News, Deals & Cases

On 18 December 2014, Apax and NJJ Capital SAS, Xavier Niel’s private holding company, agreed to sell Orange Communications SA, Switzerland’s third largest telecom operator, for a total transaction value of CHF 2.8 billion. The transaction is subject to customary regulatory approval and expected to complete by the end of Q1 2015.

On 10 December 2014, Zürcher Kantonalbank reached an agreement with the other 23 Swiss Cantonal Banks to acquire all their shares in Swisscanto Group (“Swisscanto”).  Swisscanto is one of Switzerland’s leading investment fund providers, asset managers and occupational and private pension service providers. It also runs the largest investment foundation for pension funds in Switzerland. The…

On 11 December 2014, Danaher Corporation, a US-based leading global science and technology innovator successfully completed its public tender offer for all shares in  SIX Swiss Exchange Ltd. listed Nobel Biocare Holding AG, a Swiss-based leader in the field of innovative implant-based dental restorations. The tender offer had been launched on 15 September 2014 at…

In February 2015, Luzerner Kantonalbank AG launched its issue of CHF 100,000,000 2.25% subordinated perpetual Bonds which constitute Additional Tier 1 Capital of Luzerner Kantonalbank AG. Zürcher Kantonalbank and Luzerner Kantonalbank AG acted as Joint-lead Managers. The Bonds will be listed on the SIX Swiss Exchange Ltd.

In February 2015, Zürcher Kantonalbank launched its issue of CHF 185,000,000 1.00 % subordinated Bonds due 2025 which constitute Tier 2 Capital of Zürcher Kantonalbank. The Bonds were placed directly by Zürcher Kantonalbank. The Bonds will be listed on the SIX Swiss Exchange Ltd.  

On 23 April 2014, SFS Group AG, a global precision engineering group, launched its initial public offering (IPO). The fi nal offer price was set on 6 May 2014 at CHF 64 per share. Following the completion of the IPO, SFS Group AG had a market capitalization of CHF 2.4 billion, making this the largest…

On 6 May 2014, HIAG Immobilien launched its IPO on SIX Swiss Exchange, and the fi nal offer price was fi xed on 15 May 2014 at CHF 76 per share. Following the completion of the IPO, HIAG Immobilien had a market capitalization of CHF 608 million, making it the largest IPO on SIX Swiss…

On 3 June 2014, NYSE listed Pentair Ltd. announced the completion of its cross-border merger into Pentair PLC and the associated change of its place of incorporation from Switzerland to Ireland and the change of legal form from a Swiss stock corporation to an Irish public limited company.

On 20 May 2014, Swiss bank Credit Suisse AG announced a comprehensive and final settlement regarding all outstanding U.S. crossborder matters. This final settlement included the entry of a guilty plea by Credit Suisse AG in connection with the former Swiss based crossborder banking business to one count of conspiracy to assist U.S. customers in…