BigPoint sells interest in Swiss Steel to PCS Holding – The Advisors
BigPoint Holding, controlled by entrepreneur Martin Haefner, has entered into a definitive agreement with PCS Holding, controlled by entrepreneur Peter Spuhler, regarding the sale of 306,000,000 shares of Swiss Steel Holding, corresponding to 10.00% of the share capital and voting rights of Swiss Steel, for an undisclosed consideration. The seller BigPoint Holding is Swiss Steel’s main shareholder The transaction closed on May 21, 2021.
Lenz & Staehelin acted as legal advisors to BigPoint Holding in this transaction. The team consisted of corporate partner Hans-Jakob Diem (pictured above) and associates Simone Ehrsam and Ann Weibel.
BianchiSchwald acted as legal advisors to PCS Holding in this transaction. The team consisted of Stefan Scherrer (Partner | Corporate and M&A, pictured left), Thomas Schmid (Partner | Corporate and M&A) and Fabian Akeret (Associate | Corporate and M&A).
Swiss Steel Holding is a Switzerland-based manufacturer of tool steel and non-corrosive long steel, as well as alloyed and high-alloyed constructional steel. The Company operates through two business segments: Production and Sales & Services.
