Niederer Kraft Frey Ltd

16 April 2026 Niederer Kraft Frey acted as lead counsel to UBS Switzerland AG as mandated lead arranger, bookrunner and agent and the other members of the banking syndicate in connection with a CHF 120 million credit financing for the DentaCore Group. Founded in 2021, DentaCore Group has built a vertically integrated dental platform that has rapidly expanded to a network of over 60 operating locations and laboratories across Switzerland. The NKF team was led by Transaction partners Adrian Koller and Philip Spoerlé, working with associates Lorenzo Henseler, Carlotta Ulmer and Alexander Züger, junior associates Barbara Bürgi and Matthias Schmid (all Transactions) and counsel Marc Vogelsang (Tax).

10 April 2026 Niederer Kraft Frey advised Luzerner Kantonalbank AG acting as arranger, agent and security agent and the other members of the banking syndicate in connection with a refinancing for HOCHDORF Swiss Nutrition AG. HOCHDORF Swiss Nutrition AG is a Swiss market leader in milk processing, specialising in infant nutrition, powder and mixing technology for milk-based and alternative proteins. The NKF team was led by Transactions partners Adrian Koller and Ulysses von Salis, working with associate Alexander Züger and junior associate Barbara Bürgi (both Transactions), as well as counsel Marc Vogelsang (Tax).

2 April 2026 Niederer Kraft Frey advised SHL Medical AG on its refinancing by a broad syndicate of lenders led by UBS Switzerland AG as mandated lead arranger, agent and security agent. Founded in 1989 and headquartered in Switzerland, SHL Medical AG is a world-leading provider of drug delivery solutions, such as autoinjectors, and a trusted partner to global pharmaceutical companies and biotech firms across 75 markets worldwide. The NKF team was led by Transaction partners Adrian Koller and Philip Spoerlé, working with associate Carlotta Ulmer and junior associate Barbara Bürgi (both Transactions).

27 March 2026 Niederer Kraft Frey advised Vantage Education Group on the integration of IREM – Institute Real Estate Management. With this transaction, Vantage Education Group expands its network of specialized educational institutions and further strengthens its position as a leading provider of higher education in Switzerland. IREM – Institute Real Estate Management, based in Winterthur, is a specialized educational institution focused on the real estate industry. It offers practice-oriented courses, diploma programs, and exam preparation for both career starters and experienced professionals. IREM’s mission is to deliver practical expertise and prepare professionals for the demands of the real estate industry. Its continuing education portfolio ranges from foundation courses to programs preparing participants for federal diplomas. By joining Vantage Education Group, IREM will benefit from the group’s infrastructure and network, enabling further expansion of its educational offering. At the same time, IREM complements Vantage’s portfolio with its specialized competence area in the real estate sector. Both organizations share the goal to develop practical and forward-looking continuing education programs for key sectors of the Swiss economy. The NKF team was led by Corporate/M&A partner Manuel Werder, working with associate Naomi Loretz and junior associate Nora Arpagaus (both Corporate/M&A).

26 March 2026 Niederer Kraft Frey advised PAVE Space on landmark seed round. PAVE Space, a Swiss space infrastructure company headquartered in Lausanne, has raised USD 40 million in seed funding to develop a new generation of spacecraft designed to move satellites rapidly between orbits. The investment – one of the largest seed investments in the global space sector in recent years – will enable PAVE Space to transition from development into real-world testing and early commercial operations. Founded in 2024 by Julie Böhning (CEO) and Jérémy Marciacq (CTO) – who began building rockets together as students at EPFL – PAVE Space is developing a family of orbital transfer vehicles (OTVs) capable of transporting satellites from low Earth orbit (LEO) to higher-energy destinations, including geostationary orbit (GEO), medium Earth orbit (MEO), and lunar trajectories, in under 24 hours. The technology directly addresses one of the most pressing logistical bottlenecks of the rapidly expanding space economy. PAVE Space’s flagship product, a heavy kickstage vehicle, delivers satellites to higher-energy orbits quickly and reliably. By replacing the conventional electric orbit-raising process, the platform substantially reduces mission timelines and overall mission costs. This capability is attracting growing interest from both commercial operators and defense and institutional customers requiring rapid, flexible orbital mobility. Alongside its flagship system, PAVE Space is developing a smaller, mobile platform purpose-built for responsive missions and dual-use applications, enabling satellites and payloads to reposition across orbital slots with speed and precision. PAVE Space’s seed financing was led by Visionaries Club and Creandum, with participation from Lombard Odier Investment Managers, Atlantic Labs, Sistafund, b2venture, ACE Investment Partners, Ilavaska Vuillermoz Capital, Pareto and Motier Ventures. The NKF team was led by Corporate/M&A and Technology partner Jacques Bonvin, working alongside partner Andrea Wuerzner (Corporate/M&A), associates Boris Catzeflis (Corporate/Technology) and Luisa Egli (Corporate/IT/IP), and counsel Marc Vogelsang (Tax).

