Firm Profile > Bär & Karrer Ltd. > Zurich, Switzerland
Bär & Karrer Ltd. Offices
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Bär & Karrer Ltd. > The Legal 500 Rankings
Banking and finance: Zurich Tier 1Bär & Karrer Ltd. fields a team of experienced lawyers, who cover the full gamut of banking and finance matters. It is equally adept acting for both borrowers and lenders on debt and acquisition financing and in regulatory enforcement proceedings. Eric Stupp is highly regarded for work relating to enforcement proceedings and internal investigations. Peter Hsu combines his banking practice with work relating to capital markets and insurance matters. Other key team members include dispute resolution specialist Andreas Länzlinger; Ralph Malacrida, who is well versed in venture capital transactions and acquisition finance; and Daniel Flühmann, who is a key name for financial markets legislation and collective investment schemes. Rashid Bahar and Urs Brügger are also noted.
‘Bär & Karrer has a great and very strong team in Zurich.’
‘The group is competent, responsive, and has a practical mindset.’
‘Peter Hsu’s services are always first class. He is an outstanding source of advice in banking matters with great experience in the banking and insurance sector. Mr Hsu is solution oriented, keeps at any time a brilliant overview as well in complex and cross-disciplinary matters.’
Bank J. Safra Sarasin
Bank Cler (former Bank Coop)
Gazprombank (Switzerland) Ltd.
Rothschild Bank & Co. AG
Bergos Berenberg AG
Capital markets Tier 1
Bär & Karrer Ltd. is an established player in the capital markets space, where it regularly assists clients with IPOs, transactions as well as the issuance of bonds and notes. Instructions often come from the banking, insurance and healthcare and life sciences sectors, among others. Practice head Thomas Reutter is a key contact for listed companies, while Ralph Malacrida is also active in the space. Rolf Watter, Roland Truffer and Daniel Raun, who recently made partner, are also recommended. Sandro Fehlmann, Annette Weber and Alexander von Jeinsen are names to note at associate level.
‘Among the most visible and experienced capital markets firms in Switzerland with strong deal flow in all relevant products. Efficient team set-up with strong partners and associates that guarantee quick response times on live deals.‘
‘Bär & Karrer has very deep insights and experience with Swiss public market transactions. It is always prepared and provided well thought-through advice on important decision.’
‘Thomas Reutter is one of the most experienced, competent and commercial capital markets and M&A lawyers in Switzerland. Very strong in the legal details while remaining pragmatic and deal oriented. He is always clear and straight in his advice.’
‘Roland Truffer possesses excellent legal skills, is very diligent but at the same time pragmatic and to the point.’
‘The very pragmatic Daniel Raun does not miss a detail even when stretched across multiple deals all running at a different speed.’
‘Alexander von Jeinsen is able to drive the deal on the legal side. He is technically strong and at the same time an outstanding project manager and communicator. You’d want him on your team for an IPO in Switzerland.’
‘Annette Weber is an up and coming senior associate, who works extremely hard and very efficient, and has good legal expertise.’
‘Sandro Fehlmann not only impresses with his legal skills but also by being helpful on many other matters, be it financial, administrative or PR-related.’
SIG Combibloc Group
Bank of America /Merrill Lynch
Goldman Sachs & Co. LLC
Swiss Prime Site
The group at Bär & Karrer Ltd. has an outstanding market reputation for its activity in public and private takeover transactions. The client base includes national and international companies from a variety of sectors, which also instruct the group in corporate and regulatory matters. Rolf Watter is also well versed in corporate governance topics and capital market transactions. Christoph Neeracher is a specialist in private M&A, while Ralph Malacrida is a key name for public transactions. Mariel Hoch, Dieter Dubs and associate Raphael Annasohn are other names to note. Martin Anderson and Paolo Bottini are the key names in Geneva and Lugano respectively.
‘The speed, accuracy and availability of the team is exceptional.’
‘The team has an excellent understanding of the business of the client and outstanding skills to develop a good strategy together with the client. It has great flexibility in adding members with the appropriate skills.’
‘Christoph Neeracher is great to work with; he is very prompt and client-focused – a high quality attorney.’
‘Raphael Annasohn stands out for his great communication skills and being extremely thorough.’
