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Thursday - 2020/08/06
HomeCapital MarketsBaker McKenzie advised Zur Rose Group on the accelerated bookbuilding and capital increase

Baker McKenzie advised Zur Rose Group on the accelerated bookbuilding and capital increase

Baker McKenzie advised Zur Rose Group on the accelerated bookbuilding and capital increase

Zur Rose Group completed a capital increase from authorized capital and set the placement price of CHF 287 per new share. A total of 740,823 new shares were sold in an accelerated bookbuilding to institutional investors. Accordingly, Zur Rose raised gross proceeds of CHF 213 million. Jefferies and Bank of America acted as joint global coordinators and joint bookrunners.

Zur Rose Group intends to use the gross proceeds from the capital increase to fund an accelerated roll out of its e-prescription solutions (eRx) and European growth initiatives to broaden its customer base through organic expansion as well as potential acquisitions, to invest in platform and ecosystem partnerships and  to fund the acquisition of TeleClinic, as well as for general corporate purposes.

The team 

Baker McKenzie advised Zur Rose Group on all legal aspects of the accelerated bookbuilding and capital increase. The team consisted of partner Matthias Courvoisier, senior associate Yves Mauchle and trainee Jan Lusti as well as U.S.-qualified lawyers partner Adam Farlow and of counsel Charles Farnsworth.

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