News, Deals & Cases

On 22 May 2017, Clariant AG and Huntsman Corporation announced that the companies have entered into a definitive agreement to combine in an all-stock cross-border “merger of equals”. The combination of both companies will create a leading global specialty chemicals company with a combined enterprise value of approximately USD 20 bn. The transaction shall be…

On 2 June 2017, Fibi Bank (Switzerland) Ltd (Fibi), a subsidiary of The First International Bank of Israel Ltd, and CBH Compagnie Bancaire Helvétique SA (CBH) completed the sale and transfer of Fibi’s banking relationships and clients’ assets to CBH.

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 m 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…

On 16 June 2017, Idorsia Ltd (SIX: IDIA) announced its debut as an independent company newly listed on SIX Swiss Exchange. Following the transfer of Actelion’s drug discovery and early stage clinical pipeline business to Idorsia, registered Idorsia shares held by Actelion have been distributed to Actelion shareholders by way of a dividend in kind….

Credit Suisse launched a new mortgage fund “Swiss Mortgage Fund I” (the Fund) which is authorised by the Swiss Financial Market Supervisory Authority FINMA and managed by independent asset manager Tavis Capital AG. Credit Suisse (Schweiz) AG will periodically offer mortgage loans which match a set of pre-defined criteria to the Fund. Tavis then selects…

Groupe PSA (PSA) and General Motors Co. (GM) announced an agreement under which PSA will acquire GM’s Opel and Vauxhall businesses in a transaction valuing at EUR 1.3 bn. Furthermore, PSA together with BNP Paribas will acquire GM Financial’s European operations valuing these activities at EUR 900m through a newly formed 50%/50% joint venture. Upon…

Unigestion and Akina have announced their decision to merge their private equity businesses to create a leading specialist in global small and mid-market private equity. With USD 6 billion in assets under management and 54 dedicated professionals located in Geneva, Zurich, London, New York and Singapore, the combined business will trade under the Unigestion name….

On 7 December 2016, Swiss Prime Investment Foundation successfully completed an offering of claims of the investment group “SPA Immobilien Schweiz” with a volume of CHF 470 million. The total equity capital of the investment group is now above CHF 1 billion.

In December 2016, Crédit Agricole Financements (Suisse) SA issued one of the first securitizations of mortgage-backed loans in Switzerland in recent years. The mortgage-backed securities were issued by a special purpose vehicle in Switzerland and placed with Swiss institutional investors. These senior debt tranches have been rated AAA by two international rating agencies.