News, Deals & Cases

On 24 September 2015, UBS launched its inaugural issuance of “Bail-inable Bonds”, a class of newly designed senior debt instruments. The USD 1.5 bn 2.95% Senior Notes due 2020, the USD 2.5 bn 4.125% Senior Notes due 2025 and the USD 300 mio Floating Rate Senior Notes have been issued by UBS Group Funding (Jersey)…

On 21 October 2015, Credit Suisse Group AG (SIX: CSGN) announced that it plans to issue new shares in a total amount of CHF 6 bn (EUR 5.55 bn). A first tranche of this capital increase shall result in the issuance of registered shares to certain qualified investors. The second tranche shall be executed by…

In November 2015, Julius Baer Group Ltd. successfully placed SGD 450,000,000 perpetual tier 1 subordinated bonds in the Asian markets. The bonds are listed at the Singapore Exchange.

On 15 September 2015, Assicurazioni Generali S.p.A. announced that it completed the divestiture of its participation in BSI SA to Banco BTG Pactual SA. In line with the agreement executed on 14 July 2014, the final consideration for the sale is CHF 1,248 million, of which approx. CHF 1 billion in cash and the remaining…

The two media groups Axel Springer and Ringier are founding a new joint venture company in which each will hold an equal stake. A letter of intent for this purpose had already been signed in December 2014. Axel Springer Switzerland will contribute to the new joint venture company the entire Swiss business of Axel Springer…

Kuoni Group (SIX: KUNN) announced on 14 September 2015 that it completed the sale of its European tour operating businesses to REWE-ZENTRALFINANZ eG. The sale included Kuoni’s tour operators, specialists and travel agencies in Switzerland, United Kingdom, Scandinavia/Finland and Benelux. The completion of the sale of the remaining tour operating businesses in India and Hong…

KKR, a leading global private equity investment firm, has agreed to acquire 25% of the shares in SoftwareONE Holding AG, a leading global provider of software portfolio management solutions with more than 25,000 customers in 115 countries. The four founding partners together with the management team will retain a 75% stake in the company. The…

Evolva Holdings SA’s recent rights offering closed on 17 September 2015 and generated gross proceeds of approximately CHF 57.4 million. Existing shareholders were offered 62,412,477 new shares with a nominal value of CHF 0.20 each at a subscription price of CHF 0.92 per new registered share. The offering was fully underwritten by Credit Suisse AG…

On 26 August 2015, Monsanto announced that it would no longer pursue its proposal to acquire Syngenta. Monsanto had approached Syngenta in April of this year with an unsolicited proposal and again in August with a revised proposal. Both proposals were rejected by the board of directors of Syngenta.