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Press Releases

Shareholders of BAC Pool Systems sell 100% of BAC’s share capital to Fluidra

Niederer Kraft Frey advised the shareholders of BAC pool systems on the sale of 100 percent of BAC’s share capital to Fluidra. BAC pool systems is a recognised manufacturer and distributor of automatic, manual and safety covers for both residential and commercial pools with operations in Germany and Switzerland. Fluidra is a global leader in equipment and connected solutions in the pool and wellness sector that is listed at the Madrid stock exchange. The NKF team was led by Corporate/M&A partner Manuel Werder, working with junior associate Niklaus Hatz (Corporate/M&A).
17 January 2025
Press Releases

Shenzhen Senior Technology Material Co., Ltd. completes GDR offering and SIX Swiss Exchange listing

Niederer Kraft Frey advised Shenzhen Senior Technology Material Co., Ltd. on its offering of global depositary receipts (GDRs) and SIX Swiss Exchange listing under the China-Switzerland Stock Connect. Shenzhen Senior Technology Material, whose A Shares are listed on Shenzhen Stock Exchange, sold 12,684,800 GDRs representing five A-Shares each at an offer price of USD 9.46, raising gross proceeds of approximately USD 120.0 million from the offering. Trading in the GDRs on SIX Swiss Exchange commenced on 18 December 2023. Shenzhen Senior Technology Material is a lithium-ion battery separator manufacturer with 20 years of experience in research and development, production, and sales of lithium-ion battery separators. Shenzhen Senior Technology Material expects to use the net proceeds from the transaction to support its overseas expansion and for working capital and general corporate purposes. Huatai Financial Holdings (Hong Kong) Limited acted as sole global coordinator and joint bookrunner for the offering, while CLSA Limited, CMB International Capital Limited and China Securities (International) Corporate Finance Limited acted as joint bookrunners. The NKF team advising on the transaction was co-led by Capital Markets partners Philippe Weber and Daniel Bono, working with associates Thiago Claro and Manuel Hirlinger (both Capital Markets).  
22 March 2024
Press Releases

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 which subscription rights were not exercised. Orascom has issued 19,228,617 registered shares with a par value of CHF 5.00 each, leading to gross proceeds in an amount of approximately CHF 135 million. The cash proceeds from the offering will be used to finance current development projects in Oman, Montenegro and the United Kingdom and for general corporate purposes. The newly issued registered shares are listed and traded on SIX Swiss Exchange.
09 May 2023
Press Releases

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 146.6 million (including greenshoe). At market close on the first day of trading, VectivBio had a market capitalisation of USD 824 million.
27 May 2021
Press Releases

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 lease assets originated by AMAG Leasing AG, have been assigned a “AAAsf” / “AAA(sf)” rating by Fitch / S&P and are listed on SIX Swiss Exchange. The transaction closed on 19 April 2021 and constitutes the sixth auto lease securitisation of AMAG Leasing AG following its debut transaction in 2015.
27 May 2021
Press Releases

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” by Fitch. In respect of the issuance, Credit Suisse AG and Crédit Agricole CIB acted as Joint Lead Managers.
27 May 2021
Press Releases

David Degen acquires majority of shares in FC Basel Holding AG from Bernhard Burgener

Niederer Kraft Frey advised former Swiss national football player and entrepreneur David Degen on the acquisition of a majority of the shares in FC Basel Holding AG from Bernhard Burgener. FC Basel Holding AG owns 75 percent of FC Basel (FC Basel 1893 AG), 25 percent belongs to the association FC Basel 1893. FC Basel is a Swiss football club rich in tradition, which in its history has been Swiss Champion 20 times and Swiss Cup Winner 13 times.
27 May 2021
Niederer Kraft Frey AG