 150 million of a mandatory convertible bond issued by Peach, a real estate company listed on SIX Swiss Exchange. With a shareholding of approx. 30 percent, Ares will become the largest single shareholder of Peach and will receive tailored governance rights at Peach, subject to EGM approval. The investment enables the financing of Peach’s recently announced acquisition of 10,250 apartments in Germany.
Bär & Karrer Advises the Shareholders on the Sale of a Majority Interest in Amorana.ch to Lovehoney21st September 2020 The shareholders of Bluebox Shop AG, operator of the online erotic store Amorana.ch, have sold a majority of their shares to Lovehoney Limited, a portfolio company of Telemos Capital.
Bär & Karrer Advises Swiss International Air Lines and Edelweiss Air on its CHF 1.5 Billion Credit25th August 2020 Swiss International Air Lines AG and Edelweiss Air AG have entered into a CHF 1.5 billion revolving credit facility agreement with Credit Suisse (Schweiz) AG and UBS Switzerland AG as mandated lead arrangers, coordinators and lenders and additional banks as part of a syndicate. The Swiss Confederation, represented by the Swiss Federal Department of the Environment, Transport, Energy and Communications, acted as surety provider covering 85% of the credit. The financing is linked to certain Swiss location policy measures. Deutsche Lufthansa AG and the German government have agreed to this financing as well.
Swiss investment firm Capvis has agreed to acquire a majority stake in BSI Business Systems Integration AG20th August 2020 Swiss investment firm Capvis has agreed to acquire a majority stake in BSI Business Systems Integration AG, a customer relationship management (CRM) software solution provider that operates primarily in Switzerland, Germany and Austria.
Bär & Karrer Advised the International Surfing Association (ISA) in a Landmark Decision19th August 2020 On 6 August 2020, The Court of Arbitration for Sport (CAS) reached a decision on a dispute between the International Surfing Association (ISA) and the International Canoe Federation (ICF), to award the governance of the sport of Stand-Up Paddelboard (SUP) at Olympic Level to the ISA. Both International Federations claimed that the governance of SUP would fall into their respective fields of competence. The ISA welcomed the decision and will continue to work for the growth of the sport of SUP on an international level.
Bär & Karrer Advised the Banking Syndicate on the Placement of New Shares of Molecular Partners19th August 2020 Molecular Partners successfully placed 5'528'089 new shares to institutional investors by way of an accelerated book-building process in a private placement. The offer price was set at CHF 14.50 per share. The gross proceeds from the placement amounted to CHF 80.2 million. The proceeds from the capital increase will be used to fund research & development activities as well as for general corporate purposes.SVB Leerink LLC, Cowen and Company, LLC, Van Lanschot Kempen Wealth Management N.V. and Credit Suisse AG acted as Joint Bookrunners.Bär & Karrer acted as legal counsel to the banking syndicate. The team included Thomas Reutter, Alexander von Jeinsen, Annette Weber and Audrey Benzow (all Capital Markets).
Bär & Karrer advises Migros-Genossenschafts-Bund on the Sale of Shopping Center19th August 2020 Migros-Genossenschafts-Bund sold the shopping center Glatt to Swiss Life AG. The Glattzentrum in Wallisellen (ZH) is one of Switzerland's largest and most popular shopping centers. Bär & Karrer advised the Migros-Genossenschafts-Bund on the sale. The Team included Corrado Rampini and Kilian Müller (both Real Estate), as well as Christoph Neeracher and Raphael Annasohn (both M&A).
Bär & Karrer Advises Majority Shareholders of Alpiq Holding in Public Offer19th August 2020 Schweizer Kraftwerksbeteiligungs-AG, a subsidiary of CSA Energy-Infrastructure Switzerland, acting in concert with Primeo Energy/KSM and EOS Holding, launched a public tender offer on all publicly held shares in Alpiq Holding, which was completed in October 2019. Subsequently a squeeze-out merger was resolved, which was completed on 29 June 2020. As a result of these transactions, Alpiq Holding now has a Swiss shareholder structure.
Bär & Karrer Advised Pregnolia in Series A Financing Round19th August 2020 Pregnolia AG, a femtech startup company, has successfully raised over CHF 4 million in its Series A financing round. Pregnolia specialises in the early diagnosis of premature birth.
Bär & Karrer Advises Lupa Systems, the Likely New Anchor Shareholder in MCH Group19th August 2020 On 10 July 2020, MCH Group AG announced a comprehensive set of measures, including a new anchor investor, Lupa Systems LLC, an independent private investment company owned by James Murdoch.
Bär & Karrer Advises Hg on its Investment in F24 AG19th August 2020 Hg acquires a majority stake in F24 AG, a leading European SaaS provider of emergency notification, crisis & incident management und critical communications.
Bär & Karrer Advised Swiss Re on the Update of its USD 10 Billion Debt Issuance Programme19th August 2020 The Swiss Re group has recently updated its USD 10 billion Debt Issuance Programme, and thereunder has issued (i) EUR 800 million Guaranteed Subordinated Fixed Rate Reset Step-Up Callable Notes with a scheduled maturity in 2052 and (ii) SGD 350 million Guaranteed Subordinated Fixed Rate Reset Callable Notes with a scheduled maturity in 2035.
Bär & Karrer Advised Goldman Sachs and UBS on the Placement of new Convertible Bonds19th August 2020 On 28 July 2020, Basilea Pharmaceutica completed the offering of approximately CHF 97 million 3.25% convertible bonds due 2027 to finance the repurchase of a part of Basilea's existing convertible bonds due 2022. With the repurchase of part of its existing bonds financed by newly issued bonds, Basilea was able to extend its debt maturity profile and to optimize its debt structure. The reference price for the conversion price of the new convertible bonds was set by the placement of shares in Basilea.
Bär & Karrer Advised Credit Suisse and Zürcher Kantonalbank on Meyer Burger Technology’s Rights19th August 2020 On 29 July 2020, Meyer Burger Technology AG completed a capital increase comprising a rights offering to its shareholders and a private placement to selected investors, resulting in gross proceeds of approximately CHF 165 million. Meyer Burger intends to use the proceeds to finance the strategic transformation from a supplier of photovoltaic production equipment to a manufacturer of solar photovoltaic cells and modules and the related ramp-up of production capacities. Credit Suisse acted as Global Coordinator and Joint Bookrunner and Zürcher Kantonalbank acted as Joint Bookrunner in connection with the rights offering.
Bär & Karrer Advised on Polyphor’s up to CHF 19.3 Million Equity-Linked Financing19th August 2020 Polyphor AG announced that it has entered into an equity-linked financing arrangement with the French company IRIS to raise a gross amount of up to CHF 19.3 million over a period of two years. Under the innovative financing instrument, IRIS will receive Polyphor shares to be created from the company's conditional capital based on an interest-free mandatory convertible bonds program.
Bär & Karrer Advises freenet in Connection with the Obligation to Sell its 24,42% Interest in Sunrise Communications Group in the Context of the Tender Offer Launched by Liberty Global19th August 2020 Bär & Karrer Advises freenet in Connection with the Obligation to Sell its 24,42% Interest in Sunrise Communications Group in the Context of the Tender Offer Launched by Liberty Global
Bär & Karrer Advises SIG Combibloc Group on its EUR 1.85 Billion Refinancing18th August 2020 SIG Combibloc PurchaseCo S.à r.l., a subsidiary of SIG Combibloc Group, has issued EUR 450 million Senior Unsecured 1.875% Notes due 2023, as well as and EUR 550 million Senior Unsecured Notes 2.125% due 2025. Certain subsidiaries of SIG Combibloc Group have also entered into new sustainability-linked EUR 850 million loan facilities. The net proceeds from these transaction are used to refinance the existing group financing.
Bär & Karrer Advises Tineo on the Acquisition of netrics18th August 2020 Tineo, a portfolio company of Waterland Private Equity, has acquired netrics. netrics is a Swiss based cloud pioneer and managed services provider. The Tineo Group and netrics form a new cloud and ICT service provider in Switzerland. netrics brings to the joint portfolio specialist expertise in digitalization using the public cloud, as well as modern workplace services.
Bär & Karrer Successfully Represented UEFA before the Supreme Federal Court18th August 2020 Bär & Karrer successfully represented the UEFA before the Swiss Federal Tribunal against the club KS Skënderbeu. The Swiss Federal Tribunal confirmed an important CAS decision within the ambit of the fight against game tampering. The club received a 10 year suspension in 2018 from all UEFA club competitions and was fined for EUR 1 million.
Bär & Karrer boosts its Tax Practice with Raoul Stocker as Partner15th June 2020 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 Business10th June 2020
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 40%.
Bär & Karrer has Advised SBB on the Sale of a 35% Stake in SBB Cargo28th May 2020 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 Advises Initial Purchasers in USD 675 Million Notes Offering by Viking20th May 2020 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 and river cruises worldwide. The notes are indirectly secured through collateral over 20 Swiss-registered river vessels.
Bär & Karrer Advised the Founders on the Sale of a Majority Stake in the zahnarztzentrum.ch Group17th May 2020 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.
Bär & Karrer Advises Herkules on the Sale of Odlo to Monte Rosa17th May 2020 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.
Bär & Karrer Advises the Shareholders on the Sale of Swissbit Group to Ardian.17th May 2020 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.
Bär & Karrer Advised Open Systems on the Purchase of BITC17th May 2020
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.
Bär & Karrer Advises Saint-Gobain on the Sale of Sika Shares for CHF 2.56 Billion17th May 2020 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").
Bär & Karrer Advises Appway and its Shareholders in Connection with a USD 37 Million Investment17th May 2020 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.
Bär & Karrer Advised Merrill Lynch International and UBS on the Placement of CHF 175 Million 0.275%29th April 2020 Zur Rose Group is the largest e-commerce pharmacy in Europe. On 31 March 2020, Zur Rose Finance B.V. successfully placed CHF 175 million 0.275% bonds due 2025 guaranteed by and convertible into shares of Zur Rose Group AG. The bonds were issued at 100% of their principal amount and will mature on 31 March 2025. The proceeds will be used, among others, to rapidly adjust to the significantly increased levels of demand for vital medication offered by online pharmacies since the beginning of the COVID-19 crisis.
Bär & Karrer Advised Screening Eagle Technologies and its Majority Shareholder on the CHF 55 Million29th April 2020 Screening Eagle Technologies, a cloud-based technology platform connecting sensors, software, and data for intelligent inspection of assets and infrastructure, has raised CHF 55 million in its first institutional round of equity funding.