25 March 2026 Kandou AI, a leader in high-speed, energy-efficient connectivity and system solutions for the AI era successfully closed a USD 225 million strategic investment round with backing from strong financial and strategic investors. The oversubscribed Series-A round was led by Maverick Silicon with strategic participation from SoftBank Group Corp., Synopsys, Inc., Cadence Design Systems, Inc. and Alchip Technologies Limited, signaling strong market conviction in Kandou AI’s mission to solve the critical data movement challenges in AI infrastructure. Several existing investors also participated in the financing round. Founded to advance high-speed, longer reach, low power connectivity solutions, Kandou AI is a fabless semiconductor design company that leverages its differentiated interconnect IP and system design capabilities to build high-performance connectivity products for customers across datacenter infrastructure, AI, and consumer electronics, with over 20 million silicon units shipped using its technology. Kandou AI is headquartered in Saint-Sulpice, Switzerland, with offices worldwide. Niederer Kraft Frey advised several investors on this strategic investment transaction. The NKF team was co-led by Transactions partners Philip Spoerlé and Andrea Giger and further comprised partner Adrian Koller and associates Victoria Hotz and Peter-Conradin Schreiber (all Transactions), partner Janine Reudt-Demont and associate Luisa Egli (both IP/ IT/ Data Protection/ Regulatory) and counsel Marc Vogelsang (Tax).

13 April 2026 Niederer Kraft Frey has advised Swiss global private banking group EFG International with respect to EFG Bank’s offering and issuance of new CHF 130 million senior unsecured bonds 2026 – 2032 and the concurrent first reopening for CHF 140 million under the existing CHF 125 million senior unsecured bonds 2025 – 2029. EFG Bank successfully closed the issuance of new CHF 130 million domestic senior unsecured bonds with a 6-year maturity and a fixed annual coupon of 1.2350 percent with Swiss investors. Concurrently, EFG Bank completed the first reopening under the existing CHF 125 million 0.9625 percent senior unsecured bonds 2025 – 2029 by issuing CHF 140 million additional domestic senior unsecured bonds, bringing the total outstanding amount of that 2025 – 2029 issuance to CHF 265 million. The bonds are listed on SIX Swiss Exchange and are expected to be included in the domestic segment of the Swiss Bond Index (SBI). The transaction follows EFG Bank’s successful inaugural placement and issuance in June 2024 of CHF 370 million dual-tranche senior unsecured bonds comprising of CHF 230 million with a 3-year maturity and CHF 140 million with a 6-year maturity, the placement and issuance in March 2025 of CHF 340 million dual-tranche senior unsecured bonds comprising of CHF 175 million with a 3-year maturity and CHF 165 million with a 6-year maturity, and the issuance in June 2025 of CHF 125 million senior unsecured bonds with a 4-year maturity and a fixed annual coupon of 0.9625. Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch and Zürcher Kantonalbank acted as Joint Lead Managers The NKF team was led by Capital Markets partner Daniel Bono and included partner Philippe Weber, senior associate Giulia Ghezzi and associate Manuel Hirlinger (all Capital Markets).

Niederer Kraft Frey advised L.E.S.S. SA on its series C financing round. L.E.S.S. SA, which develops ultra-thin nano active fiber lighting solutions for industrial vision, automotive applications and medical illumination, has successfully closed a USD 22 million (CHF 17 million) series C financing. L.E.S.S. SA is a Swiss high-tech scale-up, founded in 2012, that designs, develops and manufactures advanced lighting solutions based on its proprietary nano-active fiber technology. The LuxiBright® technology delivers ultra-bright, ultra-uniform and ultra-thin lighting systems that outperform traditional LED technology in precision, efficiency and flexibility. These solutions are used across demanding technical applications such as industrial machine vision (for precise inspection), automotive lighting (including high-end signal and contour lights), and medical illumination, addressing both performance and energy-efficiency needs. Driven by the expertise and determination of the #FearLESSTeam, L.E.S.S. SA recently presented the world’s first series production vehicle featuring LuxiBright® technology marking a major milestone in automotive lighting, combining cutting-edge technology with visionary design. The financing will be used to scale up the business. The NKF team was led by Corporate/M&A and Technology partner Jacques Bonvin, working with partner Andrea Wuerzner (Corporate/M&A) and associate Boris Catzeflis (Technology).

