Baker McKenzie advises the von Finck family on Von Roll’s sale
As we have informed here, the von Finck family has sold its majority stake in Von Roll Holding to Altana. Elantas, a subsidiary of the specialty chemicals group Altana, has concluded a share purchase agreement with the von Finck family and tender agreements with Von Roll management, under which Elantas will acquire a total stake of 84.3% of the outstanding shares at a price of CHF 0.86 per Von Roll share.
Von Roll is one of the most traditional companies in Switzerland. Throughout the company’s history, Von Roll has had to adapt several times to changing market environments and has evolved from Switzerland’s largest steel and iron works into a high-tech industrial company that is driving the energy revolution. The transaction combines innovative strength for the expansion of electromobility and renewable energies.
Baker McKenzie Switzerland advised the von Finck family on all legal aspects of the deal. The team was led by partners Martin Furrer (pictured right, m&a) and Matthias Courvoisier (pictured left, capital markets) and consisted of Susanne Liebel-Kotz (partner, tax), Roger Thomi (partner, antitrust & competition) and Hesam Mirzai (associate, m&a).