Bär & Karrer Advised the Banking Syndicate on the Acquisition Financing of ams for Osram29th April 2020 On 3 April 2020, ams AG completed a capital increase by way of a rights offering raising gross proceeds of approximately CHF 1.75 billion. The proceeds will be used to partially finance the acquisition of OSRAM Licht AG. The banking syndicate was led by HSBC and UBS acting as joint global coordinators.
Bär & Karrer Advised on Santhera’s up to CHF 24 Million Equity-Linked Financing29th April 2020 Santhera Pharmaceuticals Holding AG announced that it has entered into an equity-linked financing arrangement with IRIS (France) in the initial gross amount of up to CHF 12 million over 12 months, with the option to extend by another CHF 12 million over another 12 months. This innovative financing instruments provides Santhera with a liquidity line which can be tapped if certain conditions are satisfied.
Bär & Karrer Advises Nouryon on the Divestment of its Redispersible Polymer Powders Business29th April 2020 Nouryon, a global chemical company, divested its redispersible polymer powders (RPP) business, offered under the Elotex brand, to Celanese Corporation.
Bär & Karrer Advised Maxburg Beteiligungen III GmbH & Co. KG on the Acquisition of saracus consult29th April 2020 Maxburg Beteiligungen III GmbH & Co. KG ("Maxburg"), advised by Maxburg Capital Partners has purchased saracus group, an IT consultancy firm based in Germany and Switzerland.
Bär & Karrer Advised Banque Cantonale de Genève on the Increase of the Capital of La Foncière1st April 2020 La Foncière, a real estate fund governed by articles 58 et seq. of the Swiss Collective Investment Schemes Act, completed from 16 to 25 March 2020 an increase by 10% of the number of its units (parts) listed on the SIX Swiss Exchange. The 1'237'107 additional units were fully subscribed to, in spite of most challenging market conditions. These additional units have been listed on 31 March 2020.
Bär & Karrer Advises Shareholders of Solvias in Connection with Investment by Water Street5th March 2020 Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced that it has signed a definitive agreement to invest in Solvias AG, one of the largest independent pharmaceutical laboratory platforms in Europe.
Bär & Karrer Advises Novartis on the Financing of the Acquisition of The Medicines Company20th February 2020 In connection with the acquisition of NASDAQ-listed biopharmaceutical company The Medicines Company for USD 9.7 billion, Novartis AG and Novartis Finance Corporation entered into a USD 7 billion short-term (bridge) credit agreement and completed a USD 5 billion four-tranche SEC-registered bond offering. Bär & Karrer acted as Swiss legal advisor to Novartis in this transaction.
Bär & Karrer Advised Open Systems on the purchase of Sqooba7th February 2020 EQT portfolio company Open Systems AG, a secure access service edge (SASE) pioneer, has acquired Sqooba (Schweiz) AG from its founders. Sqooba is a Swiss-based leader in big data analytics.
Bär & Karrer Advises la Mobilière on the Acquisition of a 25% Stake in Ringier7th February 2020 La Mobilière acquires a stake of 25% of the shares in Ringier AG. The share purchase is to be completed in the first half of 2020.
Bär & Karrer Advises Migros-Genossenschafts-Bund on the Sale of Globus7th February 2020 Migros-Genossenschafts-Bund (MGB) sold Magazine zum Globus AG along with eight associated real estate properties to a joint venture of SIGNA and CENTRAL Group. SIGNA and CENTRAL jointly own Germany’s KaDeWe Group and CENTRAL Group currently owns Italy’s Rinascente and Denmark’s Illum, all leading luxury department stores in Europe. The transaction is subject to approval by the competent merger control authorities.
Bär & Karrer Advised the von Finck Family on the Placement of SGS Shares7th February 2020 The von Finck family successfully placed 960,000 shares (approx. 12.7%) in SGS SA by way of an accelerated bookbuilding process. The overall transaction volume amounts to CHF 2.3 billion. In light of its long-term investment strategy and planning, the family decided to divest a majority of its stake in SGS.
Bär & Karrer Advises CSS on the Sale of its Corporate Business to Zurich21st January 2020 CSS Versicherung AG is selling its corporate business to Zurich Switzerland. Approximately 30,000 customers of CSS Versicherung with policies in the mandatory accident insurance under the Federal Law on Accident Insurance, supplementary accident insurance under the Federal Law on Insurance Contracts, and collective daily sickness benefit insurance under the Federal Law on Insurance Contracts will transfer to Zürich Versicherungs-Gesellschaft AG. Further, 68 employees of CSS will change to Zurich Switzerland. With this transaction, CSS is creating the conditions for focusing on its core business in the future and advancing its position as a health partner. The transaction is subject to approval by the Swiss Financial Market Supervisory Authority (FINMA) and merger control clearance by the Competition Commission (COMCO).
Bär & Karrer Advises Waters on the Acquisition of Andrew Alliance20th January 2020 Waters Corporation, a leading specialty measurement company, has announced the acquisition of Andrew Alliance, a Switzerland based company specializing in laboratory automation technology.
Bär & Karrer Advises Far Point Acquisition Corporation on the Announced Business Combination with G20th January 2020 Far Point Acquisition Corporation (NYSE: FPAC; "Far Point"), a special purpose acquisition company (SPAC) co-sponsored by the institutional asset manager Third Point LLC, and Swiss-based Global Blue, a strategic technology and payments partner empowering global merchants to capture the growth of international shoppers, have announced that they will merge, as a result of which Global Blue will become a publicly traded company on the New York Stock Exchange. The new public company will be incorporated in Switzerland. Far Point and new investors, including Ant Financial Services Group, the operator of Alipay, will invest a total of approximately USD 1.0 billion reflecting a total enterprise value of EUR 2.3 billion of Global Blue. The transaction is subject to customary closing conditions.
Bär & Karrer Advises on SHL Medical Minority Investment15th January 2020 The majority shareholder of SHL Medical AG and EQT VIII Fund have entered into an agreement regarding the acquisition of a minority stake in SHL Medical.
Bär & Karrer Advises AON Schweiz on the Acquisition of Assimedia13th January 2020 In January 2020, AON Schweiz AG, a leading global service provider for risk management, insurance and reinsurance brokers as well as adviser on human resources, has acquired 100% of the shares of Assimedia SA, an all-branch insurance broker based in Locarno, Switzerland. This transaction will allow AON Switzerland to extend its market presence, by expanding its insurance and re-insurance broking business in the Italian speaking part of Switzerland.
Bär & Karrer Advises Syngenta on the Sale and Leaseback of its Global R&D Center in Stein10th January 2020 Syngenta sold its global R&D center in Stein/Sisseln (AG) in a 30-year sale and leaseback. The site of 180'000 sqm was acquired by Schroder ImmoPlus, a fund managed by Schroders.
Bär & Karrer Advised DHL on the Sale of its Swiss Supply Chain Business to Fastlog10th January 2020 DHL Logistics (Schweiz) AG sold its Swiss supply chain business to Fastlog AG, a Swiss service and logistics provider.
Bär & Karrer Advises Hg on the Acquisition of P&I7th January 2020 07.01.2020Private equity investor Hg has acquired Personal und Informatik AG (P&I), a leading provider of cloud-based HR software. The company was sold by funds advised by Permira, the global private equity firm, who remain invested with a substantial minority stake. The transaction represents the 4th investment from the Hg Saturn 1 Fund, which had its first close in early 2018 and focuses on software businesses with enterprise values of more than GBP 1 billion.
Bär & Karrer Advises Terna on its Acquisition of Brugg Kabel23rd December 2019 Terna, an Italian listed company operating the biggest electricity transmission grid in Europe, purchased from BRUGG GROUP 90% of the shares in Brugg Kabel, which is producing industrial cables and provides related services.
Bär & Karrer Advised Polhem Infra on its Investment in Solör Bioenergy23rd December 2019 Polhem Infra, a company formed in 2019 by the First, Third and Fourth AP Fund (Swedish National Pension Funds), acquired 21 per cent of the shares in Solör Bioenergi Holding from existing shareholders. Solör Bioenergy is a leading provider of renewable energy based on wood fuel and district heating in Sweden and Norway.
Bär & Karrer Advises ALTANA on the Acquisition of Schmid Rhyner23rd December 2019 The German specialty chemicals group ALTANA is taking over the Swiss overprint varnish specialist Schmid Rhyner AG from Swiss listed Conzzeta AG. Schmid Rhyner, founded in 1880 and employing around 80 people, specializes in print finishing solutions and sells its products in over 100 countries worldwide.
Bär & Karrer Advises Elvaston Capital Management on its Acquisition of Informing17th December 2019 Elvaston Capital Management GmbH, an entrepreneur-led private equity firm, purchased all shares in Informing AG through its acquisition vehicle Step Ahead Group GmbH. Informing develops and supports business software (ERP) and provides professional IT-Services.
Bär & Karrer Advises Ardian on the Sale of the Competence Call Center Group17th December 2019 Ardian and other sellers agreed to sell the Competence Call Center Group to TELUS International.
Bär & Karrer Advises Pharmalys Holding Invest on the Purchase of the Majority Interest in the Pharm17th December 2019 Pharmalys Invest Holding AG, which is controlled by Amir Mechria, owned49% of Pharmalys Laboratories SA, Pharmalys Africa Sarl and Pharmalys TunisiaSA and has now purchased the remaining 51% of the shares in these companiesfrom Hochdorf Holding AG.
Bär & Karrer Advises Valyo on Innovative Capital Market Platform17th December 2019 Valyo AG, a subsidiary of Raiffeisen Switzerland, has developed an innovative digital platform for issuances of exchange listed bonds geared towards institutional investors. The Valyo platform, intended to be launched in the first quarter of 2020, enables issuers to carry out all steps from the initial registration of a planned issuance through the book building process to closing and listing of the bond issuance in an integrated digital process.
Bär & Karrer Advises Priora Suisse on the Sale of a Real Estate Portfolio13th December 2019 Priora Suisse AG sold a total of 36 properties (buildings and land) to the Flughafen Zürich AG, which are located directly adjacent to the airport perimeter. The properties include, amongst others, hangars, the catering building including car parking and multiple buildings for engine maintenance.
Bär & Karrer Advises Capvis on Purchase of Tertianum Group from Swiss Prime Site13th December 2019 Capvis, a leading Swiss investment firm, has agreed to acquire the Tertianum group from Swiss Prime Site AG. Tertianum is a market leader for elderly care and assisted living in Switzerland with over 80 residential and care centres as well as residences distributed throughout Switzerland.
