Bär & Karrer advises Altana on the acquisition and PTO of Von Roll

ELANTAS, a subsidiary of the specialty German chemicals group ALTANA, entered into a share purchase agreement with the von Finck family and tender agreements with the von Roll management pursuant to which ELANTAS will acquire a total interest of 84.2% of the outstanding shares in Von Roll Holding, Breitenbach, Switzerland.

At the same time, ELANTAS announced a public tender offer for all publicly held shares of Von Roll at the price of CHF 0.86 per share, resulting in a total transaction volume of approximately CHF 301.3 million. The board of directors of Von Roll recommends its shareholders to accept ELANTAS’ public tender offer.

Bär & Karrer acts as lead legal advisor of ALTANA in this transaction. The team was co-led by partners Urs Kägi (pictured left) and Dieter Dubs (pictured right) and included Matthias Tanner, Linus Zweifel, Fabienne Perlini-Frehner, Dominic Leu and Fabian Schlegel (all corporate/m&a), Susanne Schreiber, Elena Kumashova and Christina Rüdisühli (all tax), Ruth Bloch-Riemer and Marco Weiss (both social security), Laura Widmer and Luljeta Morina (both employment), Markus Schott and Raphael Wyss (both regulatory), Jonas Bornhauser and Dario Haux (both IP/IT), Micha Schilling (finance) as well as Rocco Rigozzi (real estate).