Niederer Kraft Frey advised CVC as Swiss law advisor on its acquisition of Animal Nutrition & Health (ANH) from dsm-firmenich via a carve-out transaction for an enterprise value of EUR 2.2 billion. The transaction includes an earn-out of up to EUR 0.5 billion, with dsm-firmenich retaining a 20 percent equity stake in the divested ANH business alongside CVC. CVC is a leading global private markets manager focused on private equity, secondaries, credit and infrastructure with a global network of 30 local offices and EUR 205 billion of assets under management. ANH is a global provider of science-based animal nutrition and health solutions. The business offers products ranging from vitamins and premixes, to feed additives that improve animal health, performance, feed efficiency and sustainability across livestock production. ANH helps producers deliver high-quality animal protein while reducing environmental impact. The NKF team was led by Corporate/ M&A partners Patrik Peyer and Moritz Maurer and senior associate Alexander Göbel, working with associates Alexandra Neuenschwander and Nadine Wanner (both Corporate/ M&A), partner Andreas F. Vögeli, associates Yannik Bleiker and Jessica Messerli (Real Estate), partner Janine Reudt-Demont and associate Luisa Egli (both Regulatory), partner Philip Spoerlé (Finance), partner Andreas Casutt and associate Sabrina Gysi (Employment), partner Simon Bühler and associate Antonio Gramunt (both Pensions), partner Roman Sturzenegger and associate Anastasia Herger (Restructuring) as well as counsel Marc Vogelsang (Tax). White & Case acted as lead counsel. The White & Case team was led by Stefan Koch, Ben von Maur, Carlo Meert, Carola Glasauer and Joshua Crawley.

Niederer Kraft Frey advised medermis clinics on its acquisition of Dermazentrum Schaffhausen AG. medermis clinics is a leading provider of dermatological, phlebological and aesthetic healthcare services, operating 73 locations in Germany and Switzerland, with more than 1’500 employees including 300 physicians. Dermazentrum Schaffhausen AG is an established dermatology practice offering a broad range of medical dermatology services. This acquisition marks a strategic step in expanding medermis clinics’ presence in the Schaffhausen region. The NKF team was co-led by partner Moritz Maurer and senior associate Samuel Hochstrasser (both Corporate/M&A), working with partner Janine Reudt-Demont (Healthcare/Regulatory), senior associate Alexander Göbel, associates Alexandra Neuenschwander, Sabrina Gysi and Kevin Melchior Ebener (all Corporate/M&A) and associate Yannik Bleiker (Real Estate).

Niederer Kraft Frey is acting as counsel to EFG International on the acquisition of 100 percent of Quilvest (Switzerland) Ltd, a pure-play Swiss private bank with an established footprint in Latin America, strong focus on ultra-high net worth individuals (UHNWI) and a long-standing and successful track record in advising on private market investments. The closing of the transaction is expected in the third quarter of 2026 and subject to regulatory approval. Quilvest Switzerland was founded in 1932 by the Argentinian Bemberg family and is fully owned by Bemberg Capital, a Luxemburg-based holding of the family. The bank is headquartered in Zurich and has an established presence in Montevideo, Uruguay. It has approximately CHF 5.3 billion of client assets, of which CHF 3.9 billion are Assets under Management and CHF 1.4 billion Assets under Custody. Its business focuses on serving UHNWIs domiciled in Latin America, Western Europe including Switzerland and the Middle East. UHNW and HNW clients account for more than 90% of total AuM. The NKF team was co-led by Corporate/M&A partners Philippe Weber and Thomas Brönnimann, working with associate Manuel Hirlinger and junior associate Sandja Kozina (both Corporate/M&A), counsel Yannick Wettstein and senior associate Florian Steiner (both Regulatory), and associates Luisa Egli and Stephanie Huchler (both Employment).