Waterland Private Equity
Porterhouse Group AG
Dentsu Aegis Network
Hellman & Friedman
Compagnie de Saint-Gobain
‘Bär & Karrer has a very strong disputes group with expertise in Swiss law and in various sectors. The availability of many senior partners with excellent legal knowledge and experience and their personal involvement makes its practice different from others.’
‘The team is second to none and very experienced. It is able to face American style attempts of the opponent to try to “kill” you by creating a lot of fuss and irrelevant filings.’
‘Nadja Jaisli Kull has an excellent business understanding and the skills to develop a good strategy with the client. She is an outstanding team manager and able to cope with an immense work load.’
National Iranian Gas Company
‘The firm impresses with its extraordinary teamwork, while every team player is an expert in their own highly educated and experienced way.’
‘The group is a perfect mix of human and professional talents.‘
‘Daniel Hochstrasser’s oriented, focused approach usually leads to very good results.’
‘Aurélie Conrad Hari is a very hands-on and responsive partner.‘
Generali (Schweiz Holding AG)
EnBW Energie Baden-Württemberg
Employment Tier 1
At Bär & Karrer Ltd., the 'practical-minded' team is praised for its 'competence, responsiveness' and 'to-the-point' legal assistance with employer-related transactions, restructurings and litigation. Highlights included handling all employment aspects during GfK's sale of four global divisions to Ipsos; assisting Constellium with moving its rolling business assets to Novello; and acting for Novartis on the planning and implementation of its Alcon eye care spin-off business. Laura Widmer also led on the employment aspects of Swedish Orphan Biovitrum AB's takeover of emapalumab. Marie-Christine Balzan, Andrea Gamba and Thomas Stoltz are other key contacts.
‘Very competent, efficient, responsive, practical-minded.‘
‘Competence, responsiveness, to-the-point.‘
SIG Combibloc Group
Swedish Orphan Biovitrum AB
Zurich Insurance Company Ltd
Fintech Tier 1The practice at Bär & Karrer Ltd. has the 'intellectual strength to make you feel confident about everything' according to one client, and provides 'excellent advice on navigating the complexities' of a constantly evolving fintech domain. The group handles the establishment of electronic payment solutions, DLT business models or financial instruments, and assists with the set-up of online platforms for peer-to-peer lending. Eric Stupp, who is 'to-the-point', heads the department with Daniel Flühmann, supported by a team that includes Peter Hsu and associate Gadi Winter – 'a talent' who has 'good legal knowledge and links it with a commercial mindset'. Recent highlights include advising on Insurtech B3i's new equity funding round, and HQLAx's first blockchain live securities lending transaction.
‘They’re a “can do” team with the intellectual strength to make you feel confident about everything they tell you.‘
‘Peter Hsu is the most user-friendly lawyer I have met in Switzerland – down-to-earth, ready to roll up his sleeves, but also experienced and sage in his advice.‘
‘This practice is well connected within the Swiss legal, regulatory and financial communities and is able to provide excellent advice in navigating the complexities of the new and evolving financial technology ecosystems that are emerging.‘
‘We have worked extensively with Eric Stupp, Martin Peyer, and Gadi Winter at this firm. They have demonstrated deep knowledge of the Swiss financial regulatory landscape particularly in connection with the rapidly evolving world of blockchain, distributed ledger technologies and cryptocurrencies. In addition they are able to advise across the intricacies of the different legal aspects pertaining to organisational structures. The team makes themselves available on short notice and are always extremely responsive as well as pro-active.‘
‘I was interacting with Eric Stupp and Gadi Winter when negotiating a funding round of an insurance industry-wide tech start-up based in Switzerland (and jointly owned by many big industry players). Eric and Gadi both have been a great pleasure to work with. I particularly liked the highly pragmatic approach the team displayed throughout the funding process. The team has in-depth knowledge in all relevant legal areas and a lot of experience with fintech start-ups. Their advice was very professional, highly responsive and always pragmatic and to-the-point.‘
‘Eric in particular has always applied a strong commercial mindset and agility as the investment structures (wishes by the clients) changes overtime. While Eric’s legal advice was always to-the-point, he went much beyond that and helped solving challenges outside of the legal sphere. Very impressed by his experience and great support. Gadi is a talent. He is just in his second year as associate but you would never guess so. He has good legal knowledge and links it with a commercial mindset. Definitely a talent to watch out for.‘
B3i Services AG
Oakura Ventures AG
Swiss Fintech AG (Loanboox)
Healthcare and life sciences Tier 1
Bär & Karrer Ltd. is regularly instructed by national and international corporations, and impresses with a broad practice. In addition to being active in M&A and capital market transactions, disputes and regulatory matters, the team also advises on questions regarding drug distribution and marketing. Regulatory expert Markus Schott assists his clients in both contentious and non-contentious matters; he jointly leads the practice with Markus Wang, who specialises in IP. Philippe Seiler and Alexandra Johnson complement the team.
