Bär & Karrer on Meyer Burger Technology’s Rights Offering
On 29 July 2020, Meyer Burger Technology AG completed a capital increase comprising a rights offering to its shareholders and a private placement to selected investors, resulting in gross proceeds of approximately CHF 165 million. Meyer Burger intends to use the proceeds to finance the strategic transformation from a supplier of photovoltaic production equipment to a manufacturer of solar photovoltaic cells and modules and the related ramp-up of production capacities. Credit Suisse acted as Global Coordinator and Joint Bookrunner and Zürcher Kantonalbank acted as Joint Bookrunner in connection with the rights offering.
Bär & Karrer acted as legal advisor to the Joint Bookrunners in this transaction. The team included Thomas U. Reutter, Alexander von Jeinsen, Annette Weber, Anna Capaul, Rebecca Schori, Audrey Benzow, Stefanie Walch, Fabian Wild and Marvin Kanku (all Capital Markets) as well as Susanne Schreiber and Kerim Tbaishat (both Tax).