News and developments
Bär & Karrer Advised Orior on the Placement of Shares by Way of an Accelerated Bookbuilding
Orior AG successfully placed 592,499 new shares by way of an
accelerated bookbuilding in a private placement with institutional investors. The
placed shares are sourced from the company's existing authorized share capital and
the pre-emptive rights of the existing shareholders have been excluded.
The gross proceeds from the placement amount to CHF 44.7 million.
The net proceeds from the capital increase will be used to finance the
contemplated acquisition of Thurella AG. The offer price was set at CHF 75.50
per share. Credit Suisse AG acted as Sole Bookrunner in this transaction.
Bär & Karrer acted as transaction counsel. The team included
Thomas Reutter, Sandro Fehlmann and Jean-François Mayoraz (all Capital Markets
and Corporate).