Bär & Karrer Ltd. impresses with a broad full service offering. It acts for clients from the financial services, life sciences, technology, energy, entertainment and sports industries, among others. The group is known for its activity in the practice areas of banking and finance, capital markets, dispute resolution, insurance, M&A, private clients and tax. The key contacts are Eric Stupp, Christoph Neeracher, Ralph Malacrida, Daniel Hochstrasser, and Andreas Länzlinger, as well as Thomas Reutter, Tina Wüstemann, Susanne Schreiber, Michele Bernasconi and Peter Hsu.
‘Excellent team, which is second to none; fully committed to execute the common strategy developed with the client.’
‘This practice is well-connected within the Swiss legal, regulatory and financial communities and is able to offer excellent advice for navigating the complexities of the new and evolving systems.’
‘Thomas Reutter has a lot of experience in disclosure matters, he is very client-focussed and business-minded.’
‘Peter Hsu is an excellent team manager with great business understanding.’
Bank J. Safra
Swiss Prime Site
Waterland Private Equity
‘Bär & Karrer offers a very highly skilled team; it provides well-integrated tax and non-tax legal capabilities, and it ensures prompt replies to its client’s needs.’
‘Paolo Bottini is a smart tax lawyer with the ability to understand the background and transactions, and can offer solutions that are practical and professional.‘
Banca dello Stato del Cantone Ticino
Private client Tier 1
The team at Bär & Karrer Ltd. has considerable experience in the private client space. It is regularly approached to assist with trust and estate litigation, trusts, foundations and related wealth planning structures and succession planning, among other areas. The group, which closely collaborates with the corporate, tax and dispute resolution practice group, is led by Tina Wüstemann. She is an expert in estate and governance planning as well as in the administration of international estates. Other key practitioners include inheritance specialist Daniel Leu and Daniel Bader, who is well versed in tax matters.
‘The team is universally excellent, and is able to tackle high-value, complex matters with a view to achieving the best results for its often highly demanding clients.’
‘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 great person with whom to work, and you wouldn’t want her as an opponent.’
‘Daniel Bader is a top private client lawyer with deep expertise in cross-border planning.’
‘Daniel Leu stands out as a highly effective and very bright lawyer who always gets to the heart of the problem very quickly.’
Real estate and construction Tier 1
Bär & Karrer Ltd. has a strong focus on transactions, with its expertise ranging from portfolio transactions and share deals to initial public offerings and capital increases. Its client portfolio consists of companies from the financial services, energy, health and retail sectors. Corrado Rampini has a strong track record in transactions and also advises on the financing of real estate portfolios; Daniel Bader covers tax matters; and associate Charles Gschwind is also noted.
‘The team has an excellent mix of experience, motivation and thoroughness.‘
‘Corrado Rampini is an extremely experienced practitioner.’
‘Charles Gschwind is very knowledgable and able to bring complex matters to the finishing line.’
PSP Swiss Property
Andermatt Swiss Alps
E. Schubiger & Cie. AG
Sports law Tier 1
Bär & Karrer Ltd. has 'an outstanding reputation in sports law'. In recent work, the team represented UEFA in several arbitration proceedings before the Court of Arbitration for Sport (CAS) and is acting for a Swiss television corporation in a dispute over sports media rights. Team lead Michele Bernasconi is 'a star' and 'the go-to lawyer when the stakes are highest', particularly for disputes cases relating to doping and international football transfers. Jan Kleiner joined from Kleiner & Cavaliero AG in May 2019 and has experience representing high-profile clients including worldwide football and athletics governing bodies.
