Huntsman Corporation closed the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners, on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman expects the net after tax cash proceeds to be approximately $540 million before customary post-closing adjustments. Huntsman […]
Sika has announced yesterday that it agreed to sell MBCC Group’s chemical admixtures assets in England, the USA, Canada, Europe, Australia, and New Zealand (Disposal Perimeter) to private equity firm Cinven. The divestment of
Medartis, a Basel-based orthopedic company specializing in head and extremity surgery, recently signed an agreement with the private founders of KeriMedical, a Geneva-based private company specializing in the development and manufacture of implants for hand
As we have informed here, the private equity firm Argos Wityu has acquisted a majority stake in Norline, a leading provider of outsourcing services in the heating, ventilation, air conditioning and plumbing sector in Switzerland.
Credit Suisse and UBS signed a merger agreement, with UBS emerging as the surviving entity. With the combined market capitalization is approximately USD 65 billion, the merger follows negotiations between the two Swiss banks, prompted by
Basel-based orthopedic firm, Medartis, has successfully completed the acquisition of an additional 18% stake in Geneva-based implant manufacturer, KeriMedical, for approximately CHF 18 million. This deal will raise Medartis’ stake to 47%, further cementing the company’s commitment
Legal advisors involved in the UBS-Credit Suisse merger: For UBS: Freshfields Bruckhaus Deringer (‘Freshfields’) is advising UBS Group as global transaction counsel. UBS counsel also include Bär & Karrer and Davis Polk. For Credit
Banking & Finance
Deal & transactions
Baker McKenzie advises Arab Bank on its acquisition of MixCity
Baker McKenzie advised Arab Bank Switzerland on its purchase of the MixCity project, a first-class, multifunctional commercial development project in Renens in the Greater Lausanne area. The investor purchased the property and respective development project
The Initiative & Finance Group has acquired the share capital of CSD Engineers Group. This new partnership will enable CSD to achieve its growth ambitions as a leading engineering company in Switzerland and abroad. With
Fundamenta Group Holding has acquired 100% of the shares of Belvédère Asset Management. In return, the previous shareholders of Belvédère Asset Management will acquire a stake in Fundamenta Group. Following the closing