Bär & Karrer Advises BVK and UI on the Purchase and Financing of a Swiss Real Estate Portfolio13th December 2019 Bayerische Versorgungskammer (BVK), Germany's largest public pension group, acquired, through a fund managed by Universal-Investment (UI), a real estate portfolio comprising of 14 mainly commercial properties in Switzerland, partially financed by a banking syndicate. With this transaction, BVK enters the Swiss real estate market.
Bär & Karrer Advises the Managers in the Rights Offering of Kuros Biosciences13th December 2019 On 6 December 2019, Kuros Biosciences, a life science company focusing on the development and marketing of orthobiologics, completed a capital increase by way of a rights offering to its shareholders. 36.3% of the shareholders of Kuros Biosciences exercised their subscription rights in the rights offering. 2,818,718 of the remaining shares not subscribed were preferably allocated to Optiverder B.V. and further remaining shares were placed in the market. The offer price was set at CHF 1.95 per share.
Bär & Karrer Advises MET Group on the Sale of a 20% Stake in MET Holding13th December 2019 Keppel Infrastructure Holdings Pte Ltd, through Keppel Energy Switzerland Holding AG, an indirect wholly owned Keppel Infrastructure subsidiary to be incorporated in Switzerland, is acquiring a 20% stake in MET Holding AG, an integrated European energy company headquartered in Switzerland. In addition, the two companies will enter into a strategic partnership to jointly explore investment opportunities focusing on European energy infrastructure assets. The transaction is subject to customary merger clearance requirements.
Bär & Karrer wins Mergermarket award for Switzerland M&A Legal Adviser of the Year 201913th December 2019 At the Mergermarket European Awards Ceremony held in London on 4 December 2019, Bär & Karrer was recognized as "Switzerland M&A Legal Adviser of the Year" for the second time in a row.
Bär & Karrer Advises Summer Capital on Strategic Partnership regarding Swiss Education Group13th December 2019 Summer Capital, an Asia based investment company, has entered into a strategic partnership regarding Swiss Education Group Holding AG through a sale and reinvestment transaction. Swiss Education Group Holding is the holding company of Swiss Education Group, a leading hospitality management education group that operates numerous schools in Switzerland.
Bär & Karrer Advised Verium on the Acquisition of a Significant Minority Stake in DSwiss13th December 2019 A group of investors represented by the multi-family office Verium AG acquired a significant minority stake in DSwiss AG, a provider of highly secure digital services.
Bär & Karrer Advises xFarm in Series A Financing Round13th December 2019 The Swiss start-up company xFarm raises EUR 3 million in a financing round involving United Ventures and TiVenture. xFarm SA operates a SaaS (Software as a Service) platform that aims to facilitate the digitalization of agricultural businesses, simplifying data collection and analysis, improving the efficiency and sustainability of agricultural fields.
Bär & Karrer Advised the Canton of Geneva on Green Bond Issuance2nd December 2019
On 28 November 2019 the Canton of Geneva issued green bonds listed on the SIX Swiss Exchange in an aggregate amount of CHF 660 million. The issuance was made according to the Green Bond Principles published by the International Capital Market Association, and divided into three respective tranches of CHF 175 million with a maturity in 2028, CHF 200 million with a maturity in 2039 and CHF 285 million with a maturity in 2032.
Bär & Karrer Advised Jacobs Holding on the Placement of Barry Callebaut Shares2nd December 2019
Jacobs Holding AG successfully placed 550,000 shares (approx. 10%) in Barry Callebaut AG by way of an accelerated bookbuilding process and a simultaneous private placement. Jacobs Holding thus diversified its portfolio while remaining Barry Callebaut's reference shareholder with a stake of approximately 40%. Jacobs Holding is an investment company founded by entrepreneur Klaus J. Jacobs. The only economic beneficiary of Jacobs Holding is the Jacobs Foundation, one of the world's leading charitable foundations for the promotion of development opportunities for children and young people.
Bär & Karrer Advised Xonnel on the Sale of Küchler26th November 2019 Xonnel AG sold its timber trading business "Küchler" to Woodpecker Holding AG, a group of leading timber trading companies in Switzerland. Küchler is a heritage brand in the timber trading sector since 1832.
Bär & Karrer Advises Banque Cantonale de Genève on the Placement of CHF 135 Million Additional Tie15th November 2019
Banque Cantonale de Genève successfully completed the placement of CHF 135 million perpetual additional tier 1 subordinated bonds. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 1.875%. Banque Cantonale de Genève, UBS AG, Bank Vontobel AG and Bank J. Safra Sarasin acted as Joint Lead Managers.
Bär & Karrer Advised the Sellers of 3 Plus Group13th November 2019 The owners of 3 Plus Group sold the Swiss broadcasting group to CH Media, one of the largest media companies in Switzerland.Bär & Karrer acted as legal advisor to the sellers in this transaction.
Bär & Karrer Advises Farner Consulting on the Acquisition of Rod Kommunikation11th November 2019 Farner Consulting has acquired Rod Kommunikation, a Zurich-based communication agency.
Bär & Karrer Advises Blackstone on the Acquisition of the European Distribution Business of CRH plc11th November 2019 Private equity funds managed by Blackstone acquired the European distribution business of CRH plc, a global leading group in the building material industry, from CRH plc for an enterprise value of €1.64 billion.
Bär & Karrer wins Nora Teuwsen as Partner and member of its management11th November 2019 Bär & Karrer is pleased to announce that it further strengthens the firm with the arrival of Nora Teuwsen, who has decided to join Bär & Karrer as partner and member of the management as of 1 January 2020.
Bär & Karrer Advises Tineo on the Acquisition of nexellent11th November 2019 Tineo, a portfolio company of Waterland Private Equity, has acquired nexellent. Both Tineo and nexellent are providers of IT infrastructure and related services. The nexellent management has reinvested into the Tineo group. Bär & Karrer acted as legal advisor to Tineo in this transaction.
Bär & Karrer Advised the Seller of the Specken Drumag Group23rd September 2019 The Specken Drumag group has been sold by its owner to Halder Beteiligungsberatung GmbH, an independent German investment company. The Specken Drumag group has more than 100 years of experience as a developer and producer of systems and solutions in the pneumatics, hydropneumatics, hydraulics and proportional technology sector and is present in Switzerland, Germany and Lithuania.
Bär & Karrer awarded by Mergermarket as “Switzerland M&A Legal Adviser of the Year 2018”10th December 2018
At this year's Mergermarket European Awards Ceremony on 6 December 2018 in London, Bär & Karrer has been awarded as the "Switzerland M&A Legal Adviser of the Year 2018".
Mergermarket, an independent mergers and acquisitions intelligence and data service, honors the work of leading law firms and financial advisers across Europe every year. The selection is based on a comprehensive analysis of transaction data from the Mergermarket's M&A deals database with consideration of key criteria such as complexity, structure as well as groundbreaking and strategic nature of the deals. The judging panel including leading European M&A practitioners chose Bär & Karrer already for the fourth time from among six shortlisted law firms that were particularly active in the Swiss M&A market in 2018.
Bär & Karrer advises E. Schubiger & Cie. in the Sale of a Development Property5th September 2018
E. Schubiger & Cie. AG sold its weaving mill site in Uznach, Switzerland to Fortimo Group AG. The development project that will be realized in and around the historic factory building comprises 130 rental and condominium apartments, 6,000 sqm of office and retail area and as well as 280 parking spaces.
Bär & Karrer advised E. Schubiger & Cie. as seller in this transaction. The team included Corrado Rampini and Oliver Rüdlinger (both real estate).
Bär & Karrer Advises the Sellers of Astes4 SA21st August 2018
The owners of Astes4 SA, a company based in Balerna, Switzerland, which is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines, sold their interests in the company to Mitsubishi Electric Corporation. Mitsubishi Electric is active in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. By acquiring Astes4, Mitsubishi Electric will further strengthen its lineup of automation systems together with sorting solutions for sheet metal laser processing machines to provide its valued customers with integrated solutions that require less manual loading, unloading and sorting to realize higher productivity and efficiency.
Bär & Karrer acted as legal advisor of the Sellers of Astes4 SA in this transaction. The team included Paolo Bottini and Edoardo Buzzi (both M&A).
Bär & Karrer Advises Constellium on the Sale of Rolling Business Assets in Sierre, Switzerland, to9th August 2018
On 23 July 2018, Constellium Valais SA, a company of the Constellium group engaged in the aluminium plate and extrusions businesses for industry, aerospace and transportation applications, successfully completed the sale of its aluminium rolling business assets in Sierre, Switzerland, to Novelis Switzerland SA for EUR 200 million. The assets, consisting of real estate, machinery and equipment, were previously leased by Constellium Valais to Novelis Switzerland and both parties will continue to operate in Sierre following the transaction. Concurrently with the asset sale, Constellium Valais contributed the Sierre site's shared infrastructure to a newly established 50-50 joint venture with Novelis Switzerland.
Bär & Karrer acted as legal advisor to Constellium Valais in this transaction. The team included Peter Hsu, Daniel Flühmann, Thomas Rohde, Urs Kägi, Daniel Küpfer, Marcel Züger, Annina Hammer, Tiffany Ender and Matthias Tanner (all Corporate), Corrado Rampini, Charles Gschwind and Grégory Pauli (all Real Estate), Mani Reinert (Competition), Laura Widmer (Employment), Ruth Bloch-Riemer (Pension), Raima Sherifoska (Notarial Services) as well as Nadja Jaisli Kull and Kaspar Projer.
Bär & Karrer Advises Bank Cler in Connection with the Public Tender Offer by Cantonal Bank of Basel9th August 2018
On 20 June 2018, the Cantonal Bank of Basel, which already holds 77.52% of the share capital and the voting rights of Bank Cler Ltd., published the preannouncement for a public tender offer for all publicly held bearer shares of Bank Cler, which is listed on the SIX Swiss Exchange. Subsequently, Bank Cler concluded a transaction agreement with the Cantonal Bank of Basel regarding the public tender offer. The Cantonal Bank of Basel offers CHF 52 per share of Bank Cler. Taking into consideration the results of the Fairness Opinion of an independent Expert, the board of directors of Bank Cler recommends to its shareholders to accept the offer.
Bär & Karrer advises Bank Cler in connection with this transaction. The team of Bär & Karrer includes Urs Brügger, Dieter Dubs, Fabienne Perlini and Marc Poltéra (all M&A).