‘Bar and Karrer have an outstanding reputation in sports law. The team has depth in experience before the Court of Arbitration for Sport and Swiss courts.’
‘Michele Bernasconi is a star. He is the go-to lawyer when the stakes are highest. He is also extremely friendly and a joy to work with.’
‘Very high level of professionalism, expertise and experience when dealing with case.’
‘Reliability, punctuality and knowledge of the environment. I have to point out Michele Bernasconi, Lukas Stocker and Luca Tarzia as outstanding lawyers.’
‘I firmly believe that the firm respects all the most important standard of international practice, specialised in sports law with partners and associates of a great level.’
‘The firm has a great impact in the market. There are many practitioners involved and in particular Mr Bernasconi and Mr Kleiner have a great attitude and problem-solving approach at the highest level.’
Olympic Council of Asia
Swiss TV Corporation
ANOC, Association of National Olympic Committees
European Athletics Association
Qatar Athletics Federation
Tax Tier 1
Bär & Karrer Ltd. has a strong tax offering from its offices across Switzerland. The group is well integrated with other departments, and is able to leverage the strength of the firm's capital markets, corporate and private client practices; its main areas of activity are tax structuring; negotiations with tax authorities; and tax litigation. Susanne Schreiber, who is a key contact for corporate tax mandates, particularly those with cross-border elements, and Daniel Bader, who is regularly instructed by high-net-worth-individuals with regard to succession planning and private wealth structures, jointly lead the practice. Other key names include Christoph Suter in Geneva and Paolo Bottini in Lugano.
‘Exceptional internal and external network of experts to which access is given without hesitation. A truly inter-disciplinary team approach with efficient communication and client expectation management.’
‘The individuals are always available and provided exceptional advice and high quality work under extreme pressure.’
‘Susanne Schreiber is an outstanding tax adviser with exceptional legal skills and profound commercial understanding. She is initiative and pro-active and interested in avoiding problems rather than solving them.‘
‘Daniel Bader gives clear advice that can be implemented instantly. He is very professional, kind and ‘Swiss’ precise.’
‘Christoph Suter is highly skilled, extraordinarily reactive.‘
Landis & Gyr AG
Jacobs Holding / Colosseum AG
Swiss Prime Site
Banking and finance: Geneva Tier 2
Bär & Karrer Ltd. impresses with its broad practice which covers transactional and regulatory work, as well as support in banking-related criminal and civil proceedings and investigations. The team assists borrowers and lenders alike and its client roster includes several international banks. Cédric Chapuis has strong experience in acquisitions in the banking sector and compliance, while Frédéric Bétrisey is a specialist in various financial products; they jointly lead the team. Other key practitioners include civil litigation expert Aurélie Conrad Hari; Andrew Garbarski, who is well versed in insolvency and white collar crime matters; and Martin Anderson, who is noted for his expertise in financing transactions and asset management.
‘The teams stands out for its reactivity, transparency, clearness of advice, and pragmatism.’
‘The individuals are highly professional, knowledgeable, and they understand businesses very well.‘
‘Frédéric Bétrisey has notable competence and strong commitment.’
‘Andrew Garbarski has great knowledge in white-collar cases, is very precise and always well-prepared.’
Banque Cantonale de Genève
Mercuria Energy Trading Intesa
Standard Chartered Bank
Competition Tier 2
The competition team at Bär & Karrer Ltd. is noted for its experience in acting for clients in investigations initiated by the ComCo regarding the alleged abuse of a dominant position or cartels. Furthermore, it advises national and international companies from a variety of industries on antitrust matters as well as merger control proceedings. Practice head and key contact Mani Reinert is a dedicated practitioner in the space, who is also well versed in dawn raids, compliance programmes and distribution networks.
Bär & Karrer Ltd.'s practice focuses on data privacy regulations relating to the use of cloud services, the implementation of data protection laws and some international civil litigation. Corrado Rampini and Jan Kleiner – who joined from Kleiner & Cavaliero in May 2019 – jointly head the team, which operates predominantly in the banking, IT, sports and tourism sectors. The group has also advised online service providers including Hotels.com, Expedia and Facebook, on regulatory and data compliance issues. Other work involves consulting on internal data surveillance or monitoring processes.
