News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Xlife Sciences First Listing on SIX Swiss Sparks
(SME) SegmentOn 14 February 2022, Xlife Sciences successfully listed its shares on the standard “Sparks” of SIX Swiss Exchange — making it the very first listing on the new and regulated SME segment of SIX Swiss Exchange. Xlife Sciences focuses on the value development and commercialization of promising early-stage research projects from universities and other research institutions in…
Reference: CapLaw-2022-06
(SME) Segment -
Liechtensteinische Landesbank Intends to Fully Acquire its 75% Subsidiary Bank Linth LLB
On 27 January 2022, Liechtensteinische Landesbank AG (LLB) has published the pre-announcement for a public takeover offer to acquire the approximately 25% of Bank Linth held by the public. LLB offers the shareholders of Bank Linth the free choice between a partial ex-change offer with a cash component or a full cash settlement. The State…
Reference: CapLaw-2022-07 -
IPO of Allwyn Entertainment on NYSE by way of De-SPAC
On 22 January 2022, Allwyn Entertainment Ltd, a leading multinational lottery operator operating lotteries in Austria, the Czech Republic, Greece, Cyprus and Italy, announced that it intends to become a publicly-listed company on the NYSE in partnership with Cohn Robbins Holdings Corp. (NYSE: CRHC.U, a special purpose acquisition company (SPAC)), resulting in an expected total…
Reference: CapLaw-2022-08 -
Axpo Sustaiability Linked Bonds Issuance
On 25 January 2022, Axpo Holding AG announced the successful placement of the first sustainability-linked bond placed by a Swiss utility provider. Tranche A in the amount of CHF 200 million is due in 2025 and provides for an interest rate of 0.25 per cent. Tranche B in the amount of CHF 300 million is…
Reference: CapLaw-2022-09 -
UBS Group Notes Issuances
Between 11 and 13 January 2022, UBS Group AG successfully completed the issuance of USD 1.5 bn in aggregate principal amount of Fixed Rate/Fixed Rate Senior Notes due February 2033 and USD 1.5 bn in aggregate principal amount of Fixed Rate/Fixed Rate Senior Notes due February 2043 under its Senior Debt Programme as well as…
Reference: CapLaw-2022-10 -
BKB Bonds Issuance
On 11 January 2022, Berner Kantonalbank AG announced the successful placement of CHF 200 m 0.85 per cent. Tier 2 bonds. Zürcher Kantonalbank acted as Structuring Advisor and Lead Manager and Berner Kantonalbank AG acted as Co-Manager. The bonds were listed on the SIX Swiss Exchange.
Reference: CapLaw-2022-11 -
SFS acquires Hoffmann SE
On 22 December 2021, SIX listed SFS Group has announced the entry into an agreement to join forces with and acquire 100 per cent of Hoffmann SE. The current owners of Hoffmann SE agreed to contribute 100% of the shares of Hoffmann SE to the SFS Group. Hoffmann SE is a leading international systems partner…
Reference: CapLaw-2022-12 -
UBP Bonds Issuance
On 15 December 2021, Union Bancaire Privée UBP SA (UBP) made its first issuance of bonds listed on the SIX Swiss Exchange, in an aggregate amount of CHF 335 million, maturity 2026.cap
Reference: CapLaw-2022-13 -
Liechtensteinische Landesbank Intends to Fully Acquire its 75% Subsidiary Bank Linth LLB
Liechtensteinische Landesbank AG (LLB) intends to increase the shareholding in its subsidiary Bank Linth LLB AG (Bank Linth) to 100%. For this purpose, LLB has published on 27 January 2022 the pre-announcement for a public takeover offer to acquire the approximately 25% of Bank Linth held by the public. LLB offers the shareholders of Bank…