Inmarsat selects SWISSto12’s HummingSat for I-8 Satellites to power L-band network
Niederer Kraft Frey advised SWISSto12 in its landmark deal with Inmarsat to build its new generation of spacecraft.
Ecorobotix SA completes Series B Prime financing
Niederer Kraft Frey advised Ecorobotix SA as Swiss counsel on its CHF 46 million Series B Prime financing round led by AQTON Private Equity GmbH and Cibus Capital LLP. Additional investments came from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, as well as existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX …
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NewBiologix raises USD 50m in series A financing
Niederer Kraft Frey advised NewBiologix on its launch and its USD 50 million series A financing.
Swiss Finance & Property AG arranges CHF 135m rights offering of Orascom Development Holding AG
Niederer Kraft Frey advised Swiss Finance & Property AG as sole lead manager and Helvetische Bank as settlement agent in Orascom’s successful capital increase by way of a rights offering launched on 14 April 2023. The transaction consisted of an offering of subscription rights and a backstop commitment by the majority shareholder for shares for …
Stadtcasino Baden AG acquires the remaining 19% minority stake in Casinò Locarno SA and becomes sole shareholder
Niederer Kraft Frey advised the Stadtcasino Baden group on its acquisition of the remaining 19% minority stake in Casinò Locarno. With this acquisition, the Stadtcasino Baden group owns all shares of Casinò Locarno and further strengthens its position in the Italian speaking part of Switzerland.
VectivBio has its IPO on Nasdaq
Niederer Kraft Frey advised the banking syndicate, led by BofA Securities, SVB Leerink and Credit Suisse, in connection with the initial public offering of VectivBio Holding AG and the listing of its shares on Nasdaq. Through its IPO, which priced on 8 April 2021 at USD 17 per share, VectivBio raised gross proceeds of USD …
Securitisation of auto lease assets originated by AMAG Leasing AG
Niederer Kraft Frey advised Credit Suisse as Arranger and Joint Lead Manager and Zürcher Kantonalbank as Joint Lead Manager in connection with the auto lease securitisation and issuance by Swiss Car ABS 2021-1 AG of CHF 200,000,000 0.50 per cent. asset-backed notes due 2031. The notes, which are backed by a portfolio of Swiss auto …
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Crédit Agricole next bank (Suisse) SA issues CHF 200m Covered Bonds under its innovative Covered Bond Programme
On 9 April 2021, Crédit Agricole next bank (Suisse) SA successfully completed its second issuance under its Swiss Covered Bond Programme, issuing CHF 200 million Series 2021-1 0.125 per cent. Fixed-Rate Covered Bonds due April 2031 (with extended maturity date April 2032). The Covered Bonds are listed on the SIX Swiss Exchange and rated “AAA” …
PolyPeptide Group AG successfully opens Swiss IPO Season 2021 with an up to CHF 848m offering
PolyPeptide Group AG, advised by Niederer Kraft Frey as lead counsel, today commenced trading on SIX Swiss Exchange. This represents the first traditional IPO in Switzerland since late 2019. The IPO was multiple times oversubscribed given strong demand from investors across Switzerland and internationally.
BC Capital AG (Bluecode) closes EUR 20m financing round
Niederer Kraft Frey advised BC Capital AG, a Fintech company with registered offices in Lachen, in connection with its latest financing round. The EUR 20 million financing round, which included existing as well as new investors, was led by the family office of the Hopp family.