Bär & Karrer Successful in Appeal Proceedings before the Federal Administrative Court Against the F7th August 2018 On 11 May 2016, the French tax authorities requested administrative assistance from the Swiss Federal Tax Administration. The request was made based on lists containing several thousand UBS Switzerland AG account numbers which are or were held by persons presumed to be French residents for tax purposes. The French tax authorities were asking for Switzerland to provide names and dates of birth of the persons connected to the accounts as well as the account balances. UBS Switzerland AG (which the Federal Administrative Court ("FAC") had granted party status in its judgment A-4974/2016 of 25 October 2016) and private individuals directly affected lodged appeals with the FAC against the Federal Tax Administration’s final decisions, which were issued on 9 February 2018.
Bär & Karrer Advises BZ Bank on Purchase of United Grinding Group13th July 2018
BZ Bank Aktiengesellschaft, through its acquisition company LEMRO AG, purchased the United Grinding Group from Körber Beteiligungen GmbH. The United Grinding Group is one of the world's leading suppliers of precision grinding machines.
Bär & Karrer advised PSP Swiss Property on Sale of a Commercial Property13th July 2018
PSP Swiss Property sold a commercial property in Petit-Lancy, Geneva. The property at the Av. des Morgines 8/10 (approx. 14'000 m2 of rentable space) was sold for CHF 55 million to an affiliate company of Epic Suisse AG.
Bär & Karrer Advises Credit Suisse and Goldman Sachs in a Combined Offering on the Placement of Sha13th July 2018
Idorsia Ltd successfully placed 11,912,000 new shares by way of an accelerated bookbuilding in a private placement with institutional investors. The placed shares are sourced from the company's existing authorized share capital and the pre-emptive rights of the existing shareholders have been excluded. The offer price was set at CHF 25.62 per share. Additionally, Idorsia successfully placed CHF 200 million of senior unsecured convertible bonds due 2024 in a private placement with institutional investors.
Bär & Karrer Advises Vontobel on the Placement of CHF 450 Million Tier 1 Bonds to fund the acquisit28th June 2018
Vontobel Holding AG successfully completed the placement of CHF 450 million perpetual additional tier 1 subordinated bonds. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 2.625% until 2023. The proceeds of this capital market transaction will be mainly used to finance the acquisition of Notenstein La Roche Private Bank.
Bär & Karrer Advised Swiss Re in the Offering of USD 500 Million Senior Exchangeable Notes with Iss22nd June 2018
Swiss Re Ltd (Swiss Re) has completed an offering of USD 500 million, 6-year senior exchangeable notes, which may be stock settled at the option of Swiss Re or may be exchanged at the option of noteholders for registered shares of Swiss Re, unless Swiss Re elects to settle the exchange of notes in cash. Swiss Re has purchased call options on its own shares, which allow it to settle an exchange by noteholders without issuing new shares.
Bär & Karrer Advises Credit Suisse and Bank Berenberg in the IPO of Klingelnberg22nd June 2018
Klingelnberg Ltd, a global leader in developing and manufacturing premium machine tools for bevel gear and cylindrical gear machining and precision measuring centers for gears, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. Trading in the shares started on 20 June 2018. The shares of Klingelnberg were priced at CHF 53 per share, near the upper end of the price range, corresponding to a base offer of CHF 241 million. The offer price implies a market capitalization of approx. CHF 470 million leading to a free float of 56.6% (assuming full exercise of the over-allotment option), whereas the remaining 43.4% remain with the Klingelnberg family as anchor shareholder.
Bär & Karrer Advises Summer Capital on the Acquisition of Swiss Education Group22nd June 2018
Summer Capital, an Asia based investment management company, has acquired, by means of an affiliate, all shares of Swiss Education Group Holding AG, the holding company of the SEG group, a leading hospitality management education group that operates several schools in Switzerland.
Bär & Karrer advises Coresystems FSM on the takeover by SAP (Schweiz)12th June 2018
The software company SAP bought all shares of Coresystems FSM AG. Coresystems FSM develops and runs workforce-management software based on a Crowd Service platform which uses artificial intelligence and allows finding available field-service technicians in real time.
Bär & Karrer Strengthens its M&A and Banking Practice with two new Partners31st May 2018
Bär & Karrer is pleased to announce that it further strengthens its M&A and banking practice with new partners Martin Anderson and Frédéric Bétrisey. They will join the firm with their team of associates as of 1 August 2018.
Bär & Karrer Advises XO Holding on Sale of Priora FM to ENGIE31st May 2018
XO Holding AG sold Priora FM SA, a leading Swiss facility management company, to ENGIE Energy Services International S.A., a subsidiary of ENGIE SA, which is listed on the Euronext exchange in Paris and Brussels.
Bär & Karrer acted as legal advisor to XO Holding. The team included Ralph Malacrida, Faton Aliu (both M&A), Mani Reinert (Competition), and Daniel Lehmann (Tax).
Bär & Karrer Advised Andermatt Swiss Alps on the Sale of Real Estate Portfolio and Establishment of29th May 2018
Andermatt Swiss Alps Ltd has successfully completed a transaction comprising a real estate portfolio sale to Taurus Andermatt Ltd, a newly established real estate joint venture. The portfolio consists of 25 properties located in the Holiday Village Andermatt Reuss in Andermatt (Switzerland). Andermatt Swiss Alps will participate in future sales profits exceeding the list price of the properties.
Bär & Karrer Advises the Banking Syndicate in the IPO of Polyphor22nd May 2018
Polyphor Ltd, a clinical-stage biopharmaceutical company focused on the discovery and development of innovative antibiotics and other specialty pharma products, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. Trading in the shares started on 15 May 2018. The shares were priced at the upper end of the price range, resulting in gross proceeds of CHF 165 million. The IPO of Polyphor is considered the largest biotech IPO in Switzerland in over 10 years and one of the top three in Europe within the last three years in terms of proceeds raised by an issuer in order to finance the development of its pipeline.
Bär & Karrer Advises Saint-Gobain in connection with the Takeover Battle over Sika22nd May 2018
This morning, Sika and Saint-Gobain have announced the signing of agreements which terminates all disputes around the purchase by Saint-Gobain of a controlling stake in Sika dated 5 December 2014.
Bär & Karrer Advised Vyaire Medical on its Acquisition of imtmedical ag22nd May 2018
Vyaire Medical, Inc., a global leader in respiratory care, completed the acquisition of all shares in imtmedical AG, a Swiss company, which is a developer, manufacturer and distributor of mechanical ventilation products.
Bär & Karrer Advises CEVA Logistics on its IPO, the anchor investment by CMA CGM and its migration7th May 2018
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 on the Financing of the Largest Thermoelectric Plant in Latin America2nd May 2018
Centrais Elétricas de Sergipe S.A. (CELSE) has successfully issued bonds for approx. USD 1 billion equivalent in local currency at a fixed, long-term rate in international capital markets. The innovative bond issue is guaranteed by the Swiss Export Risk Insurance (SERV), the export credit agency of Switzerland. The bonds are part of a financial package to finance the development, design, construction, operation and maintenance of a thermoelectric power plant by CELSE in the state of Sergipe in the northeast region of Brazil. Besides the bond issue for approx. USD 1 billion, the transaction includes a USD 200 million loan from the International Finance Corporation and a financial package of the Inter-American Development Bank in the amount of approx. USD 300 million. Once operational expected for in 2020, CELSE will sell electricity to 26 distribution companies in Brazil, becoming the largest and most efficient thermoelectric plant in Latin America and the Caribbean.
Bär & Karrer Advises lastminute.com on Partial Self-Tender Offer2nd May 2018
On 21 September 2017, an extraordinary shareholders' meeting of the SIX Swiss Exchange listed lastminute.com N.V. authorized the board of directors to repurchase up to 33 1/3% of the company's share capital by means of a partial self-tender offer. The resolution adopted under Dutch law contained detailed information, among others regarding the period for which the authorization is granted, the manner in which the shares are repurchased and the price range within which the offer price must be set.
Bär & Karrer Advises Vyaire Medical on its Acquisition of Acutronic Medical Systems2nd May 2018
Vyaire Medical, Inc., a global leader in respiratory care, acquired all shares in the Acutronic Medical Systems group, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment.
Bär & Karrer Advises Porterhouse on the Acquisition of the Clinic Group Paracelsus25th April 2018
Porterhouse Group AG, a family owned investment holding company based in Lucerne, has been accepted by the creditors’ committee to acquire the clinic group Paracelsus. The clinic group Paracelsus is a private hospital operator with 40 facilities in 22 locations. Completion is subject to the approval of the insolvency plans by the creditors’ committees and merger control approval by the German Federal Cartel Office.
Bär & Karrer Advises Deutsche Börse on the Acquisition of Swisscanto Funds Centre25th April 2018
Clearstream International S.A., a subsidiary of Deutsche Börse, acquired all shares in the London based Swisscanto Funds Centre Limited. The deal allows Clearstream to expand its services in the funds space with the management of distribution contracts and data processing. The purchase agreement was signed on 23 April 2018. The transaction is expected to close within the third quarter of 2018, subject to approval of the relevant authorities.
Bär & Karrer Awarded M&A Deal of the Year by IFLR25th April 2018
Bär & Karrer was awarded "M&A deal of the year" on the IFLR European Awards in London last night.
Based on a comprehensive analysis, Bär & Karrer received the award for the M&A Deal of the Year for the merger of ChemChina and Syngenta. The deal is considered as one of the largest all cash transactions ever. Bär & Karrer acted in this transaction as adviser to Syngenta. The team was led by Rolf Watter, Partner and Head of Mergers & Acquisitions.
Bär & Karrer Advised Copernicus Holding on the Establishment of its Structure and Obtaining a FINMA18th April 2018
Copernicus Group is a financial service provider in the canton Ticino for institutional and private UHNWI clients, offering also family office and wealth planning services. The group consists of Copernicus Asset Management SA and Copernicus Wealth Management and Services SA. On 20 March 2018, Copernicus Asset Management started operating as a fully licensed Swiss asset manager of collective investment schemes.
Bär & Karrer Advises Allianz Suisse on the Acquisition of DAS Switzerland18th April 2018
On 3 April 2018, Allianz Suisse Versicherungs-Gesellschaft AG has acquired all shares in DAS Rechtsschutz-Versicherungs-AG. Through this acquisition Allianz Swiss becomes one of the largest providers of legal protection insurance in the Swiss market.
Bär & Karrer Advises XO Holding on Sale of Priora to Eiffage Construction22nd March 2018
XO Holding AG sold Priora AG, a leading Swiss project developer and general / total contractor (GC/TC), to Eiffage Construction SA, a French company forming part of the Euronext listed Eiffage group.
