Homburger advises GAM on the expected public exchange offer from Liontrust for all shares in GAM
On May 4, 2023, GAM Holding AG (GAM) announced that it had entered into an agreement with Liontrust Asset Management plc (Liontrust) relating to the launch by Liontrust of a public exchange offer for all publicly held shares in GAM.
Homburger advised Raiffeisen Schweiz Genossenschaft on the Issuance of its EUR 500 m 4.840 per cent. Bail-in Bonds due 2028
On May 3, 2023, Raiffeisen Schweiz Genossenschaft, a Swiss systemically relevant bank, successfully completed its issuance of EUR 500 m of 4.840 per cent.
Homburger advises Scaled Agile on its acquisition of Rentouch
On April 20, 2023, Scaled Agile Inc., a portfolio company of Eurazeo SE (Euronext Paris: RF), one of Europe’s leading private equity firms, announced its acquisition of Rentouch, a Swiss-based company specializing in software for visualizing agile planning events across multiple agile teams with SAFe®. This acquisition aims to accelerate Scaled Agile’s goal to redefine …
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Homburger advised Valaris Limited on the private placement of USD 700 m senior secured notes and an up to USD 375 m credit agreement
On April 19, 2023, Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company LLC, closed the private placement of USD 700 m 8.375% senior secured second lien notes due 2030 and a senior secured first lien five-year credit agreement providing for commitments of up to USD 375 m. Valaris Limited is the industry leader in …
Homburger advises AEQUITA on its acquisition of Saint-Gobain’s Swiss Glassolutions Business
AEQUITA entered into an agreement to acquire the Swiss Glassolutions business from Saint-Gobain. The acquisition that is expected to close in May 2023 will further strengthen AEQUITA’s specialty glass division vandaglas.
Homburger advised Zürcher Kantonalbank et al. in connection with Comet Holding AG’s new CHF 60 m multicurrency revolving credit facility
Homburger acted as counsel to Zürcher Kantonalbank in its capacity as mandated lead arranger in connection with Comet Holding AG’s new CHF 60 m multicurrency revolving credit facility. Comet is a globally leading Swiss technology company in the plasma control and x-ray space. Comet employs over 1,700 people worldwide.
Homburger advised Addex Therapeutics Ltd on new PIPE transaction
On April 5, 2023, allosteric modulation company Addex Therapeutics Ltd in Plan-les-Ouates, Geneva (SIX: ADXN) announced that it has completed an equity financing transaction with a healthcare-focused institutional investor, pursuant to which Addex agreed to sell 7,999,998 shares in the form of 1,333,333 American Depositary Shares («ADSs») at a gross purchase price of USD 0.95 …
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Homburger advises Zürcher Kantonalbank on the issuance of its inaugural CHF 425 m Bail-in Bonds
On April 5, 2023, Zürcher Kantonalbank priced its inaugural CHF 425 m Bail-in Bond issuance. ZKB’s Bail-in Bonds are novel instruments which have been designed and issued on the basis of a new legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (TLAC) Bonds. In the event that FINMA orders the partial or complete reduction of …
Homburger advised Implenia on the acquisition of Wincasa
On March 30, 2023, Implenia AG (SIX: IMPN), Switzerland’s leading real estate and construction service provider, announced that it had agreed to purchase Wincasa AG for CHF 171.6 m from Swiss Prime Site AG (SIX: SPSN). Wincasa is the leading Swiss real estate service provider with more than 250,000 managed properties, CHF 81 bn in …
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Homburger advises Clear Channel on the successful closing of the sale of its Swiss business to TX Group
On March 31, 2023, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), a global out-of-home advertising company, announced that it has completed the sale of its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 m.