Niederer Kraft Frey advised SWISSto12 on the transactions. SWISSto12, one of the world’s fastest-growing aerospace companies and leading manufacturer of advanced satellite systems and radio frequency (RF) products, has secured EUR 73 million (USD 85.5 million) in financial support from European Space Agency (ESA) Member States through the HummingSat ARTES partnership project. In addition, SWISSto12 raised funding from European private investors, bringing its total funding to more than EUR 100 million (USD 117.2 million). Signaling strong institutional and private investor confidence in the company’s commercial potential and operational readiness, the funding will accelerate SWISSto12’s development and industrialization of Hummingsat, SWISSto12’s next-gen affordable, compact satellite, to meet growing demand for commercial and sovereign communications, as well as the scaling up its manufacturing capacity and accelerating new product innovations. These initiatives address increasing global demand for cost-effective, agile and sovereign communications in both government and commercial sectors. The investment will also allow SWISSto12 to further develop its phased-array antenna technologies to be used onboard LEO/MEO/GEO satellite payloads and ground products such as user terminals. The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with associate Boris Catzeflis (Corporate/M&A and Technology).

Niederer Kraft Frey advised the shareholder of Vibro-Consult AG on its successful sale to TIC. Vibro-Consult is one of the leading specialists in vibration and machine diagnostics. With decades of expertise in measurement and vibration technology, the company is a market leader in Switzerland and also supports clients internationally in the analysis, monitoring and optimisation of rotating machinery such as turbines, generators, pumps and similar equipment. The NKF team was led by Corporate/M&A partner Deirdre Ní Annracháin, working together with associate Manuel Hirlinger (Corporate/M&A) and partner Marc Vogelsang (Tax).

Niederer Kraft Frey advised Zürcher Kantonalbank (as mandated lead arranger, coordinator, agent, security agent and original lender) and Luzerner Kantonalbank AG (as mandated lead arranger and original lender) on the financing of the acquisition of a majority stake in Ergon Informatik AG by Afinum. Afinum is an investment company with a focus on investments in mid-sized companies in the DACH region. Ergon Informatik is a leading IT company in Switzerland combining technology, security and business competences to provide solutions for complex business needs, with a focus on developing and distributing software products. The NKF team was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with associate Alexander Züger, junior associate Janyar Assa’d (both Transactions) and partner Markus Kronauer (Tax).

Niederer Kraft Frey is pleased to announce a further significant expansion of its Real Estate practice with the joining of Charles Gschwind as a new partner in Geneva. Charles is a highly experienced Real Estate and M&A lawyer with a strong focus on complex transactions. He advises domestic and international clients on high-profile asset and portfolio deals, sophisticated development projects, landmark hotel transactions and the acquisition of real estate companies, as well as on the structuring and financing of large real estate portfolios. His expertise also covers key regulatory and administrative matters, in particular Lex Koller and environmental law, alongside corporate, commercial and contract law as well as tenancy matters. He further represents clients in challenging (pre-)litigation matters across the real estate sector. Andreas F. Vögeli, head of NKF’s Real Estate team, explains: “With Charles joining us as a new partner, we further strengthen our Real Estate practice, particularly in French-speaking Switzerland. His strong transactional expertise and excellent market reputation make him a perfect fit for our team. We very much look forward to working with him.” Charles Gschwind states: “I am delighted to join NKF and its leading Real Estate team. NKF stands for excellence, collaboration and innovation, and I am very excited to contribute my experience to further expand the practice and deliver outstanding advice and services to our clients.” About NKF Niederer Kraft Frey is a leading Swiss full service law firm with offices in Zurich and Geneva, offering a full range of legal services with an international perspective. NKF works closely with clients to achieve strategic objectives, foster business growth, and navigate complex challenges. The firm is led by 52 partners and employs 220 professionals, including 140 lawyers.

Georg Fischer AG (GF), a Swiss industrial company listed at SIX Swiss Exchange (ticker: GF) has completed the divestment of its iron foundry in Leipzig (Germany) to Linamar Corp., a global manufacturer of advanced mobility and industrial solutions headquartered in Canada, effective end of day on 31 December 2025. The successful closing represents one of the final steps in GF’s transformation into a pure-play Flow Solutions company. The transaction value amounts to approximately EUR 45 million. With the closing, the iron foundry’s around 300 employees and operations in Leipzig transfer to Linamar. The foundry was previously part of the GF Casting Solutions division, for which a divestment agreement covering most of its business was signed on 30 July 2025. Niederer Kraft Frey acts as lead counsel to GF on this transaction, following its earlier lead counsel role in connection with the divestment of GF’s Casting Solutions division to Nemak (announced in July 2025) and the divestment of GF’s Machining Solutions division to United Grinding Group (announced in October 2024). The NKF team is co-led by Transactions partners Philip Spoerlé and Andrea Giger and further comprises associates Carlotta Ulmer, Peter-Conradin Schreiber and Lorenzo Henseler (all Transactions), junior associates Leonard Reiter and Caterina Moor (both Transactions), partner Thomas Hochstrasser (Commercial), partner Nicolas Birkhäuser (Antitrust), as well as counsel Marc Vogelsang (Tax). NKF is supported by White & Case LLP with a team led by Stefan Bressler, Gernot Wagner and Rebecca Emory and comprising Maximilian Eichhorn (all Frankfurt).