Bär & Karrer Advised Axcel on the Acquisition of Invima22nd March 2018
The Danish private equity company Axcel has acquired all shares in Invima AB, a Swedish corporation, with its subsidiaries including two Swiss subsidiaries. Under the IsaDora brand, Invima AB is one of the Nordic region's leading manufacturers and distributors of cosmetics, with sales in approximately 5,000 stores in forty different countries. The seller Ingvar Vigstrand with family will remain as a minority owner in the new group.
Bär & Karrer Welcomes New Tax Counsel13th March 2018
Bär & Karrer is pleased to announce Prof. Dr. Andrea Opel as a new counsel to the firm. She joined the tax team in Zurich on 1 March 2018.
Andrea Opel studied Law at the University of Basel and then worked as academic assistant before completing her doctorate in 2008. She habilitated in 2015 at the University of Basel. Besides her counsel role at Bär & Karrer, Andrea Opel continues to act as professor for tax law at the University of Lucerne. She is a member of the board of the Institute of Business Law at University of Lucerne as well as a member of the Swiss Association of Tax Law Professors.
Bär & Karrer Advised Orior on the Placement of Shares by Way of an Accelerated Bookbuilding13th March 2018
Orior AG successfully placed 592,499 new shares by way of an accelerated bookbuilding in a private placement with institutional investors. The placed shares are sourced from the company's existing authorized share capital and the pre-emptive rights of the existing shareholders have been excluded.
Bär & Karrer Advised HQLAx on the first Live Securities Lending Transaction Using R3’s Corda Blockc13th March 2018
On 1 March 2018, financial technology innovator HQLAx together with Credit Suisse and ING completed the first live securities lending transaction using R3's Corda blockchain platform. The transaction included a basket swap between Credit Suisse and ING of value EUR 25 million using the HQLAx Corda-based collateral lending application. During the transaction, Credit Suisse and ING transferred legal ownership of Dutch and German government securities on the platform using HQLAx Digital Collateral Records (DCRs) while the underlying securities remained static.
Bär & Karrer Advises Novartis on the Placement of EUR 2,250,000,000 Guaranteed Notes21st February 2018
Novartis Finance S.A. completed the placement of EUR 750,000,000 Guaranteed Notes due 2023, EUR 750,000,000 Guaranteed Notes due 2030 and EUR 750,000,000 Guaranteed Notes due 2038. The 2023 Notes were issued at 99.655% of their principal amount with an interest of 0.500% and will mature on 14 August 2023 at their nominal value. The 2030 Notes were issued at 99.957% of their principal amount with an interest of 1.375% and will mature on 14 August 2030. The 2038 Notes were issued at 99.217% of their principal amount with an interest of 1.700% and will mature on 14 August 2038. The Notes are guaranteed by Novartis AG. They have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well.
Bär & Karrer Advises EGSB on the Purchase of a Majority Stake in Bauwerk Boen29th January 2018
EGS Beteiligungen AG (EGSB) has acquired all shares in Bauwerk Boen AG held by ZM Opportunity II L.P. (a fund advised by Patrimonium Private Equity) and is thus majority shareholder of the company. The Bauwerk Boen Group is a leading manufacturer of premium parquet flooring.
Tamedia Announces Public Tender Offer for Goldbach Group3rd January 2018
Tamedia AG announces an all cash public tender offer for all publicly held shares of Goldbach Group AG listed on the SIX Swiss Exchange. Tamedia offers CHF 35.50 per share of Goldbach Group, representing a transaction amount of around CHF 216 million. The board of directors of Goldbach Group recommends to its shareholders to accept the offer.>
Bär & Karrer Advises AON Schweiz on the Acquisition of Unidelta12th December 2017
On 30 November 2017, AON Schweiz AG, a leading global service provider for risk management, insurance and reinsurance brokers as well as adviser on human resources, has acquired 100% of the shareholding in Unidelta AG, an all-branch insurance broker based in Rapperswil, Switzerland. Unidelta is specialized in risk management and has particular designed services in personal injury management.
Bär & Karrer Advises the Sellers of AWK Group7th December 2017
The owners of AWK Group AG sold the company to Deutsche Private Equity GmbH, an independent German investment company. AWK Group is one of the largest independent Swiss consulting firms for information technology and digitalization.
Bär & Karrer Advises Valora on its Rights Offering1st December 2017
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 KKR on a Follow-On Investment in GetYourGuide1st December 2017
KKR, a leading global investment firm, together with other investors, has closed an investment to increase its minority stake in GetYourGuide AG. GetYourGuide is the world's largest online platform for tours, activities and attractions and offers over 31,000 activities in nearly 7,300 destinations.
Bär & Karrer Advises Talbot Holding on its Public Tender Offer for ImmoMentum16th November 2017
On 29 August 2017, Talbot Holding AG, an entity controlled by investment company Actium AG, launched an all cash public tender offer for all listed shares in ImmoMentum AG, a Swiss real estate company listed on BX Berne eXchange invested primarily in residential real estate. With the satisfaction of all offer conditions, the offer was successfully settled on 10 November 2017. As a result, Talbot Holding holds 99.67% of the voting rights and share capital of ImmoMentum.
Bär & Karrer Advises Muhr und Bender on the Sale of its Stake in Feintool10th October 2017
On 3 October 2017, Dr. Thomas Muhr and Muhr und Bender KG sold their entire stake in Feintool International Holding AG (Feintool) amounting to 616,500 shares of Feintool corresponding to 13.81% of the total share capital of Feintool. The shares were sold to institutional investors through an accelerated bookbuilding process led by Bank Berenberg.
Bär & Karrer Advises Orior on the Placement of a CHF 110 Million Inaugural Bond Issue10th October 2017
Orior AG successfully completed the placement of its CHF 110 million inaugural bond issue. The bonds carry a coupon of 0.625% and will mature on 26 September 2023 at par. They have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well. The issue was lead-managed by UBS AG and Zürcher Kantonalbank.
Bär & Karrer Advises Valora on the Acquisition of BackWerk5th October 2017
Valora has signed an agreement to acquire BackWerk from Swedish financial investor EQT. BackWerk is a German-based food service company with over 340 locations mainly in Germany, Austria and the Netherlands. Completion is subject to merger control approval.
Temasek Holdings (Private) Limited, an investment company based in Singapore, sold its stake in Dufr24th August 2017
Temasek Holdings (Private) Limited, an investment company based in Singapore, sold its stake in Dufry AG through its indirect wholly owned subsidiary to the HNA Group.
Bär & Karrer acted as legal advisor to Temasek. The team included Thomas U. Reutter, Roland Truffer, Annette Weber and Rebecca Schori (all M&A).
Bär & Karrer Advised Cummins on its Joint Venture with Eaton23rd August 2017
The global power leader Cummins Inc. announced that it successfully completed the formation of a joint venture with the power management company Eaton, concerning the design, manufacture, sale and support of automated transmissions for heavy-duty and medium-duty commercial vehicles (named Eaton Cummins Automated Transmission Technologies). As part of the transaction, the Swiss company Eaton Cummins Automated Transmission Technologies Sàrl was formed earlier this year and Cummins acquired a 50% participation on 31 July 2017.
Bär & Karrer Advised Jacobs Holding on the Acquisition of a Majority Stake in OdontoSalute23rd August 2017
Colosseum Dental Group, a fully owned portfolio company of Jacobs Holding AG, has acquired 70% of OdontoSalute, an Italian dental clinics group providing dental treatments of any kind through a national network. Colosseum is a leading provider of private dental care in the Scandinavian area, which is now operating in more than 150 clinics in Norway, Sweden, UK, Switzerland, Italy and Denmark and aiming at building a leading pan-European dentistry group. With this acquisition, Colosseum further expands into continental Europe and becomes one of the leading dentistry clinic operators in Italy.
Bär & Karrer Advised the Sellers of Rotronic14th July 2017
The owners of Rotronic AG, which develops and manufactures measuring technologies, sold the company to funds managed by Battery Ventures.
Bär & Karrer acted as legal adviser to the sellers in this transaction. The team included Christoph Neeracher, Thomas Rohde, Philippe Seiler, Yves Suter and Sarah Nyfeler (all M&A), Susanne Schreiber and Cyrill Diefenbacher (both tax) as well as Corrado Rampini and Charles Gschwind (both real estate).
Bär & Karrer Advises CliniSciences on the Acquisition of BIOTREND Chemicals5th July 2017
On 13 June 2017, CliniHolding S.à r.l. (CliniSciences) acquired the entire stake in BIOTREND Chemicals AG (BIOTREND) from its founders. BIOTREND is a leading distributor of high-quality reagents and biochemicals for the life science research community in Switzerland, Germany and USA.
Bär & Karrer Advises Banque Cantonale de Genève on the Placement of CHF 200 Million Additional Tie5th July 2017 Banque Cantonale de Genève successfully completed the placement of CHF 90 million perpetual additional tier 1 subordinated bonds and CHF 110 million tier 2 subordinated bonds due 2027. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 2.00%. The tier 2 subordinated bonds were issued at 100.024% of their nominal amount with an interest of 1.125% and will mature on 28 June 2027 at their nominal amount. Both bonds have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well. UBS AG, Zürcher Kantonalbank and Banque Cantonale de Genève acted as Joint Lead Managers.
Bär & Karrer wins Europe Women in Business Law Award21st June 2017
Bär & Karrer is pleased to announce that partner Tina Wüstemann, who heads the private clients team, won the title 'Best in trusts & estates' at the Europe Women in Business Law Awards ceremony on 15 June 2017 in London. This is the second time Tina Wüstemann wins this award. In addition, partner and dispute resolution specialist Nadja Jaisli Kull was shortlisted as 'Rising Star Litigation'.
Bär & Karrer Advises Groupe Acrotec on its Placement of CHF 70 Million 3.75% Bonds21st June 2017
Groupe Acrotec SA, a high precision manufacturer of small components and specialised service provider for the watchmaking and industrial sectors, has completed the placement of CHF 70 million 3.75% bonds due 2023. The bonds were issued at 100% of their principal amount and, unless previously redeemed or repurchased and cancelled, will mature on 14 June 2023 at 100% of their principal amount. The bonds are guaranteed by a number of subsidiaries of the issuer, among them Finacrotec SA, which as substitute guarantor fulfills certain requirements under the listing rules of SIX Swiss Exchange in the place of the issuer. Credit Suisse AG acted as Lead Manager and Bookrunner.
