Cicor buys TT Electronics: NKF with Commerzbank & UBS on financing the deal
Niederer Kraft Frey (NKF) advised Commerzbank Aktiengesellschaft and UBS Switzerland in connection with their role as mandated lead arrangers on Swiss law aspects of the financing of Cicor Technologies’s acquisition of TT Electronics.
The transaction – to be implemented by way of a UK court-sanctioned scheme of arrangement and expected to close in the first half of 2026 – values TT Electronics at approximately CHF 303 million (GBP 287 million), and will be financed through a combination of senior term debt facilities and newly issued Cicor shares.
The parties
Headquartered in Switzerland, buyer Cicor Technologies provides electronic manufacturing services (EMS), while London Stock Exchange-listed TT Electronics designs and manufactures engineered electronics for performance-critical environments.
The NKF team
Transactions partners Adrian Koller (pictured right) and Philip Spoerlé (pictured left) led the NKF team on the matter, working with associate Carlotta Ulmer (transactions).