22 December 2025 Niederer Kraft Frey acted as Swiss legal counsel to Antin Infrastructure Partners on its agreement to acquire NorthC Datacentres from DWS and other shareholders, a data centre platform with substantial operations in Switzerland, advising on all Swiss-related aspects of the transaction. Antin has a long track record of investing in and scaling critical digital infrastructure platforms across Europe, targeting investments in the energy and environment, digital, transport and social infrastructure sectors. Based in Amsterdam, NorthC operates 25 colocation data centres across major metropolitan areas in the Netherlands, Germany and Switzerland. NorthC has more than 140 MW of secured gross grid capacity from existing and greenfield sites to support future growth, and serves more than 1,600 customers, including cloud and IT service providers, carriers, public sector organisations, financial institutions, industry, transport, healthcare and pharmaceutical sectors. The NKF team was led by Transactions/M&A partner Philipp Candreia, working with partner Andreas F. Vögeli (Real Estate), senior associate Samuel Hochstrasser, associate Pascal Hodel and junior associate Sandja Kozina (all Corporate/M&A), senior associate Annina Fey and associate Yannik Bleiker (both Real Estate), as well as associate Luisa Egli (Data Protection). NKF advised alongside international counsel Clifford Chance.

19 December 2025 Niederer Kraft Frey has acted as lead counsel to the International Chemical Investors Group (ICIG) on the acquisition of BASF’s global optical brightening business by ICIG’s care chemicals platform Catexel. The transaction comprises the international operations of the business, including the production of optical brightening agents at the Monthey site in Switzerland with approximately 80 employees, and represents a further strategic investment by ICIG in the specialty chemicals sector. Catexel is the care chemicals platform of ICIG and focuses on high-quality specialty chemicals for laundry and home care, personal care, and industrial applications. The company is a global leader in detergent ingredients, operating production sites in Germany, the United States and the Netherlands. Catexel develops, manufactures and markets specialty chemicals for a broad range of applications and is an integral part of the ICIG group. The NKF team was led by Corporate/M&A partner Philippe Weber and senior associate Samuel Hochstrasser, working with partner Fabiano Menghini (Real Estate), associate Stephanie Huchler (Employment) and junior associate Sandja Kozina (Corporate/M&A).

Niederer Kraft Frey acted as lead counsel to UBS Switzerland AG as mandated lead arranger & agent and the other members of the banking syndicate in connection with a refinancing for mageba group. mageba group is a leading global supplier of structural bearings, expansion joints, seismic protection devices, and structural monitoring systems for infrastructure, building, and industrial projects. Headquartered in Switzerland, mageba group operates and is represented in over 50 countries worldwide, supporting thousands of major infrastructure projects. The NKF team was led by partners Adrian Koller and Philip Spoerlé, working with junior associate Selim Tisli (all Transactions).

Niederer Kraft Frey advised CoinShares, a leading European digital asset investment firm with over USD 9.5 billion in AUM, on the listing of its physically-backed Toncoin exchange-traded product (ETP) on the SIX Swiss Exchange in Zurich. The listing of CoinShares Physical Staked Toncoin on SIX demonstrates the company’s ongoing commitment to offering investors access to digital asset markets through regulated means. CoinShares’ staked ETPs are designed to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security. They are built to allow the issuer to share staking rewards with investors by reducing the management fee and by increasing the coin entitlement of the ETP each day, as staking awards accrue. CoinShares is a leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF. The NKF team was led by Transactions partner Philip Spoerlé, working with associate Manuel Hirlinger and junior associate Matthias Schmid (both Transactions).

CGS III (Jersey) L.P. has successfully sold 2,532,055 shares in R&S Group Holding AG (SIX: RSGN) by way of a block trade to a group of Swiss and international investors.The sold stake represented 6.8 percent of R&S Group’s share capital and 50 percent of CGS’s holding in the company. Niederer Kraft Frey represented CGS in the transaction. The NKF team was led by Capital Markets partners Philippe Weber and Deirdre Ni Annrachain, working with associate Benedikt Hadorn (Capital Markets).