Niederer Kraft Frey advised Leonteq on its acquisition of a 10 per cent stake in the Swiss stock exchange BX Swiss.

Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 13 countries across Europe, Middle East and Asia. Leonteq AG is listed on the SIX Swiss Exchange.

BX Swiss AG is an established stock exchange based in Zurich whose origins date back to 1884. It is part of the Boerse Stuttgart Group and is subject to the Financial Market Infrastructure Act and supervision by the Swiss Financial Market Supervisory Authority FINMA. It offers active investors access to financial products such as equities from over 30 markets in Swiss francs, AMCs, ETFs, ETPs on various cryptocurrencies, bonds, investment funds and structured products.

With the acquisition Leonteq becomes a shareholder of BX Swiss and expands its ecosystem with an important player in the Swiss financial market. BX Swiss will benefit from Leonteq’s ecosystem for investment solutions, which facilitates connectivity and collaboration with local and global players in the Swiss financial services sector. In return, Leonteq will gain access to the ecosystem of Boerse Stuttgart Group, the sixth largest exchange group in Europe, and will be able to participate directly in the growth of BX Swiss.

The NKF team was led by Corporate/M&A partner Moritz Maurer, working with partner Philipp Candreia, associate Alexander Göbel (both Corporate/M&A) and senior associate Simon Bühler (Banking & Finance).