News, Deals & Cases

SIX-listed Kaba Holding AG (Kaba) and family-owned Dorma Group (Germany) plan to merge and become the dorma+kaba group. A corresponding transaction agreement was signed on 29 April 2015 and was fully supported by the family shareholders of both companies. Upon completion of the merger, Kaba will contribute its operational business into Dorma Holding GmbH +…

Swiss Prime Site AG’s recent rights offering generated gross proceeds of approximately CHF 424 million and closed on 1 June 2015. Existing shareholders were offered up to 5,970,129 new shares with a nominal value of CHF 15.30 each at a subscription price of CHF 71.00 per new registered share. At the end of the rights…

On February 19, 2015, UBS Group AG, the new top holding company of UBS group, completed the inaugural issuance of USD 1.25 billion 7.125% Additional Tier 1 write down notes, USD 1.25 billion 7.00% Additional Tier 1 write-down notes and EUR 1.00 billion 5.75% Additional Tier 1 write-down notes.

In March 2015, Mondelez International, Inc. announced the issuance of CHF 675,000,000 FATCA-compliant Bonds. Credit Suisse AG acted as joint-lead manager together with UBS AG. The bonds will be listed on the SIX Swiss Exchange.

On March 20, 2015, Holcim Ltd (SIX: HOLN) and Lafarge SA (Euronext: LG) announced that they had agreed to amend the terms of the merger of equals originally announced in April 2014. The revised terms were approved by both respective Board of Directors and supported by the core shareholders of both companies. The transaction will…

On March 23, 2015, Credit Suisse launched its inaugural issuance of “Bail-inable Bonds”, a class of newly designed senior debt instruments. The USD 1.5 billion 2.750% Senior Notes due 2020 and USD 2.5 billion 3.750% Senior Notes due 2025 (together, the “Notes”) have been issued by Credit Suisse Group Funding (Guernsey) Limited on March 26,…

On March 27, 2015, The Royal Bank of Scotland Group plc (RBS) announced it has reached an agreement to sell its internationally managed Private Banking and Wealth Management business, branded as Coutts, to Union Bancaire Privée UBP SA (UBP). The sale includes relationships managed from Switzerland, Monaco, UAE, Qatar, Singapore and Hong Kong. As at…

On March 30, 2015, Dufry announced that it has entered into a binding agreement with Edizione S.r.l. to acquire its 50.1% stake in World Duty Free S.p.A (“WDF”) for EUR 10.25 per share in cash, valuing the entire fully diluted share capital of WDF at EUR 2.6 billion (CHF 2.7 billion) and implying an enterprise…

On 6 February 2015, the shares of Sunrise Communications SA, Switzerland’s second largest telecom’s operator, started trading on SIX Swiss Exchange Ltd. The total base offering comprised both newly issued shares and existing shares and amounted to CHF 1.99 billion, making this the largest IPO in Switzerland since 2006 and the largest telecom IPO in…