Bär & Karrer Advised UBS on its Shared Services Transfer to UBS Business Solutions AG13th June 2017
Through a series of transactions which were completed for the most part in early June, UBS AG and other UBS group companies transferred group shared services functions, which are mainly based in Switzerland, in the UK and the US, to UBS Business Solutions AG and other related service companies. UBS Business Solutions AG now operates as the group service company of UBS and is a wholly owned subsidiary of UBS Group AG. The implementation of UBS Business Solutions AG enables UBS to maintain operational continuity of critical services should a recovery or resolution occur. It represents an important step towards improved resolvability, and is in line with global guidance defined by the Financial Stability Board.
Bär & Karrer boosts Tax Practice with new Partner in Geneva30th May 2017
Bär & Karrer announces that Christoph Suter has been elected as partner to lead the tax practice in Geneva as of 1 October 2017.
Bär & Karrer Advises Huntsman Corporation on All-stock Merger of Equals with Clariant30th May 2017
On 22 May 2017, SIX Swiss Exchange (SIX) listed Clariant AG and Huntsman Corporation, which is listed on the New York Stock Exchange (NYSE), announced that their Boards of Directors approved a definite agreement to combine in a cross-border merger of equals through an all-stock transaction. The combination of both companies will create a leading global specialty chemical company with a combined enterprise value of approximately USD 20 billion at announcement.
Bär & Karrer Successful in Large Arbitration Proceeding2nd May 2017
Bär & Karrer successfully defends the interests of its long standing client EnBW Energie Baden-Württemberg AG in a CHF 1 billion ad hoc-arbitration proceeding in Zurich instituted by a German entrepreneur four years ago. In its final award, the tribunal dismissed the plaintiff's claim in its entirety and awarded Bär & Karrer's client full compensation for its legal costs.
Bär & Karrer's team led by Matthew Reiter and included Cinzia Catelli, Alain Grieder, Roman Huber and David Liatowitsch.
Bär & Karrer Advises CVC on the Acquisition of a Majority Stake in Breitling2nd May 2017
CVC Fund VI has agreed to acquire an 80% stake in Breitling, a leading independent, family-owned manufacturer of Swiss luxury watches. As part of the transaction, Théodore Schneider will re-invest for a 20% shareholding in Breitling. Closing of the transaction is subject to approval by the relevant competition authorities.
Bär & Karrer acted as Swiss legal advisor to CVC in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Beda Kaufmann, Philippe Seiler, Yves Suter, Charles Gschwind, Célia Jimenez, Sabrina Schalcher and Raphael Egger (all M&A), Till Spillmann and Adrian Koller (both Financing), Susanne Schreiber and Laurent Riedweg (both Tax), Markus Wang and Jonas Bornhauser (both IP) as well as Mani Reinert (Competition).
Bär & Karrer Advises EQT and Kuoni Group on the Combination of Kuoni’s GTA Business with Hotelbeds26th April 2017
Kuoni Travel Holding Ltd, owned by EQT VII, a fund of the private equity group EQT, and the Kuoni and Hugentobler Foundation, has entered into a binding agreement on the sale of its GTD business division (GTA) to Hotelbeds Group, owned by a consortium led by Cinven und Canada Pension Plan Investment Board (CPPIB). The shareholders of Kuoni Group will roll-over a large portion of their participation in GTA into the combined Hotelbeds/GTA business and upon completion, will hold a substantial minority stake in the combined Hotelbeds/GTA business. Completion of the transaction is subject to customary closing conditions, including merger control filings and approvals.
Bär & Karrer Advises Hellman & Friedman and GIC on the Acquisition of Allfunds21st April 2017
On 7 March 2017 Hellman & Friedman and GIC acquired Allfunds Bank, S.A. from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus. Allfunds Bank is a leading financial technology business. The transaction is valued at EUR 1.8 billion and is subject to customary closing conditions.
Bär & Karrer acted as Swiss legal advisor to Hellman & Friedman and GIC. The team included Eric Stupp and Stephanie Walter (all Banking & Insurance). Freshfields acted as lead counsel to Hellman & Friedman and GIC.
Bär & Karrer Advises an Affiliate of Warburg Pincus on the Acquisition of a Stake in Avaloq29th March 2017
Warburg Pincus, a leading global private equity firm, has entered into an agreement to acquire approximately 35% shareholding in the Avaloq Group AG. Avaloq is an internationally leading FinTech company based in Switzerland. With its integrated business process outsourcing services, Avaloq is the only independent provider for the financial industry that does both, developing and operating its own software. Closing of the transaction is expected in the second quarter of 2017.
Bär & Karrer Advises Mitsui on the Acquisition of Chemtrade Aglobis29th March 2017
On 28 February 2017, Mitsui & Co., Ltd. (Mitsui) and Chemtrade Logistics Inc. (Chemtrade) announced an agreement under which Mitsui will acquire the entire stake in Chemtrade Aglobis AG (Aglobis), subsidiary entirely owned by Chemtrade. Aglobis is a leading distributor of sulphur and sulphuric acid in Europe. The transaction is subject to relevant regulatory approvals.
Bär & Karrer Advises Lonza on the Entering into a Strategic Partnership with Sanofi to Establish a8th March 2017
Today, Lonza and Sanofi announced that they have entered into a strategic partnership to build and operate a large-scale mammalian cell culture facility for monoclonal antibody production in Visp, Switzerland. The large-scale facility will be established through a joint venture with an initial investment of around CHF 290 million shared equally between Lonza and Sanofi. The initial construction phase of the facility will commence in 2017, pending necessary regulatory approvals. The facility is expected to be fully operational by 2020. The partnership provides both parties with substantial flexibility by using an innovative setup enabling them to optimize biologics production capacity across the whole industry.
Bär & Karrer on top of the Profile League Table by Mergermarket7th February 2017
Earlier this month Mergermarket published its review on the 2016's most prolific individual DACH legal advisors. We are pleased to be ranked with Christoph Neeracher and Luca Jagmetti on the top of the table on rank one and two. Both are associated for 2016 with 11 completed deals and a total value of EUR 3 bn. The Mergermarket Profiler App lists Christoph Neeracher in total with 54 deals and Luca Jagmetti with 35 transactions.
Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron7th February 2017
Bär & Karrer Advises Valora on the Acquisition of Pretzel Baron
Bär & Karrer Advises Priora on Acquisition of Large Minority Stake in Galenica23rd January 2017
Bär & Karrer Advises Priora on Acquisition of Large Minority Stake in Galenica
Bär & Karrer Advises Sanofi on Exchange Transaction with Boehringer Ingelheim23rd January 2017
Bär & Karrer Advises Sanofi on Exchange Transaction with Boehringer Ingelheim
Bär & Karrer Advises Pax Anlage on the Public Takeover Offer of Baloise23rd January 2017
Bär & Karrer Advises Pax Anlage on the Public Takeover Offer of Baloise
Bär & Karrer Advises Alpine Select on Public Share Buy-back23rd January 2017
Bär & Karrer Advises Alpine Select on Public Share Buy-back.
On 10 January 2017, Alpine Select Ltd, Zug, invited to an extraordinary shareholders' meeting which will take place on 7 February 2017. At this shareholders' meeting, the shareholders will, among other things, vote on a capital reduction through the cancellation of shares which have been repurchased under a share buy-back program at a fixed price.
Bär & Karrer Advised Colombo Wealth on the Reorganisation of its Structure and Obtaining FINMA’s ap20th September 2019Colombo Wealth SA (previously Colombo Wealth Management SA, Heron Holding SA and Heron Asset Management SA), a financial service provider in the canton Ticino for institutional and private HNWI clients, is the first FINMA licensed asset manager of collective investment schemes with presence in all three main language areas in Switzerland, with headquarter in Lugano and branches in Zurich and Geneva. After obtaining the relevant authorisations from FINMA, Colombo Wealth (previously Heron Asset Management) successfully completed the mergers with Colombo Wealth Management and Heron Holding.
Bär & Karrer Advises THI Investments on the Acquisition of RE Panels13th September 2019 THI Investments has acquired from The Riverside Company and co-investors the RE Panels group (incl. EPCO and TECSEDO), a European leader in the manufacture of sandwich panels for residential, commercial and industrial sectional overhead doors.
Bär & Karrer Advises MSCI on the Acquisition of Carbon Delta11th September 2019 MSCI Inc., a New York-based provider of critical decision support tools and services for the global investment community, has announced that its subsidiary, MSCI Barra Suisse Sàrl, has entered a definitive agreement to acquire Carbon Delta AG, a Swiss based environmental fintech and data analytics firm.
Bär & Karrer Successfully Defends International Fintech Company in Swiss Criminal Proceedings11th September 2019 Bär & Karrer successfully defended a large, international fintech company and its management in Swiss criminal proceedings which have been initiated due to the misuse of the company's platform by various unknown fraudsters. The proceedings led to the arrest of the company's chairman following an arrest warrant issued by a Swiss prosecutor. The arrest warrant and other coercive measures were held unlawful by the competent cantonal court of appeal following complaints lodged by the chairman of the fintech company. The chairman was awarded indemnity and compensation for costs incurred in connection with the criminal proceedings and the arrest warrant. All criminal proceedings have been closed by the prosecutor in charge.
Bär & Karrer Advises Acrotec on the Acquisition of Diener AG Precision Machining and Diener Precisi9th September 2019
Acrotec acquired Diener AG Precision Machining, a company specialized in the area of medical technology and precision mechanics, and Diener Precision Pumps, a company producing high quality precision pumps, from its owners. With these acquisitions, Acrotec extends in particular its medtech sector. Completion is subject to merger control approval.
Bär & Karrer Advises Farner Consulting on the Acquisition of a Majority Stake in DU DA9th September 2019 Farner Consulting acquires a majority stake of the Zurich-based data and technology agency DU DA Group. This move will enable Farner Consulting to combine its communication offering with smart technology and data solutions to create commtech – communication technology.
Swiss Financial Market Supervisory Authority Introduces Strict Requirements for Payment Transactions28th August 2019 Click here for more information.
Bär & Karrer Successfully Assisted UEFA Before the Court of Arbitration for Sport15th July 2019
The proceedings concerned an appeal filed by the Albanian football club KS Skënderbeu against a decision issued by UEFA.
Bär & Karrer Advises Acushnet on the Acquisition of KJUS12th July 2019 Acushnet Holdings Corp., the worldwide leader in the design, development, manufacture and distribution of golf equipment and wear, has announced the acquisition of KJUS, a Swiss-based ski and golf sportswear company.
Bär & Karrer Advised Cembra Money Bank on the Financing of the Acquisition of cashgate12th July 2019
Cembra Money Bank has agreed to acquire cashgate. The purchase price for the acquisition of cashgate and the refinancing of cashgate's loan portfolio is partly backed by a bridge facility and is financed and refinanced by the sale of treasury shares (gross proceeds of CHF 112.8 million) in an accelerated bookbuilding, the placement of CHF 150 million perpetual additional Tier 1 bonds and CHF 250 million net share settled convertible bonds.
