News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Nestlé issued an aggregate of USD 4 bn notes
On 13 September 2022, Nestlé Holdings, Inc. successfully completed its issuance of USD 750 m 4.000% Notes due 2025, USD 500 m 4.125% Notes due 2027, USD 500 m 4.250% Notes due 2029, USD 1.25 bn 4.300% Notes due 2032 and USD 1 bn 4.700% Notes due 2053. The Notes are guaranteed by the Nestlé…
Reference: CapLaw-2022-39 -
Finalization of Vifor Pharma acquisition by CSL Limited
On 2 August 2022, CSL Limited announced that it has received all necessary regulatory clearances for the acquisition of Vifor Pharma AG announced on 14 December 2021. The settlement of the USD 11.7 bn public tender offer occurred on 9 August 2022.
Reference: CapLaw-2022-40 -
Public tender offer for Bobst Group SA by its largest shareholder, JBF Finance SA
On 25 July 2022, JBF Finance SA (JBF) announced a public tender offer for all publicly held shares of SIX listed Bobst Group SA, the parent company of Bobst, one of the world’s leading suppliers of substrate processing, printing and converting equipment and services for the label, flexible packaging, folding carton and corrugated industries. JBF…
Reference: CapLaw-2022-41 -
GDR offerings and listings on SIX Swiss Exchange
On 28 July 2022, SIX Swiss Exchange officially launched the Swiss GDR-leg of the China-Switzerland Stock Connect with the participation of senior government representatives from China and Switzerland. In addition to the official launch celebrations, the first Chinese companies GEM, Gotion Hightech, Keda Industrial Group and Ningbo Shanshan successfully listed global depositary receipts (GDRs) on…
Reference: CapLaw-2022-42 -
Zur Rose Group completes CHF 95 m Convertible Bonds and the CHF 44 m Capital Increase
On 1 September 2022, Zur Rose Group announced the successful placement of newly issued shares raising gross proceeds of approx. CHF 44 m and CHF 95 m guaranteed senior unsecured convertible bonds. The convertible bonds were allocated to investors in a bookbuilding, subject to claw-back by existing shareholders who were granted the right to exercise…
Reference: CapLaw-2022-43 -
Initial Public Offering EPIC Suisse AG
On 25 May 2022, EPIC Suisse AG announced the pricing of its IPO and start of trading on SIX Swiss Exchange. The offer price was set at CHF 68 per share and a total of 2,686,567 shares were placed in the IPO, implying a market capitalisation of CHF 693 million (before exercise of the Over-Allotment…
Reference: CapLaw-2022-17 -
Kantonsspital Aarau AG’s Issuance of Green Bonds
On 23 May 2022, Kantonsspital Aarau AG (KSA) completed the issuance and placement of its first green bond in an amount of CHF 120 million The net proceeds are intended to be used, amongst other things, for the financing of “Dreiklang,” KSA’s new ecological construction project. The company is committed to providing sustainable acute and…
Reference: CapLaw-2022-18 -
Feintool International Holding AG’s Rights Offering
On 12 May 2022, Feintool International Holding AG announced the completion of its capital increase by way of a rights offering launched on 28 April 2022, in which Feintool shareholders were allocated subscription rights in proportion to their shareholdings in Feintool. Shares not taken up in the rights offering were subsequently sold to investors in…
Reference: CapLaw-2022-19 -
Mobimo Holding AG’s Rights Offering
On 6 May 2022, Mobimo Holding AG completed its rights offering and listing of shares on SIX Swiss Exchange arranged by UBS and ZKB. The capital increase was made by way of a rights offering launched on 21 April 2022, in which Mobimo shareholders were allocated subscription rights in proportion to their shareholdings in Mobimo….
Reference: CapLaw-2022-20