Valora has signed an agreement to acquire

BackWerk from Swedish financial investor EQT. BackWerk is a German-based food

service company with over 340 locations mainly in Germany, Austria and the

Netherlands. Completion is subject to merger control approval.

Bär & Karrer acts as Swiss legal advisor

to Valora in this transaction. The team of Bär & Karrer includes Christoph

Neeracher, Luca Jagmetti, Raphael Annasohn, Raphael Egger and Sarah Nyfeler

(all M&A) as well as Laura Widmer and Sabrina Schalcher (both employment).

Gleiss Lutz acts as German legal advisor to Valora in this transaction.