Bär & Karrer Successfully Represents PNK Group Company in SCAI-Arbitration11th July 2019 Bär & Karrer successfully represented a company acting under the trademark of PNK Group, a major developer of industrial facilities in Russia, against a Western European concrete plant engineering and manufacturing company in a SCAI-arbitration concerning the delivery of (defective) equipment. After full-fledged proceedings including a hearing with several technical experts, the client was awarded partial rescission of the contract (as requested) with returning of certain defective equipment against refund of its cost, a substantial price reduction with regard to the rest of the equipment, as well as a contractual penalty payment and reimbursement for 75% of all legal costs. Team members were Matthew Reiter and Désirée Schreyer (both arbitration).
Bär & Karrer Advises Zurich on its Investment in autoSense9th July 2019
Zurich Insurance Company Ltd (Zurich) invests in the Swiss start-up autoSense. Zurich will further develop autoSense's business together with Swisscom and Amag. autoSense operates a digital service portal which connects vehicles through an app and provides real-time information and services to car owners.
Bär & Karrer Advises Swedish Orphan Biovitrum AB in the Acquisition of emapalumab13th June 2019 Swedish Orphan Biovitrum AB, an international specialty biopharmaceutical company listed in Sweden, agreed to acquire, from Novimmune’s shareholders, a newly established company owning emapalumab and related assets, giving Sobi access to world-class R&D capabilities in the field of Immunology. The acquisition supersedes the previously announced exclusive licence agreement with Novimmune. In addition, Sobi agreed with Novimmune on options for the shared financial rights to NI-1701 and NI-1801, two product candidates in the field of immuno-oncology. The transaction value is CHF 515 million, of which CHF 400 million was previously committed in the exclusive license agreement for emapalumab.
Bär & Karrer Advises Patinex and BZ Bank on the Sale of NovImmune to Light Chain Bioscicence13th June 2019
Light Chain Bioscience AG, a Swiss biotech company, agreed to purchase all shares in NovImmune SA, a company focused on the discovery and development of antibody-based drugs for the targeted treatment of inflammatory diseases, immune related disorders and cancer. Patinex and BZ Bank are the selling majority shareholders of NovImmune.
Bär & Karrer Awarded “Law Firm of the Year – Switzerland” at the Citywealth Magic Circle Awards 20121st May 2019 Bär & Karrer is pleased to announce that it has received the award “Law Firm of the Year - Switzerland” at the Citywealth Magic Circle Awards in London. This award recognizes Bär & Karrer as the Swiss law firm with the best private client team.
Bär & Karrer Advises Ashcroft on the Acquisition of Rüeger Holding16th May 2019 Ashcroft Inc., headquartered in Stratford, CT, USA, a subsidiary of Tokyo Stock Exchange listed Nagano Keiki Co., Ltd, has announced the completion of the acquisition of Swiss-based Rüeger Holding SA (Rüeger) and Dutch-based STIKO Meetapparentenfabriek B.V. (Stiko), both manufacturers of specialty temperature and pressure measurement products, from their previous owners, Bernard and Jean-Marc Rüeger.
Ordinance on Integrity and Transparency in the Therapeutic Products Sector has been adopted18th April 2019 Click here for more information.
Bär & Karrer Advises B3i in its Current Equity Funding Round18th April 2019
Industry-led InsurTech B3i Services AG successfully raised additional funds from current shareholders and new investors to further develop and grow its blockchain-based insurance transaction platform. B3i was founded in October 2016 as an insurance industry consortium which then formed B3i Services AG as an independent company. The shareholder group includes some of the world's largest insurers and reinsurers from across Europe, the Americas, and Asia. B3i intends to further expand its shareholder base over the next several months.
Bär & Karrer Continues to Grow Finance and Sports Practice with Two New Partners15th April 2019 Bär &Karrer is pleased to announce that it further strengthens its Financing and Sports practices with new partners Lukas Roesler and Dr. Jan Kleiner, both of whom have worked with the firm previously.
Bär & Karrer Advises Novartis and Alcon on the Spin-off of Alcon10th April 2019
Today, Novartis AG completed the spin-off of the Alcon eye care devices business, and Alcon Inc. debuted as independent publicly traded company. The Alcon shares were successfully listed on the SIX Swiss Exchange Ltd. and the New York Stock Exchange. They are also included in the Swiss Market Index (SMI), which comprises the 20 largest Swiss listed stocks.
Bär & Karrer Advises Primeo Energie and CSA Energie-Infrastructure Schweiz in Aquisition from Elét10th April 2019
Primeo Energie, EOS Holding SA (EOS) and Électricité de France (EDF) have entered into a share purchase agreement relating to the purchase by Primeo Energie and EOS of the 25% interest held by EDF in Alpiq Holding SA. The purchase by Primeo Eergie and EOS will be financed through mandatory exchangeable loan agreements made by CSA Energie-Infrastruktur Schweiz (CSA) as lender, the biggest investment pool for Swiss energy infrastructure with 135 Swiss pension funds acting as investors. At maturity the mandatory exchangeable loan agreements will be converted into shares in Alpiq. Primeo Energie and EOS thereby pave the way for a Swiss shareholder structure of Alpiq.
Bär & Karrer Awarded Most Innovative Swiss Law Firm of the Year at the IFLR Europe Awards10th April 2019
Bär & Karrer was awarded „Most innovative law firm of the year - Switzerland", the national award for Switzerland given in the IFLR European Awards. The most innovative law firm of the year award recognizes Bär & Karrer as the Swiss law firm with the best track record in 2018 giving advice on the most innovative cross-border deals covering all award practice areas. It is already the third prize of this kind in period of six years awarded to Bär & Karrer.
Bär & Karrer Advises DSV on Public Exchange Offer for Panalpina5th April 2019
On 1 April 2019, DSV A/S, Hedehusene, Denmark and Panalpina Welttransport (Holding) AG, Zurich, Switzerland, have entered into an agreement on the terms and conditions of a combination by way of a public exchange offer by DSV for all publicly held registered shares of Panalpina for approximately CHF 4.6 billion. The board of directors of Panalpina has resolved to support the public exchange offer by DSV and to recommend the acceptance of DSV's public exchange offer to its shareholders.
Bär & Karrer Advises Lonza on the Entering into a Strategic Joint Venture with Chr. Hansen for Deve5th April 2019
On 2 April 2019, Lonza, a leading pharma contract manufacturing company, and Chr. Hansen, a leading global bioscience company, announced that they have signed an agreement to establish a 50/50 joint venture to pioneer the live biotherapeutic products (LBPs) industry and position themselves as the leading contract development and manufacturing partner (CDMO) for biotech and pharma customers. The joint venture brings together best-in-class, complementary capabilities and will be the first CDMO globally to provide a full supply chain that offers manufacturing of bacteria strains for therapeutic use. The joint venture will be a 50/50 controlled legal entity that will operate from its headquarters in Basel (CH) and have production facilities in Denmark and Switzerland. A phased investment of approximately EUR 90 million will be deployed over three years to build cGMP-compliant pharma production capabilities. The joint venture will upgrade existing facilities in Hørsholm (DK) and equip new facilities in Basel (CH) to serve pre-clinical to phase II projects. Further facilities for phase III and commercial manufacturing will be developed as the pipeline matures. The joint venture is expected to be largely self-funding after the production set-up has been established.
Bär & Karrer acts as legal advisor to Lonza. The team includes Urs Kägi, Nadina Duss, Michael Bänziger, Matthias Tanner (all M&A/Corporate and Commercial) and Markus Wang (IP).
Bär & Karrer Advises Computacenter in the Acquisition of PathWorks8th March 2019
Computacenter Group, a leading European IT service provider listed on the London Stock Exchange, acquired PathWorks, a well-established hardware reseller in the Swiss market.
Bär & Karrer Advises Addtech in the Acquisition of a Majority in Omni Ray8th March 2019
Addtech Group, a leading Swedish publicly listed technology trading group, acquired a majority stake in Omni Ray AG, a well-established Swiss trading company and service provider for automation solutions, mainly focused on industrial applications, infrastructure, transportation and medical industry. By this transaction, Addtech aims at strengthening its position in the European automation market.
Bär & Karrer Partner Paolo Bottini Wins the Client Choice Award 2019 by Lexology21st February 2019
Bär & Karrer is pleased to announce that partner Paolo Bottini has been recognized by Lexology and the International Law Office (ILO) as the Client Choice Winner 2019 in the Corporate Tax category in Switzerland.
Bär & Karrer Advises CEVA Logistics in Connection with the Strengthening of the Strategic Partnersh21st February 2019
On 11 October 2018, the board of directors of CEVA Logistics AG announced that the Danish transport and logistic company DSV submitted a non-binding letter of interest with an indicative offer price of CHF 27.75 per CEVA share and that the board of directors of CEVA came to the conclusion that the offer was not in the best interest of the company and its shareholders. This was in particular because at that point in time, CEVA was already in discussions regarding an intensified cooperation with its main shareholder CMA CGM S.A., which shall exploit the full potential of CEVA.
Bär & Karrer Advised the Issuer in the Rights Offering of Cavotec SA11th January 2019
On 10 January 2019, Cavotec SA completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 22.4 million. The Cavotec group, with its Swiss holding company listed on Nasdaq Stockholm, is a leading engineering group that designs and manufactures automated connection and electrification systems for ports, airports and industrial applications worldwide. 80.5% of the shareholders of Cavotec SA exercised their subscription rights in the rights offering. The remaining new shares not subscribed were allotted to investors who had subscribed for shares without subscription rights, pursuant to the allocation procedure described in the prospectus of 6 December 2018. The offer price was set at SEK 13 per share.
ABG Sundal Collier acted as Sole Global Coordinator and Bookrunner.
Bär & Karrer acted as Swiss legal adviser to the Issuer in this transaction. The team included Massimo Vanotti, Matthias Bizzarro (both Corporate), Alexander von Jeinsen (Capital Markets), Rocco Rigozzi (Notarial Services) as well as Paolo Bottini, Daniel Lehmann and Lukas Scherer (all Tax).
Bär & Karrer Advises German Pharmacy Medpex in the Sale of its E-Commerce Activities to Zur Rose Gr7th January 2019
On 18 October 2018, Zur Rose Group AG, Europe's leading e-commerce pharmacy which is listed on SIX Swiss Exchange, announced that it is acquiring the e-commerce activities of Germany's third largest pharmacy medpex. The transaction was subject to regulatory clearances and closed on 4 January 2019.
