Bär & Karrer with Exceet Group on the sale of GS Swiss PCB for CHF 105m
Exceet Group, a company of the exceet Group, has entered into an agreement with a fund advised by AFINUM Management to sell its portfolio company GS Swiss PCB. The manufacturer of highly miniaturized printed circuit boards for the medical technology and aerospace sectors is based in the Swiss Canton of Schwyz.
The completion of the transaction is not subject to any conditions and is expected to occur until 31 December 2021. The agreed purchase price amounts to approx. CHF 105 million and will increase exceet Group’s net cash position (available cash less interest-bearing liabilities) after transaction costs to about EUR 110 million after completion of the transaction.
Bär & Karrer acts as legal advisor to Exceet Group in this transaction. The team includes Mariel Hoch, Marlene Lienau, Fabienne Perlini–Frehner and Jasmin Bächtold (all m&a), Jonas Bornhauser (ip/it), Mani Reinert (antitrust), Rehana Harasgama (data protection), Laura Widmer and Laura Rubeli (both employment), Kilian Müller (real estate), Ruth Bloch–Riemer (pensions and social security), David Weimann (pensions and social security/tax) as well as Raoul Stocker (tax).