News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Placements of SoftwareONE shares
On 15 May 2020, the selling shareholders KKR, Raiffeisen Informatik, the heirs of Patrick Winter and B. Curti Holding AG conducted a sale of 17.5 million shares in SoftwareONE Holding AG, a leading provider of end-to-end software and cloud technology solutions headquartered in Switzerland and listed on the SIX Swiss Exchange. The sale was effected…
Reference: CapLaw-2020-28 -
Implenia AG Completes the Spin-off of Ina Invest Holding AG
On 12 June 2020, Implenia AG completed the spin-off of Ina Invest Holding AG and the shares of Ina Invest Holding were, after a concurrent capital increase, listed on the SIX Swiss Exchange. Ina Invest AG is a Swiss real estate company whose entire portfolio shall be developed and realized according to the highest sustainability…
Reference: CapLaw-2020-29 -
Credit Suisse (Schweiz) AG Receives Approval for the First-Ever Prospectus Complying with the New Swiss Prospectus Regime
On 18 June 2020, SIX Exchange Regulation, in its capacity as a new review body under the Financial Services Act (FinSA), licensed since 1 June 2020 (as is the second Swiss review body, RegServices of BX Swiss), approved the first fully FinSA-compliant base prospectus of Credit Suisse (Schweiz) AG. Credit Suisse’s Swiss Covered Bond issuance…
Reference: CapLaw-2020-30 -
SIG Combibloc Group Completes its EUR 1.85 Billion Refinancing
On 22 June 2020, SIG Combibloc PurchaseCo S.à r.l., a subsidiary of SIG Combibloc Group, has issued EUR 450 million Senior Unsecured 1.875% Notes due 2023, as well as and EUR 550 million Senior Unsecured Notes 2.125% due 2025. Certain subsidiaries of SIG Combibloc Group have also entered into new sustainability-linked EUR 850 million loan…
Reference: CapLaw-2020-31 -
Saint-Gobain Sells Stake in Sika
In May 2020, Saint-Gobain’s subsidiary Schenker-Winkler Holding AG sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process.
Reference: CapLaw-2020-32 -
Placement of Helvetia Group AG Shares
On 17 June 2020, Helvetia Group AG, a leading international insurance group, successfully placed 3.3 million new shares at a price of CHF 91.00 per share in a private placement by way of an accelerated bookbuilding process, resulting in gross proceeds of approximately CHF 300 million. The net proceeds from the share placement will be…
Reference: CapLaw-2020-33 -
RSBG SE successfully places shares of Stadler Rail AG
On 26 May 2020, RSBG SE, the industrial investment company of RAG-Stiftung, suc-cessfully placed 5.5 million shares of Stadler Rail by way of an accelerated bookbuilding process, representing approximately 5.5 per cent. of the total number of Stadler Rail shares outstanding. The shares were placed at CHF 38.10 per share, resulting in gross proceeds of…
Reference: CapLaw-2020-34 -
Placement of Idorsia Ltd. Shares
On 20 May 2020, Idorsia Ltd, a Swiss biopharmaceutical company, successfully completed a private placement with institutional investors of 11 million new registered shares, corresponding to 8.4% of its currently issued share capital, by way of an accelerated bookbuilding process. The shares were placed at CHF 30.00 per share, resulting in gross proceeds of CHF…
Reference: CapLaw-2020-35 -
IPO of V-ZUG Holding AG
On 25 June 2020, V-ZUG Holding AG (ticker symbol: VZUG) listed its shares on the SIX Swiss Exchange. The opening price was CHF 72.00 per share, resulting in a market capitalization of CHF 463 million. The newly established V-ZUG Holding AG was spun off from Metall Zug AG, which can look back on a company…
Reference: CapLaw-2020-36