Swiss TV Corporation
Standard Chartered Bank
Insurance Tier 2
The 'extremely responsive' team at Bär & Karrer Ltd. is 'ready to go the extra mile' with its 'client-centric attitude' across all advisory work. Recent highlights include assisting Allianz Suisse Versicherungs-Gesellschaft on its acquisition of DAS Switzerland; advising Insurtech B3i on a new equity funding round; and acting for Credit Suisse on the ECA financing and collateral structure for the Ankara-Nidge Turkish highway project. Peter Hsu, who regularly advises Swiss and foreign insurers or re-insurers, intermediaries, securities dealers and fintech businesses, is the key contact.
‘Extremely responsive, quick, ready to go the extra mile.’
‘Extremely responsive. An extremely bright and knowledgeable team. Always trying to be helpful to move things forward with great business acumen.’
‘Client-centric attitude – the team strives to understand the interests of the client, formulates responses incorporating the client’s perspective and the team delivers along the agreed expectation path. High quality work!‘
‘Work very professionally, available and fast.’
‘The firm combines technical skill with the ability to be commercial and efficient in the delivery and turnaround of advice.’
AON Schweiz AG
B3i Services AG
Intellectual property Tier 2
Bär & Karrer Ltd.'s expertise lies in IP-related capital markets and M&A work and its client base is predominantly drawn from the technology, life sciences and pharmaceutical sectors. The practice, which led by the 'highly experienced' Markus Wang, provides 'good technical insight' and 'always keeps the client's needs in view'. The team is representing X-Technology in litigation against a former manufacturer; assisting Giorgio Armani S.p.A. with its Swiss trade mark portfolio; and advising Computacenter on the acquisition of hardware re-seller PathWorks. In another highlight, Wang led advice to Novartis on all IP-related affairs following the spin-off of Alcon as an independent public trading company.
‘Very experienced in IP litigation; good technical insight; always keeps the client’s needs in view.‘
‘Markus Wang is highly experienced in IP litigation.‘
Giorgio Armani SpA
Novartis, incl. Sandoz
Gedeon Richter Plc
Elca Informatik AG
Bär & Karrer Ltd.'s strong Geneva line-up includes Saverio Lembo, Pierre-Yves Gunter and Alexandra Johnson, who are particularly active in dispute resolution. Further core pillars of the firm are its banking and finance, regulatory and M&A practices. Other names to note include Cédric Chapuis, Frédéric Bétrisey, Martin Anderson and Aurélie Conrad Hari.
Public law Tier 2
At Bär & Karrer Ltd., the team handles public law matters related to infrastructure, financial and export control services in the transport, education, healthcare, media and life sciences sectors. The team, which is led by Markus Schott, acted for Swiss TV Corporation in a sports media rights dispute; assisted with the dismissal of a head physician from the Department of Health at the Canton of Zurich; and acted for Swissgrid AG on general legal and public procurement matters. Phyllis Scholl departed for Baryon AG in late 2018.
Swiss TV Corporation
Canton of Zurich
SBB (Swiss Federal Railroad Company)
TMT Tier 2
The 'professional and responsive' team at Bär & Karrer Ltd. is known for its 'high-level knowledge and attention to detail'. Highlights included assisting online services providers – including Hotels.com and Facebook – with regulatory and compliance issues, and advising on various IP-heavy M&A and joint venture transactions for IT groups including Elca Informatik AG, Computacenter and Combell. The 'very experienced and pragmatic' Michele Bernasconi has 'a stellar market reputation', and leads the practice alongside Markus Wang. Jan Kleiner, 'one of the key players in the sector', joined as a partner from Kleiner & Cavaliero in May 2019.
‘Bar and Karrer’s team is highly professional and responsive.’
‘Michele Bernasconi is the key partner in the TMT sector. I have been cooperating extensively with him on TMT matters and he is a very experienced and pragmatic lawyer who I would recommend to anyone.’
‘Bar & Karrer’s experts demonstrate deep knowledge and provide punctual legal advice in a timely manner. We highly recommend the law firm’s expertise, dedication and hard-working skills.’
‘Michele Bernasconi has always maintained stellar market reputation as he shows in-depth both telecom and technology and IT expertise. Has always put ahead the needs of clients. He is well known in the guild for his regulatory and compliance work.’
