News, Deals & Cases

In May 2025, a consortium led by EQT, together with ADIA and Auba Investment Pte. Ltd., successfully placed 19,031,811 shares in Galderma Group AG at a price of CHF 97.75 per share via an accelerated bookbuilding process. The placement raised CHF 1.86 billion in total. Galderma participated in the placement by agreeing to repurchase 2.38…

On 23 April 2025, DeXentra GmbH, a Swiss start-up specializing in the exploration and extraction of oil and gas reserves, launched a public offering for up to USD 60 million of the OilXCoin. The OilXCoin is a debt instrument backed by DeXentra‘s oil and gas assets and inventories, issued in the form of a ledger-based…

Banque Cantonale de Genève successfully tapped the EUR-bonds market for the first time and issued bonds in the aggregate principal amount of EUR 500 million. The bonds have a coupon of 3.414% and will mature in 2030. BNP PARIBAS acted as Lead Manager while Banque Cantonale de Genève acted as Co-Manager.

The Swiss Shakti Foundation has established its SXE Digital SMART Note Issuance Program. The notes issued under the program qualify as ledger-based securities. Under the program structure, 90% of the proceeds from each tranche of notes will be allocated to investor collateral, while 10% will support the Foundation’s „Project” — a global initiative addressing school…

Muttenz-based specialty chemicals company Clariant has successfully placed two CHF-denominated bond tranches. Tranche A amounts to CHF 125 million with a three-year maturity, while Tranche B totals CHF 140 million and matures in eight years. The net proceeds from the issuance will be used for general corporate purposes.

US-based biotech multinational Thermo Fisher Scientific has successfully issued CHF 1.425 billion in bonds under Swiss law. The transaction, structured across five tranches, represents the largest Swiss franc bond issuance by a US corporate to date. The bonds have been provisionally admitted to trading, with an application for definitive admission and listing on the SIX…

Groupe Bader SA has acquired an indirect 81.47% of the shares in Zwahlen & Mayr S.A., a Swiss company listed on SIX Swiss Exchange. The transaction remains subject to customary closing conditions, with completion expected by mid-April 2025. Founded in 1881, Zwahlen & Mayr specializes in the production of welded, seamless and precision redrawn tubes…

Sunshine SwissCo GmbH, a consortium led by EQT, has completed an accelerated bookbuilding process aimed at professional investors in Switzerland and qualified investors abroad, resulting in the placement of 15 million shares in Galderma. The shares were priced at CHF 89 each, generating total gross proceeds of CHF 1,335 million. The placement does not affect…

Swiss Life has placed a EUR 500 million senior bond. The bond, carrying a 3.75% coupon and maturing in 2035, was placed with European investors. Swiss Life Holding guarantees the bond, and the proceeds will be used for general corporate purposes, including potential refinancing of existing debt. The joint lead managers were BNP Paribas, J.P….