Bär & Karrer advises Mobiliar on SMG stake sale
Bär & Karrer advised Schweizerische Mobiliar Holding (Mobiliar) in connection with the sale of 7.5% of the share capital in SMG Swiss Marketplace Group AG (SMG) through an accelerated bookbuilding process. The transaction reduced Mobiliar’s stake in SMG from 19.3% to 11.8%.
Deal details
As part of the accelerated bookbuilding, TX Group AG placed an order to acquire approximately 3.4 million shares in SMG, which was allocated in full. SMG itself participated in the process by repurchasing approximately 1 million of its own shares, while the remaining shares were placed with institutional investors. Goldman Sachs, J.P. Morgan and UBS acted as joint global coordinators and joint bookrunners for the transaction.
Legal advisors
The Bär & Karrer team included Urs Kägi, Marie-Cristine Kaptan, Matthias Tanner, Marlene Lienau Schindler and Julia Büchler, all from the firm’s capital markets & listed companies practice, together with Peter Hsu from the regulatory practice and Susanne Schreiber and Fabian Capt from the tax practice.