‘The team provides high-level knowledge and attention to detail.’
‘The team is very motivated, polite and willing always to help.’
‘The extremely high standards of technical quality, the expeditiousness of their reaction and the personal treatment received from them make Bar & Karrer’s TMT team unique. Always ready to help in a proactive manner, they search and find the best solution to each individual case. They transverse knowledge of other areas of law (like sports law, commercial law or arbitration) by the TMT lawyers at Bar & Karrer makes sure the advice you receive from them is complete, which distinguishes them from other firms that have to seek the aid of other lawyers from other departments of the firm. You deal with the team and only with the team, except for very special cases. This is something I always appreciated in my relationship with them.’
‘Partner Michele Bernasconi is our main contact at the firm. There is not much to say about Michele that has not been said before: one of the leading lawyers in TMT, sports and arbitration throughout the world, with the best legal skills and all the other qualities a top lawyer needs to have: empathy, business orientation, smart in strategy and anticipation. I couldn’t be more satisfied in my professional relationship with him. It is also to be highlighted the role of partner Jan Kleiner in the department. Also one of the key players in the sector, Jan is also a “global advisor”, in the sense that he is able to deal not only with pure TMT issues, but with other related aspects such as proceedings in court, contracts and other regulatory matters. The fact that he speaks perfect Spanish is of great use for our Spanish-speaking clients, and makes the relationship with them closer and swifter. It is always a pleasure to work with Jan.’
Swiss TV Corporation
Elca Informatik AG
Transport Tier 3
The team at Bär & Karrer Ltd. advises clients in the aviation, maritime, road and rail sectors on antitrust, data protection, dispute resolution, vehicle procurement and regulatory affairs. Clients include international transport and logistics couriers, railway manufacturers and rolling stock providers, as well as insurance companies. Corporate and commercial partner Luca Jagmetti and M&A specialist Christoph Neeracher are the main contacts.
Cembra Money Bank
Bär & Karrer Ltd. > Firm Profile
Bär & Karrer is a renowned Swiss law firm with more than 170 lawyers in Zurich, Geneva, Lugano and Zug.
Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world.
Most of our work has an international component. We have broad experience handling cross-border proceedings and transactions. Our extensive network consists of correspondent law firms which are all market leaders in their jurisdictions.
Bär & Karrer was repeatedly awarded Switzerland Law Firm of the Year by the most important international legal ranking agencies in recent years.
2019 STEP Award (“International Legal Team of the Year”)
2019 Citywealth Magic Circle Award (“Law Firm of the Year – Switzerland”)
2019, 2015 and 2014 IFLR Award
2019 IFLR Debt and equity-linked Deal of the Year
2019, 2018, 2016, 2015 and 2014 Mergermarket European M&A Award (“Legal Adviser of the Year”)
2018 IFLR M&A Deal of the Year
2018 Best in Trusts & Estates by Euromoney LMG
2018, 2017 Trophées du Droit Silver
2016, 2013 and 2012 Chambers Award
2016, 2015 and 2014 Legal 500 (“most recommended law firm in Switzerland”)
2016 Trophées du Droit Gold
2015, 2014, 2013, 2011, 2010 The Lawyer European Award
2015 Citywealth Magic Circle Award (“Law firm of the Year – EMEA”)
2014 Citywealth International Financial Centre Award
|Arbitration||Daniel Hochstrasserfirstname.lastname@example.org||+41 58 261 50 00|
|Arbitration||Pierre-Yves Gunteremail@example.com||+41 58 261 57 00|
|Banking and insurance||Eric Stuppfirstname.lastname@example.org||+41 58 261 50 00|
|Banking and insurance||Peter Hsuemail@example.com||+41 58 261 53 94|
|Banking and insurance||Cédric Chapuisfirstname.lastname@example.org||+41 58 261 57 00|
|Banking and insurance||Rashid Baharemail@example.com||+41 58 261 53 92|
|Banking and insurance||Daniel Flühmannfirstname.lastname@example.org||+41 58 261 56 08|
|Capital markets||Thomas U. Reutteremail@example.com||+41 58 261 52 84|
|Competition law||Mani Reinertfirstname.lastname@example.org||+41 58 261 52 88|
|Corporate and commercial||Michael Trippelemail@example.com||+41 58 261 50 00|
|Corporate and commercial||Urs Kägifirstname.lastname@example.org||+41 58 261 56 13|
|Corporate governance||Rolf Watteremail@example.com||+41 58 261 50 00|
|Data protection||Corrado Rampinifirstname.lastname@example.org||+41 58 261 52 83|
|Employment||Thomas Stoltzemail@example.com||+41 58 261 59 00|
|Energy and natural resources||Markus Schottfirstname.lastname@example.org||+41 58 261 54 77|
|Financing||Ralph Malacridaemail@example.com||+41 58 261 50 00|
|Financing||Frédéric Bétriseyfirstname.lastname@example.org||+41 58 261 57 00|
|Fintech||Eric Stuppemail@example.com||+41 58 261 50 00|
|Fintech||Daniel Flühmannfirstname.lastname@example.org||+41 58 261 56 08|
