News, Deals & Cases

Baloise Life Ltd (Baloise) and real-estate company Pax Anlage AG, both listed on SIX Swiss Exchange, have entered into a transaction agreement pursuant to which Baloise will launch a public tender offer for approximately 30 per cent of shares in free float, subject to customary conditions. The pre-announcement of the offer was published on 6…

On 24 January 2017, AEVIS VICTORIA SA (AEVIS) published the pre-announcement of the public takeover offer on all publicly held registered shares of LifeWatch Ltd. (LifeWatch). LifeWatch shareholders can opt for an exchange offer or a cash alternative. For each registered share of LifeWatch, it is foreseen that AEVIS will offer 0.1818 registered share of…

Galenica announced on 19 January 2017 that in the course of the preparations for the division of the Galenica Group announced in 2016, it has put a focus on the flotation of Galenica Santé by means of an initial public offering (IPO). Galenica anticipates that the division will be completed by no later the end of…

In June 2016, Swiss Prime Site AG has successfully placed CHF 250 Million 0.25% convertible bonds due 2023. The bonds were issued at 100% of their principal amount and will mature on 16 June 2023 at 100% of their principal amount unless previously redeemed, converted or repurchased and cancelled.

In a decision designed to harmonize and simplify its capital structure, as of 29 April 2016 Repower AG delisted its equity securities from the SIX Swiss Exchange, and subsequently converted its former bearer shares and participation certificates into standard registered shares. On 30 May 2016, Repower announced its intension to increase the company’s capital with…

In connection with the strategic partnership entered into by SIX Swiss Exchange listed Airopack Technology Group AG (ATG) with funds managed by affiliates of Apollo General Management, LLC, ATG on 7 July 2016 successfully completed its capital increase regarding the equity investment from the Apollo Funds with net proceeds in the amount of approximately CHF 43.5 million….

On 24 August 2016, Mortgage Repurchase Agreement Financing Trust, a Delaware statutory trust issued USD 400 m Series 2016-1 Notes and 400 m Series 2016-2 notes which are backed by a revolving pool of mortgage loans purchased by the Issuer under a repurchase agreement from Credit Suisse AG, Cayman Branch.

On 10 August 2016, UBS Group AG completed its issuance of USD 1.1 billion 7.125% Tier 1 Capital Notes.

Emissions- und Finanz AG (EFIAG) is an issuance platform which is owned by 14 Swiss banks and the purpose of which is exclusively to issue bonds and grant loans to the participating banks from the proceeds of the bonds. This enables small and midsized banks to finance themselves indirectly in the capital market by means…