Bär & Karrer advises medpex as Swiss legal counsel, while Gütt Olk Feldhaus, Munich, acts as EU legal counsel. The Bär & Karrer team includes Mariel Hoch and Fabienne Perlini-Frehner (both M&A), Thomas U. Reutter and Daniel Raun (both Capital Markets).
Bär & Karrer Advised Combell on the Acquisition of Switchplus7th January 2019
Combell acquired switchplus, a company for internet presence and domain names, from SWITCH.
Bär & Karrer Advises Otto Group on the Sale of Zahnärztekasse3rd January 2019
EOS Group, which is part of Otto Group, has entered into an agreement on the sale of Health AG and Zahnärztekasse AG to BAWAG Group. Health and Zahnärz-tekasse are two leading dental factoring market players in Germany and Switzer-land.
Bär & Karrer acted as Swiss legal advisor to Otto Group in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Philippe Seiler, Raphael Eg-ger, Jonatan Riegler and Arnold Romero (all M&A), Daniel Flühmann (Regulatory) as well as Markus Wang and Jonas Bornhauser (both IP/IT). Hengeler Mueller acted as international legal advisor to Otto Group in this transaction.
Bär & Karrer Advised Maxwell Technologies, Inc. on the Sale of Maxwell Technologies SA3rd January 2019
Maxwell Technologies, Inc. sold its subsidiary Maxwell Technologies SA to Renaissance, a Swiss investment foundation for pension funds. Maxwell Technologies SA is a world leader in the manufacturing of high voltage capacitors used to ensure safety and reliability of electrical infrastructure and other applications such as transportation, distribution and metering of high voltage energy.
Bär & Karrer acted as legal advisor to Maxwell Technologies, Inc. in this transaction. The team included Christoph Neeracher, Thomas Rohde, Raphael Annasohn and Arnold Romero (all M&A), Susanne Schreiber (Tax), Ralph Malacrida and Faton Aliu (both Financing) as well as Charles Gschwind (Real Estate).
Bär & Karrer Advised UBS and Mirabaud on the Placement of Shares of Santhera Pharmaceuticals Holdin3rd January 2019
Santhera Pharmaceuticals Holding AG (Santhera) placed 3,133,334 new shares at an offer price of CHF 7.50 per share. The shares were placed by way of an accelerated bookbuilding procedure in a public offering in Switzerland, in private placements outside of the United States and Switzerland and in private placements within the United States to qualified institutional buyers. The shares were issued under exclusion of the existing shareholders' subscription rights through an ordinary capital increase resolved by an extraordinary shareholders' meeting.
The gross proceeds from the placement amounted to CHF 23.5 million. Santhera intends to use the proceeds primarily to pay the cash component of the consideration to Idorsia Ltd for the acquisition of the option for the exclusive sub-license of vamorolone, a drug candidate for the treatment of patients with Duchenne muscular dystrophy.
Bär & Karrer acted as Swiss legal advisor to UBS AG (Global Coordinator and Bookrunner) and Mirabaud Securities Limited (Co-Manager). The team included Thomas U. Reutter, Daniel Raun, Annette Weber and Anna Capaul (all Capital Markets) as well as Christoph Suter (Tax).
Changes to Swiss debt enforcement and bankruptcy law effective January 20193rd January 2019
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Cowen Acquires Quarton Group5th December 2018
Cowen Inc., a NASDAQ listed, diversified financial services firm, agreed to acquire the Quarton group, a global financial advisor serving the middle market. Closing is expected in early 2019.
Bär & Karrer Advises the Banking Syndicate in the Rights Offering of ARYZTA21st November 2018
On 19 November 2018, ARYZTA, a global food business with a leadership position in speciality bakery, completed a capital increase by way of a rights offering structured as a volume underwriting in the amount of approximately CHF 900 million. 97.4% of the shareholders of ARYZTA exercised their subscription rights in the rights offering. The new shares not subscribed were placed in the market.
The banking syndicate comprised BofA Merrill Lynch and UBS as Process Banks and Joint Global Coordinators, Credit Suisse, JP Morgan and HSBC Bank plc as additional Joint Global Coordinators and Crédit Agricole CIB, Mizuho International plc and Rabobank as Joint Bookrunners.
Bär & Karrer acted as legal adviser to the syndicate banks in this transaction. The team included Thomas U. Reutter, Michael Trippel, Alexander von Jeinsen, Annette Weber, Carlo Hunter and Manuela Cassano (all Capital Markets), Dieter Dubs (Listed Companies/Takeover Law) as well as Susanne Schreiber and Lukas Scherer (both Tax).
Bär & Karrer Advises the Sellers on the Sale of Briner Winterthur31st October 2018
The owners of Briner AG Winterthur sold the company. Briner is a leading family-owned trading and service company operating in the fields of construction services, steel services, supply systems and building services as well as heating and energy systems.
Bär & Karrer Advised GfK on the Sale of Four Divisions26th October 2018
GfK has sold four global divisions (Customer Experience, Experience Innovation, Health and Public Affairs) to Ipsos. The sale included GfK's respective businesses in 25 countries.
Derivatives Trading under FMIA: Reporting Obligations10th October 2018
On 14 September 2018, the Federal Council extended the transition period for the reporting of derivative transactions by small non-financial counterparties (NFC-) until 1 January 2024 under the Financial Market Infrastructure Act (FMIA). The amendment to the Financial Market...
Swiss Tax Reform Package Approved: Update and Outlook10th October 2018
The Swiss National Council approves the proposed tax reform package! On 12 September 2018 the larger chamber of parliament adopted the proposal of the Economic Affairs and Taxation Committee of the Council of States on the Federal Act on Tax Reform and AHV Financing (formerly Tax Proposal 17), which is largely in line with the legislative bill adopted by the Council of States, the smaller chamber of parliament. Although slight differences regarding the capital contribution principle remain to be settled, the majority of member of the National Council sees the adopted text of the bill as a viable compromise.
Retrocessions: Criminal Consequences of Non Disclosure9th October 2018
In a recent decision 6B_689/2016 of 14 August 2018, the Swiss Federal Supreme Court held that the failure to disclose adequately retrocessions may constitute an act of criminal mismanagement. After a short summary of the legal framework governing the disclosure of retrocessions, the present briefing analyses this decision and its practical impact in particular for Swiss financial institutions dealing with external asset managers.
Bär & Karrer Advises Waterland on its Investment in Tineo4th October 2018
Waterland Private Equity invested in Tineo AG after the carve-out from Quickline Holding AG. Tineo is an integrated enterprise solution provider of data centres, glass-fiber connections, high-speed internet and VoIP services with state-of-the-art infrastructure
Bär & Karrer Elects Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to Partner2nd October 2018
Bär & Karrer has announced the election of Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to the firm's partnership. The appointment is effective as of 1 January 2019.
Bär & Karrer Advises Swiss Prime Site on its Rights Offering28th September 2018
On 28 September 2018, Swiss Prime Site, the largest publicly listed real estate investment company in Switzerland, completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 320 million. 97,7% of the shareholders of Swiss Prime Site exercised their subscription rights in the rights offering. The remaining new shares not subscribed were placed in the market. The offer price was set at CHF 74.00 per share. Credit Suisse and UBS Investment acted as Joint Global Coordinators, J.P. Morgan and Zürcher Kantonalbank acted as Joint Bookrunners.
Bär & Karrer Advises SIG Combibloc Group as Issuer and Onex as Selling Shareholder on the IPO of SI28th September 2018
SIG Combibloc, a leading provider of aseptic carton packaging solutions for the food and beverage industry, successfully priced its IPO and listed its shares on the SIX Swiss Exchange, where trading commenced on 28 September 2018. With a market capitalization of CHF 3.6 billion and a generating total gross proceeds of CHF 1.5 billion, this is considered as the largest IPO on the SIX Swiss Exchange in the last years. In connection with the IPO, SIG Combibloc Group Holdings S.A., the holding company of SIG Combibloc Group, migrated its legal seat and the place of management of the company from Luxembourg to the Canton of Schaffhausen, Switzerland by way of a cross-border relocation and thereby became a stock corporation governed by Swiss law prior to the first day of trading.
Bär & Karrer advises SIG Combibloc Group as Issuer and Onex as Selling Shareholder in this transaction. The team includes Thomas U. Reutter, Sandro Fehlmann, Daniel Raun, Alexander von Jeinsen, Manuela Cassano and Carlo Hunter (all Capital Markets), Urs Kägi, Roland Truffer and Annina Hammer (all Corporate), Michael Rohrer (Notary), Dieter Dubs (Listed Companies), Laura Widmer and Fanny Sutter (both Employment), Ralph Malacrida and Micha Schilling (both Financing), as well as Susanne Schreiber, Daniel Lehmann, Cyrill Diefenbacher and Hanna Brozzo (all Tax).
Bär & Karrer Advises the Joint Bookrunners in the Offering of an Aggregate of USD 8,000,000,000 Not28th September 2018
Nestlé Holdings, Inc. completed an offering of USD 1,000,000,000 3.100% Notes due 2021, USD 1,500,000,000 3.350% Notes due 2023, USD 900,000,000 3.500% Notes due 2025, USD 1,250,000,000 3.625% Notes due 2028, USD 1,250,000,000 3.900% Notes due 2038 and USD 2,100,000,000 4.000% Notes due 2048. The notes were offered and sold by the Joint Bookrunners in the United States in reliance on Rule 144A and in transactions outside the United States in reliance on Regulation S under the U.S. Securities Act. Each series of notes is guaranteed by Nestlé S.A.
Bär & Karrer Advises Aduno Group on the Acquisition of Accarda26th September 2018
Aduno Group has increased its participation in Swiss payment solutions specialist Accarda AG from 30% to 100% following an auction process for the acquisition of the 70% stake from Maus Frères SA.
Recent changes in the Swiss financial litigation landscapeA new piece of regulation: the entry into force of the FinSA and FinIA While the financial regulation landscape, inclusive of compliance, has kept evolving and increasing in the past 20 years, the architectural skeleton of the Swiss regulation landscape in this industry was entirely reviewed with the entry into force of two new bills …
New ESG rules in Switzerland: how to mitigate the risk of criminal liabilityNew ESG disclosure and due diligence rules On 1 January 2022, the indirect counterproposal to the so-called Responsible Business Initiative has been introduced in the Swiss Code of Obligations (CO). The new rules in articles 964a ff. CO require that companies of public interest domiciled in Switzerland, such as listed companies and large companies supervised …
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