|Funds, financial products and asset management||Rashid Baharemail@example.com||+41 58 261 53 92|
|Internal investigation||Andreas Länzlingerfirstname.lastname@example.org||+41 58 261 50 00|
|Internal investigation||Eric Stuppemail@example.com||+41 58 261 50 00|
|IP and technology||Markus Wangfirstname.lastname@example.org||+41 58 261 55 10|
|Life sciences||Markus Wangemail@example.com||+41 58 261 55 10|
|Life sciences||Markus Schottfirstname.lastname@example.org||+41 58 261 54 77|
|Listed companies||Dieter Dubsemail@example.com||+41 58 261 50 00|
|Litigation||Matthew T. Reiterfirstname.lastname@example.org||+41 58 261 50 00|
|Media, entertainment and sports||Michele Bernasconiemail@example.com||+41 58 261 50 00|
|Mergers and acquisitions||Rolf Watterfirstname.lastname@example.org||+41 58 261 50 00|
|Mergers and acquisitions||Christoph Neeracheremail@example.com||+41 58 261 52 64|
|Mergers and acquisitions||Mariel Hochfirstname.lastname@example.org||+41 58 261 55 99|
|Mergers and acquisitions||Dieter Dubsemail@example.com||+41 58 261 50 00|
|Mergers and acquisitions||Ralph Malacridafirstname.lastname@example.org||+41 58 261 50 00|
|Mergers and acquisitions||Martin Andersonemail@example.com||+41 58 261 57 00|
|Mergers and acquisitions||Paolo Bottinifirstname.lastname@example.org||+41 58 261 58 00|
|Notarial services||Thomas Stoltzemail@example.com||+41 58 261 59 00|
|Private clients||Tina Wüstemannfirstname.lastname@example.org||+41 58 261 50 00|
|Real estate||Corrado Rampiniemail@example.com||+41 58 261 52 83|
|Reorganisation and insolvency||Thomas Rhodefirstname.lastname@example.org||+41 58 261 52 31|
|Startup Desk||Christoph Neeracheremail@example.com||+41 58 261 52 64|
|Startup Desk||Raphael Annasohnfirstname.lastname@example.org||+41 58 261 52 65|
|Tax||Daniel Baderemail@example.com||+41 58 261 54 32|
|Tax||Susanne Schreiberfirstname.lastname@example.org||+41 58 261 52 12|
|Transport and logistics||Luca Jagmettiemail@example.com||+41 58 261 52 62|
|White-collar crime||Saverio Lembofirstname.lastname@example.org||+41 58 261 57 00|
|Mr Martin Anderson||View Profile|
|Mr Raphael Annasohn||View Profile|
|Mr Gianpaolo Arrigoni||View Profile|
|Dr Andreas Bär||View Profile|
|Mr Frédéric Bétrisey||View Profile|
|Mr Daniel Bader||View Profile|
|Prof Dr Rashid Bahar||View Profile|
|Ms Marie-Christine Balzan||View Profile|
|Mr Michele Bernasconi||View Profile|
|Dr Ruth Bloch-Riemer||View Profile|
|Mr Paolo Bottini||View Profile|
|Mr Urs Brügger||View Profile|
|Dr Cédric Chapuis||View Profile|
|Ms Aurélie Conrad Hari||View Profile|
|Dr Dieter Dubs||View Profile|
|Dr Daniel Flühmann||View Profile|
|Mr Andrea Gamba||View Profile|
|Prof Dr Andrew M. Garbarski||View Profile|
|Mr Pierre-Yves Gunter||View Profile|
|Dr Mariel Hoch||View Profile|
|Mr Daniel Hochstrasser||View Profile|
|Dr Peter Hsu||View Profile|
|Dr Luca Jagmetti||View Profile|
|Mrs Nadja Jaisli Kull||View Profile|
|Dr Cesare Jermini||View Profile|
|Ms Alexandra C. Johnson||View Profile|
|Ms Anne Valérie Julen Berthod||View Profile|
|Dr Urs Kägi||View Profile|
|Dr Andreas D Länzlinger||View Profile|
|Dr Daniel U. Lehmann||View Profile|
|Mr Saverio Lembo||View Profile|
|Dr Daniel Leu||View Profile|
|Dr Ralph Malacrida||View Profile|
|Dr Christoph Neeracher||View Profile|
|Prof Dr Andrea Opel||View Profile|
|Dr Corrado Rampini||View Profile|
|Mr Daniel Raun||View Profile|
|Dr Mani Reinert||View Profile|
|Mr Matthew T Reiter||View Profile|
|Dr Thomas U Reutter||View Profile|
|Mr Lukas Roesler||View Profile|
|Mr Thomas Rohde||View Profile|
|Prof Dr Markus Schott||View Profile|
|Ms Susanne Schreiber||View Profile|
|Dr Philippe Seiler||View Profile|
|Mr Thomas Stoltz||View Profile|
|Mr Eric Stupp||View Profile|
|Mr Christoph Suter||View Profile|
|Mr Michael Trippel||View Profile|
|Mr Roland Truffer||View Profile|
|Mr Massimo Vanotti||View Profile|
|Ms Tina Wüstemann||View Profile|
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BANKING AND FINANCE: ZURICH
Bär & Karrer has an established practice advising banks, securities dealers, insurance and reinsurance companies, and other financial institutions in Switzerland and around the world.
We represent financial institutions, issuers, investors, and other market participants in enforcement proceedings of the Swiss Financial Market Supervisory Authority FINMA.
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.
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.
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).
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.
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).
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).
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.
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.
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.
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.
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.
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.
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.
