The advisors on Sunshine SwissCo’s shares placement

Sunshine SwissCo GmbH – a consortium led by EQT – announced the completion of an accelerated bookbuilding process directed at to professional investors in Switzerland and to qualified investors outside Switzerlan, leading to a 15,000,000 shares placement in Galderman Group.  

In connection with the deal, Homburger advised EQT, while Niederer Kraft Frey (NKF) represented the broader syndacate involved in the operation. Bank of America, BNP Paribas, Goldman Sachs, Morgan Stanley and UBS formed the syndicate in question.

The placement

The issuer, Sunshine SwissCo GmbH, is a consortium led by EQT, with the Abu Dhabi Investment Authority (ADIA) and Auba Investment. With each share us priced at CHF 89.00, the placement raised CHF 1,335 million in total.

Pursuant to the placement, EQT’s representation on the Board of Directors of Galderma remains untouched.

Moreover, the selling part agreed to a 90-day lock-up period, subject to certain customary exceptions, with respect to their remaining holding in Galderma.

The NKF team

Capital markets partner Deirdre Ni Annrachain (pictured above) led the NKF team on the matter, working alongside associate Benedikt Hadorn (capital markets).

The Homburger team

Frank Gerhard (corporate / M&A, capital Markets, pictured) led the Homburger team, working with Margrit Marti, Estelle Piccard, Héloïse de Jamblinne and Lucas Forrer (all corporate / M&A, capital markets), Micha Fankhauser (financial market regulation) as well as Stefan Oesterhelt (tax).