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 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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.>
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.
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.
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.
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.
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.
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.
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.
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 Dufr
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).
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.
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.
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).
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 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'.
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.
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.
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 announces that Christoph Suter has been elected as partner to lead the tax practice in Geneva as of 1 October 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.
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).
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.
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.
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.
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.
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.
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 Baron
Bär & Karrer Advises Priora on Acquisition of Large Minority Stake in Galenica
Bär & Karrer Advises Sanofi on Exchange Transaction with Boehringer Ingelheim
Bär & Karrer Advises Pax Anlage on the Public Takeover Offer of Baloise
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.
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.
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.
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.
KG ("Maxburg"), advised by Maxburg Capital Partners has purchased saracus group, an IT consultancy firm based in Germany and Switzerland.
Bär & Karrer Advised Screening Eagle Technologies and its Majority Shareholder on the CHF 55 MillionScreening 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.
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.
Swiss Financial Market Supervisory Authority Introduces Strict Requirements for Payment TransactionsClick here for more information.
The proceedings concerned an appeal filed by the Albanian football club KS Skënderbeu against a decision issued by UEFA.
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.
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.
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.
here for more information.
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.
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.
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 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.
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.
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).
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.
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 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.
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.
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).
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).
Combell acquired switchplus, a company for internet presence and domain names, from SWITCH.
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).
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.
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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).
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.
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).
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.
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.
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...
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.
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.
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 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.
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.
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).
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.
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.
Switzerland: Private Equity
Published: January 2020
Authors: Dr. Christoph Neeracher Dr. Philippe Seiler Raphael Annasohn
This country-specific Q&A provides an overview to Private Equity laws and regulations that may occur in Switzerland.
Switzerland: Corporate Governance
Published: March 2020
Authors: Urs Kägi Daniel Raun Annina Hammer
This country-specific Q&A provides an overview to Corporate Governance laws and regulations that may occur in Switzerland.
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